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Dallas-Fort Worth cities cautious about '09 budgets - Dallas Morning News
ARLINGTON – The ink was barely dry on the new budget when the Arlington City Council decided this month to chop $1 million from its spending plan. Concerns about the troubled economy convinced the council that cuts were needed less than two months ...

Texas is vulnerable to commercial foreclosures - Fort Worth Star-Telegram
WASHINGTON — Black Friday’s retail shoppers hunting for holiday bargains 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 of the same ...

Home Value Highwire - WTOP Radio
WASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...

Fannie, Freddie Debt Spreads Narrow on Fed’s MBS Purchase Plan - Bloomberg
Nov. 25 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac debt fell by the most on record relative to benchmarks, leading gains in credit markets after the Federal Reserve committed $800 billion to help make it easier for Americans to obtain ...

The Paulson Plan: “Truly Idiotic” - Wall Street Journal
Charles Calomoris is angry. Hank Paulson’s plan to save the economy? “Truly idiotic,” says Calomoris, who is the Henry Kaufman Professor of Financial Institutions at Columbia University’s business school. “This whole thing has been complete ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

New game plan for refinancing - Fort Worth Star-Telegram
ARLINGTON — For four months, the city has been unable to refinance $164 million in variable-rate bonds for the Dallas Cowboys stadium project. On Tuesday, city staff members will ask the City Council for authority to refinance only part of the debt ...

Dallas area feeling pain of ailing economy - Dallas Morning News
The credit crisis has hit Texas. T. Boone Pickens is having trouble financing the world's largest wind farm in West Texas. Jerry Jones may need a quick loan to keep the new Cowboys stadium on track. Retail stores are closing all over town; some are ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

Treasury, FDIC Said to Craft Plan to Curb Foreclosure (Update2) - Bloomberg
Oct. 29 (Bloomberg) -- The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a plan that may provide about $500 billion in government guarantees for troubled mortgages, according to people familiar with the matter. The program ...

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Today's Mortgage Terms starting with H

  • Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
  • Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
  • Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.

    View all Terms
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