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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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Orleans refinance mortgage news:
Financial News
Mitch Schnurman: Mortgage bailout is good for everybody - Fort Worth Star-Telegram
It sounds heartless, maybe even bitter, to ask the question: Why should we rescue people who aren’t making their home payments? Foreclosures are a huge problem, no doubt. Yet the vast majority of Americans are paying their mortgages on time, even ...

Mr. Bush, Come Tell the Ghosts in Queens Your Financial Plan - Common Dreams
As our lame-duck President began his televised speech about the financial meltdown Thursday in lower Manhattan, accountant Barbara Beaubrun sat in her house in southeast Queens, shaking her head in disbelief. "He's in the wrong place," Beaubrun ...

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

2008 (2665) - Dakota Voice
► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

A Mortgage Bailout: Is Anybody Else Mad? - BusinessWeek
As I copyedited BusinessWeek’s story about a possible mortgage bailout for people facing foreclosure, rationally it seemed a good idea to stem the bleeding. But emotionally, I realized, I’m mad. As a debt-averse homeowner with an excellent credit ...

OCEANSIDE: Tri-City feels interest rate pain - North County Times
OCEANSIDE ---- What looked like a savvy financial move for Tri-City Medical Center in 2007 is looking more like a mistake today as interest rates on auction-rate securities hit 13 percent. Tri-City hospital directors met with financial consultants ...

N.O. in bind over bonds for pensions - Baton Rouge Advocate
NEW ORLEANS — The city’s decision eight years ago to sell $171 million in bonds to help strengthen an underfunded firefighter pension plan could end up costing residents up to $400 million. The deal, made under former Mayor Marc Morial and a ...

What We Still Don’t Know About the Mortgage Crisis - New York Times Blogs
Just today, Senator McCain offered up the oldest Washington stunt in the book: you pass the buck to a commission to study the problem. But here’s the thing; this isn’t 9/11. We know how we got into this mess . It’s one thing to criticize McCain ...

Bad bond deal at City Hall expected to cost New Orleans taxpayers $400 ... - New Orleans Times-Picayune
As disastrous moves go, it would be tough to top the city of New Orleans' decision eight years ago to sell $171 million in bonds and invest the proceeds in the stock market as a way of shoring up an underfunded pension plan for firefighters. As if on ...

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