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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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Bonner mortgage loan news:
Financial News
Bonner County's home loss rate doubles in 2008 - Bonner County Daily Bee
SANDPOINT - More than a million U.S. homeowners are expected to hand over their house keys in 2009, as they lose property to foreclosure. According to Investment News, the number of foreclosures directly related to sub-prime loans will top 2 million ...

Investors gain from family losses - Bonner County Daily Bee
SANDPOINT - A year has gone by and the family hasn't kept up with house payments. The eviction process is complete and the trustee's sale notices have been published. No one showed up on the courthouse steps to bid on the property, so it has gone ...

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