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Today's Mortgage Terms starting with R

Refinancing:

The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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Ford refinance mortgage news:
Financial News
Bernanke urges more action on foreclosures - MSNBC
Dec. 4: Ford CEO Alan Mulally testifies that Ford is moving toward matching production with demand and expects profitability by 2011, but would like access to a $9 billion government bridge loan as a safeguard. WASHINGTON - Federal Reserve Chairman ...

Treasury Eyes New Plan to Drive Down Mortgage Rates - Bank Info Security
The U.S. Treasury Department is considering a plan to purchase mortgage-backed securities to drive mortgage rates down to as low as 4. 5 percent, which mirrors plans the Federal Reserve announced last week to buy securities backed by 30-year fixed ...

Bernanke wants more action to curb foreclosures - WJLA
Washington - Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down ...

Stocks Down As Automakers Pitch Congress - Forbes
The automaker hearings in Washington garnered a fair share of Wall Street's interest, with testimony from the chiefs of Detroit's Big Three beginning just after noon. While the likelihood of a rescue appears to be growing after the automakers ...

US economy sinks deeper as layoffs mount - International Herald Tribune
WASHINGTON : Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the United States deeper into recession. Beaten-down ...

Street Sways On News Deluge - Forbes
U.S. stocks were in a lull Thursday, as investors regrouped amid a hailstorm of attention-grabbing headlines. The day began with news of substantial rate cuts from the Bank of England, European Central Bank and Sweden's Riksbank, followed by the ...

Ford Motor Co. asks Congress for $9B line of credit; says it hopes not ... - Minneapolis Star Tribune
Hey Congress, Why dont you pay off my student loan and my mortgage? I am paying my loans on time, and not buying things i can't afford. … read more Why are we helping out the dumb people? They will fall right back into debt. How about tough love ...

Detroit, Congress playing chicken - Atlanta Journal Constitution
The United Auto Workers union has backed off considerably from its arrogant announcement a few weeks ago that it would accept no further concessions in wages and benefits to save the industry. Management of the Big Three is also a lot more humble ...

Big Company Stocks Under $1 And Those Heading There (TMA)(FNM)(FRE ... - Marketwatch
Thornburg Mortgage (TMA) was just suspended from trading on the NYSE. Its price has been below $1 for to long. It trades at $.30. Extraordinary, because it 52-week high is $140.50. Losses and fear of more losses have taken Fannie Mae (FNM) down to ...

U.S. Stock-Index Futures Retreat; Research in Motion, GM Fall - Bloomberg
Dec. 3 (Bloomberg) -- U.S. stock-index futures dropped after Research In Motion Ltd. reported earnings that missed its forecast and General Motors Corp. said it needed $8 billion to stay in business. Research In Motion tumbled 11 percent in Germany ...

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