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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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Scott home equity loans news:
Financial News
Private equity group buying IndyMac assets: FDIC - Boston Globe
WASHINGTON/NEW YORK (Reuters) - A consortium of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, has agreed to buy the assets of failed mortgage lender IndyMac, the Federal Deposit Insurance Corp said on ...

Private equity group buying IndyMac assets - MSN MoneyCentral
WASHINGTON/NEW YORK (Reuters) - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash ...

Businesses Seek Tax Break on Canceled Debt Like Homeowners Got - Bloomberg
Jan. 6 (Bloomberg) -- Commercial real estate companies, the U.S. Chamber of Commerce and other business groups are pushing Congress for a temporary tax break on forgiven debt similar to relief given in 2007 to homeowners facing foreclosure . The ...

Speaking of sports - Memphis Business Journal
Mike Bullard started 'Memphis Sport' magazine with a home equity loan. After three years in business, Memphis Sport, a local sports and entertainment magazine, is almost out of the small business wilderness, but the magazine’s owner isn’t leaving ...

Snowmass seeks Base Village guarantees - Aspen Daily News
SNOWMASS VILLAGE — Elected officials here are leveraging the tricky financial situation Related WestPac finds itself in these days to get guarantees on improving public transit arrivals into the new Base Village. Related WestPac executives came ...

Deschutes defaults spiked 228% in ‘08 - Bend Bulletin
We welcome comments from subscribers (E-Edition or print). Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by The Bulletin or bendbulletin.com. The Bulletin and bendbulletin.com reserve the right to ...

London property owners face more gloom - This is Money
More than a third of a million homes in London are already worth less than their owners paid for them, analysis by the Evening Standard shows today. Crash: More than a third of a million homes in London are already worth less than their owners paid ...

Low mortgage rates don’t entice buyers - Fort Worth Business Press
As mortgage rates continue to flirt with 30-year lows, local lenders say they’re seeing a definite uptick in refinancing inquiries, but the historic low rates have done little to convince on-the-fence home buyers to re-enter the market. In the last ...

Wall St. closes out on 2008, year of record losses - Associated Press
NEW YORK (AP) -- Investors are preparing to close out the last three trading days of 2008, a year in which Wall Street has logged its worst performance since Herbert Hoover was president. The ongoing recession and global economic shock pummeled ...

UK Approves Police Hacking Home Computers - Wired
The UK's Home Office is supporting a proposal that would allow British police or MI5 agents to hack home, office and other private computers without a warrant to intercept e-mail traffic and monitor a user's other computer activities. The proposal ...

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