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Today's Mortgage Terms starting with V

VA Loans:

Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate:

Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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Shelby mortgage rates news:
Financial News
Berkeley economist to head Obama economic council - Politico.com
President-elect Obama plans to name Christina Romer, an expert on tax cuts and recessions who is an economics professor at the University of California at Berkeley, to chair his Council of Economic Advisers, aides said. This should come in handy ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The absurdist drama β€œThe Bailout,” now playing under the Capitol Rotunda, is perversely reassuring. It has reinforced my long-held belief ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

November 2008 - Posts - MSNBC Firstread
Senate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...

Richard Shelby - Newsday
First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would ...

Feds' Massive (And Costly) Financial Rescue - San Francisco Gate
The centerpiece of the program is a plan to take hundreds of billions of dollars of troubled mortgage loans off the books of financial institutions and put them into the hands of the government. Lenders still would have to take an undefined loss, but ...

Analysis: Lawmakers tying strings to auto bailouts - International Herald Tribune
WASHINGTON : Democrats and Republicans alike want to impose stiff conditions on any bailout of the auto industry β€” from limiting executive compensation and outlawing dividends to demanding union concessions. That is a sharp contrast to the big bank ...

Analysis: Strings attached to auto bailout bills - San Diego Union-Tribune
WASHINGTON – Democrats and Republicans alike want to impose stiff conditions on any bailout of the auto industry, from limiting executive compensation and outlawing dividends to demanding union concessions. That's a sharp contrast to the big bank ...

Bair Testimony on Foreclosures and Stabilization - Wall Street Journal
FDIC Chairman Sheila C. Bair testified on foreclosure before the Senate Committee on Banking, Housing and Urban Affairs . These are her prepared remarks. Chairman Dodd, Senator Shelby, and Members of the Committee, I appreciate the opportunity to ...

Auto Bailout Plan Gets Opposition - Central Florida News 13
A top Republican senator said he will fight a Democratic plan to bail out U.S. automakers. The opposition by Sen. Richard Shelby and other GOP lawmakers raises doubts about whether the plan will pass in this week's post election session. Shelby is ...

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