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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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Clarke refinance mortgage news:
Financial News
Michigan tries to slow foreclosures - Detroit News
LANSING -- Scrambling to do something about Michigan's rampant home foreclosure problem before the holidays, Gov. Jennifer Granholm and lawmakers are working on a flurry of bills to ease the squeeze on cash-strapped homeowners. Various measures would ...

U.S. Economy: Home Sales Fall, Record Drop in Prices (Update2) - Bloomberg
Nov. 24 (Bloomberg) -- Home resales in the U.S. dropped in October and prices fell by the most on record, signaling a deepening housing recession going into 2009. Purchases of existing homes slid to an annual rate of 4.98 million, lower than forecast ...

Foreclosure moratorium proposals stir debate - Oakland Press
A proposed moratorium on foreclosures, advocated by Democratic presidential nominee Barack Obama and state Sen. Hansen Clarke, D-Detroit, is stirring debate. Obama’s economic plan would establish a 90-day moratorium on foreclosures for homeowners ...

Loans came easily, then fell apart - Milwaukee Journal Sentinel
While earning a salary of $21,000 a year, Leesa Robinson landed on top of the real estate world in 2006, overseeing nearly $1 million in property. The 45-year-old single mom started buying houses after watching late-night infomercials and their tales ...

Louisiana-Pacific Corp. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good day, ladies and gentlemen, and welcome to the Third Quarter 2008, Louisiana-Pacific Corp. Earnings Conference Call. My name is Lacy, and I will be your coordinator for today. At this time all participants are in a listen-only mode. We will be ...

Can Darling kickstart lending? - bbc
It's clear from comments posted on my blog that there's a widespread misunderstanding about what the massive taxpayer bailout of our banks was designed to achieve or could achieve. The primary motive of the £400bn of additional taxpayer support ...

Suspect sought in shooting - Milwaukee Journal Sentinel
Nov. 7, 2008 | Milwaukee police continue to seek a shooter who left a 19-year-old man in critical condition during an altercation that might have been drug-related last night. Investigators said that the victim remains hospitalized after being shot ...

Overseas bank lines up to bid for HBOS - Scotsman
A FOREIGN bank is interested in buying HBOS and has approached the UK government on how to proceed, The Scotsman has learned. It has received assurances from the Treasury that any bid would be treated equally to the one on the table from Lloyds TSB ...

Taxes to fall and then rise - bbc
On Monday, the chancellor will admit, by implication, that the government's industrial policy of the past decade has been something of a disaster. Actually to call it an industrial policy is a bit misleading - but what I mean is the Treasury's ...

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