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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. View all Terms

Story mortgage loan news:

Home loan troubles break record again - Seattle Times
WASHINGTON — A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association (MBA) said ...

Home loan troubles break records again - Miami Herald
An industry group says a record 9.2 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount. The latest quarterly snapshot by the ...

Rangel Paid No Mortgage Interest On Beach House - Guardian Unlimited
WASHINGTON (AP) - Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press ...

Foreclosures accelerate to fastest pace in almost three decades - Los Angeles Times
Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell. New foreclosures increased ...

U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update1) - Bloomberg
Sept. 5 (Bloomberg) -- Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell. New ...

Win the Race Against Car Loan Interest Rates - Street.Com
Everyone knows paying off mortgage prinicpal can net you tens of thousands of dollars in interest payments -- but what about car loans? With the help of the online Auto Loan Payoff Calculator from BankingMyWay.com, you can now figure that out. The ...

GMAC slashing work force, reduces mortgage lending - Los Angeles Times
Lender GMAC Financial Services said Wednesday that it would close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. The majority of the ...

Will banks cut home loan interest rates? - News.com.au
Not all banks have committed to lowering home loan rates RBA is expected to cut the official interest rate today In-depth : The latest interest rates news and features THE big question today isn't whether the Reserve Bank will lower the official ...

Loan giants revisited by bailout talk - Baltimore Sun
WASHINGTON - Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac , investor fears that a bailout is imminent could turn such a worst-case scenario into reality. Amid renewed ...

Lawsuit over signing shock - Houston Chronicle
Nanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The city sued one lender saying it was targeting black Baltimore homeowners with deceptive lending practices and high-interest loans and ...