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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
Oxford mortgage rates news:
Financial News
Mobile Banks Face Challenges In Africa - Forbes
Expectations for a rapid roll-out of mobile banking (or m-banking) services have been revived by the extraordinary success of Kenyan cellphone operator Safaricom's M-Pesa money transfer facility, leading to renewed predictions that the cellphone and ...

Crisis hits mortgage rates - Ottawa Sun
TORONTO — One of Canada’s biggest mortgage lenders, TD Canada Trust, is increasing the interest rate charged for its home equity line of credit and variable-interest mortgages. The bank has been charging its prime rate for its Home Equity Lines ...

Latin America Faces Financial Crisis Fallout - Forbes
Latin American countries will differ in their resilience to the current international crisis, depending partly on the quality of their macroeconomic policies in recent years. Since 2003, Latin America has enjoyed sustained economic growth due mainly ...

TD Canada Trust lowers prime lending rate - Winnipeg Sun
TORONTO — One of Canada’s biggest mortgage lenders, TD Canada Trust, has declined to match the full half percentage point cut in interest rates announced by central banks in several countries. The retail banking arm of Toronto-Dominion Bank (TSX ...

Trailing Obama, McCain hopes to gain in debate - Newsweek
(OXFORD, Miss.) NASHVILLE, Tenn. — Leading in the polls, Barack Obama hopes to cement his standing while John McCain is trying to turn his fortunes around in their second presidential debate — with economic turmoil bordering on chaos suddenly ...

Government to stabilize lending industry: Flaherty - Winnipeg Sun
OTTAWA — Finance Minister Jim Flaherty has announced government measures aimed at stabilizing the country’s troubled lending industry — measures he predicts will prod banks to further lower their lending rates. Flaherty says the Canada Mortgage ...

Bailout approval starts new debate over implementation - Thehill.com
Congressional approval of the $700 billion bailout last week marks the beginning of a new debate over how to prevent a similar financial crisis from happening again. “The $700 billion rescue plan is a life-support measure. It may keep our economy ...

TSX down again, loonie dives 3 cents - Ottawa Sun
TORONTO — The Toronto stock exchange was down over 300 points late Friday morning with energy stocks again getting stomped as oil prices continued to retreat and financial stocks moved lower even as the government announced help for Canada’s big ...

Loonie takes steepest one-day dive ever - Edmonton Sun
TORONTO — The loonie posted its biggest one-day decline on record Friday, falling almost five cents against the American dollar amid tremendous financial upheaval around the world. The dollar was down 4.5 cents in afternoon trading at 82.78 cents ...

Stock markets down, off early levels as financials improve - Edmonton Sun
TORONTO — The Toronto stock exchange was down sharply mid-morning Friday as energy stocks continued to take a big knock from retreating oil prices. But losses paled in comparison to a slide of almost 600 points at the open when the TSX joined a ...

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