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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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Muscatine mortgage loans news:
Financial News
Meltdown far from over, new mortgage crisis looms - Muscatine Journal
WASHINGTON - The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis _ one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full ...

Fed's emergency loan program increases activity - Muscatine Journal
WASHINGTON - The Federal Reserve boosted its lending to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezing the financial system. The Fed released a report Friday saying commercial ...

Gov't unveils mortgage disclosure rules - Muscatine Journal
WASHINGTON - Prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules issued Wednesday by the federal government. The Department of Housing and Urban Development overhauled a 1974 law requiring ...

Iowans face new hurdles in getting credit - Des Moines Register
Iowans applying for credit are finding less favorable terms than just a few months ago, as the national credit crunch trickles down to consumer loans. "Banks (are) making it more difficult for borrowers with less-than-perfect credit to get a loan and ...

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