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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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Union refinance mortgage news:
Financial News
Moody's sees severe recession, rising defaults - Forbes
NEW YORK (Reuters) - Moody's Corp (nyse: MCO - news - people ), the parent of credit rating agency Moody's Investors Service, Tuesday forecast a "severe recession" in 2009, with high-yield corporate default rates climbing to between 10 and 12 percent ...

UPDATE 2-Moody's sees severe recession, rising defaults - Forbes
NEW YORK, Jan 6 (Reuters) - Moody's Corp, the parent of credit rating agency Moody's Investors Service, on Tuesday forecast a 'severe recession' in 2009, with high-yield corporate default rates climbing to between 10 and 12 percent. 'The conditions ...

National Ticker, January 1 - Inland Valley Daily Bulletin
A passenger jet powered in part by vegetable oil successfully completed a two-hour flight Tuesday to test a biofuel that could lower airplane emissions and cut costs, Air New Zealand said. One engine of a Boeing 747-400 airplane was powered by a 50 ...

Through the Fog of Economic Uncertainty - Weekly Standard
Lot's wife looked back at a scene of devastation and was turned into a pillar of salt. Salt--as in the salty tears we shed last week as we looked back on 2008, a year of deepening economic recession, and the worst for share prices since 1931. Worse ...

Commentary — By Janine Aron And John Muellbauer: “The storm before ... - Business World
OXFORD — Central banks can stop worrying about inflation. Price deflation is far more likely in the near term. But temporary deflation need not be the terror that central bankers fear, at least if the banking system is recapitalized and if interest ...

The World Newser - ABC News Blogs
George Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...

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