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JPMorgan, Facing Federal Probe, Exits Municipal Swaps (Update2) - Bloomberg
Sept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market roiled by an antitrust probe and the near-bankruptcy of Alabama's most-populous county. At least ...

Jaguars' season begins amid adversity - Miami Herald
JACKSONVILLE, Fla. Even before the Jacksonville Jaguars opened training camp, they had problems. Team owner Wayne Weaver was refuting rumors that the franchise was for sale and possibly moving to Los Angeles. Receiver Matt Jones was facing a felony ...

JPMorgan, Facing Federal Probe, Exits Muni Interest-Rate Swaps - Bloomberg
Sept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market, which has been roiled by an antitrust probe and the near bankruptcy of Alabama's most- populous ...

Nalco Commercializes BrightWater Enhanced Oil Recovery Technology - StreetInsider.com
NAPERVILLE, Ill., Sept. 3, 2008 (GLOBE NEWSWIRE) -- Nalco Holding Company (NYSE: NLC ) today announced the commercial launch of proprietary BrightWater(r) Reservoir Sweep Efficiency Technology after early applications demonstrated crude oil ...

Making a Business of Foreclosures - US News and World Report
You Walk Away LLC opened in January with an unconventional business model: helping homeowners get into—rather than out of—foreclosure. That's right, for just under $1,000, You Walk Away officials hold cash-strapped borrowers' hands as they lose ...

White House plan offers little foreclosure relief - MSNBC
The Hope Now hotline is staffed 24 hours a day, 7 days a week for homeowners who are having trouble keeping up with mortgage payments. The free service helps borrowers contact  lenders to try to work out a payment plan or modify their loan. While ...

The Conservative Origins of the Sub-Prime Mortgage Crisis - Common Dreams
Hardly a day goes by without a news story about the accelerating number of foreclosures, an economic tsunami that is causing chaos in the housing and stock markets, the banking industry, and the global money markets, not to mention upending families ...

Lantigua, others seek six-month moratorium on foreclosures - Eagle-Tribune
BOSTON — With more homeowners falling behind on mortgage payments, Rep. William Lantigua, D-Lawrence, and a group of lawmakers are proposing a six-month moratorium on foreclosures. The proposed moratorium is among three bills unveiled yesterday ...

Fed looks to rein in lenders - Los Angeles Times
WASHINGTON -- The Federal Reserve on Tuesday proposed new mortgage lending rules to protect consumers against fraud and deception, but consumer advocates said lenders would still have the ability to make the kinds of bad loans that triggered the sub ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

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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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