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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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Morgan refinance mortgage news:
Financial News
Top salesmen for financial bailout face grilling - Newsweek
Recommended (6) Campaign 2008 Secrets: McCain Gambles on Palin The Candidates' Economic Gurus It Now Takes Three Men to Do What J.P. Morgan Did The Economy Sucks. But Is It ’92 Redux? Sunder Katwala on the Era of Big Government The Economic Crisis ...

Citigroup plans a leaner future, cuts 53,000 jobs - WTOP Radio
NEW YORK (AP) - Citigroup , widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business _ 53,000 jobs _ as it tries to slash costs and get back to basics before it's too late. The cuts, which ...

Regions Program Helps Keep Residential Mortgage Foreclosures Low - StreetInsider.com
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF ) today announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid ...

Good News! Only $6 B. in Big CMBS Loans To Mature in '09 - New York Observer
PropertyShark. It's extraordinary what passes for good news these days! But here you have it. Commercial Mortgage Alert is reporting that only $6 billion worth of CMBS loans worth $50 million or more each will mature in 2009, a quantity that the ...

Bailing out homeowners - Romesentinel.com
After bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time. After all, it was failing mortgages that fueled this fall ...

Homeowner Help Programs: Find Out If You're Eligible - CNBC
J.P. MORGAN * Available to owner-occupied mortgages and comes on top of an already modified 250,000 mortgages worth $40 billion in 2008 * The plan is open only to those homeowners “who show a willingness to pay,” meaning only customers who ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Wells Fargo: Clearly, there are numerous pitfalls that Wells Fargo will need to navigate, but in the short run, at least, it won. Wells Fargo ...

Enterprise Inns hit by debt finance fears - Daily Telegraph
Analysts thought some income funds were selling out of Enterprise yesterday after broker JPMorgan argued the company should scrap future dividend payments to accelerate debt repayments - a move that could take the company out of the "distress ...

What the Hell is Paulson Thinking??? - Huffingtonpost.com
Secretary Paulson announced on Wednesday that the $700 billion that Congress authorized under the Troubled Asset Reclamation Program for the purchase of asset-based securities will not be used to purchase any asset-based securities. Instead, the ...

Just the Facts... - Safe Haven
For the week, the S&P500 dropped 8.3% (down 45.5% y-t-d), and the Dow fell 5.3% (down 39.3%). The Morgan Stanley Cyclical index was pounded for 11.9% (down 59.8%) and the Transports for 10.6% (down 31.7%). The Morgan Stanley Consumer index dropped 4 ...

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