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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.

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Union mortgage loan news:
Financial News
GM, Chrysler expand credit union loan deals to all 50 states - Detroit Free Press
NEW YORK — Automakers General Motors Corp. and Chrysler LLC, along with a group of credit unions, said today that they are expanding to all 50 states programs that offer low-cost loans and special pricing incentives to credit union members. David ...

Trio indicted for $2M theft in Union St. project - Independent
FREEHOLD — A Monmouth County grand jury returned an eight-count indictment Dec. 8 charging Timothy Hurst, 53, of Middletown, Laurie Quinn, 50, of Middletown, and Kelly Rowe, 32, of Edison, with second-degree conspiracy to commit theft by deception ...

American River HealthPro Credit Union To Announce 2008 Year End ... - Earthtimes
RANCHO CORDOVA, Calif. - (Business Wire) American River HealthPro Credit Union (ARHCU) today announced that its 2008, year-end results will reflect a net loss due to some of the common factors currently impacting financial institutions across the ...

Loans are readily available, despite contrary reports - Chetek Alert
Smaller banks with traditional underwriting did not get caught up in the sub-prime mortgage mess and have money to loan. Pictured are First National Bank of Chetek loan officer Carol Busta, left, and vice president Rick Jacob. CNN, Newsweek-most ...

Churches aren’t immune to the mortgage squeeze - Providence Journal
Bevan Unrau, senior pastor at Seabreeze Church, in Huntington Beach, Calif. The church bought its building in 2003 with a $5-million loan and is struggling to pay its mortgage, as weekly expenses outpace giving. NYT / J. Emilio Flores After years of ...

N.J. housing market slide provides opportunity for first-time buyers - Bridgeton News
In a wooded neighborhood of Raritan Township, Sarah Nojiri walks through an empty colonial with a dining room big enough to fit the large furniture her grandmother gave her. She can't wait to hold family dinner parties inside her first home, and she ...

Will credit unions survive? - Independent
Share THE Irish credit union movement is facing into the most critical period in its 50-year history as a high proportion of its members shun its services in favour of credit card debt, motor loans and leases and electronic payments by direct debit ...

JP firefighters take battle over pay to the public - WWL-TV
Arguing that Jefferson Parish firefighters are the highest paid in the state – making an average of $70,000 per year, the parish is seeking to make some changes. Union officials dispute the figure, saying firefighters make an ...

Navy Federal Credit Union Commits $6 Billion for Mortgage in 2009 - PR Newswire
VIENNA, Va., Jan. 5 /PRNewswire-USNewswire/ -- Navy Federal is pleased to announce that $6 billion has been committed to new mortgages for Navy Federal members in 2009, whether they're buying a new home or refinancing. This new commitment follows ...

Loan terms for GMAC include concessions - WJRT
SAGINAW (WJRT) -- (01/02/09) -- GMAC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in ...

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