Cochrane Mortgage Refinance and Information Online from competing Lenders

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'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts - Bloomberg
Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts By Laura Cochrane and Lester Pimentel Nov. 21 (Bloomberg) -- Developing nations' borrowing costs rose the most in a month this week, hampering the ability of governments to refinance $1 ...

Mortgage rescue: Paulson says troubled assets will not be purchased - Salt Lake Tribune
WASHINGTON - The government has abandoned the original centerpiece of its $700 billion rescue effort for the financial system and will not use the money to purchase troubled bank assets. Treasury Secretary Henry Paulson said Wednesday that the ...

Just the Facts... - Safe Haven
For the week, the S&P500 dropped 8.3% (down 45.5% y-t-d), and the Dow fell 5.3% (down 39.3%). The Morgan Stanley Cyclical index was pounded for 11.9% (down 59.8%) and the Transports for 10.6% (down 31.7%). The Morgan Stanley Consumer index dropped 4 ...

History's Biggest Margin Call - Safe Haven
What a vicious crisis. For the week, the Dow was hammered for 5.3% (down 36.8% y-t-d) and the S&P500 6.8% (down 40.3%). Economically-sensitive issues were, again, hammered. The Morgan Stanley Cyclical index dropped 12.0% (down 50.9%). The Transports ...

Today's Mortgage Terms starting with V

VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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