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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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Stark refinance mortgage news:
Financial News
Citigroup plans a leaner future, cuts 53,000 jobs - Newsweek
Recommended (6) Citigroup to Buy Wachovia Banking Operations Factcheck.org: Who Really Caused the Economic Crisis? Forbes: What Billionaires Say About the Wall Street Crisis Forbes: What Happened to Lehman and Merrill Lynch? Mortgages: Why Fannie Mae ...

Street of risk and loss - San Diego Union-Tribune
It produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...

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 ...

UPDATE 1-US mortgage applications rise as interest rates drop - Forbes
The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Nov. 7 increased 11.9 percent to 425.0, up from the previous week when the reading hit ...

US mortgage applications rise as interest rates drop - Guardian Unlimited
NEW YORK, Nov 13 (Reuters) - U.S. mortgage applications rose last week, recovering from an almost 8-year low, as potential borrowers took advantage of a sharp drop in interest rates, an industry group said on Thursday. The Mortgage Bankers ...

Apple Introduces Pricey New MacBooks - Forbes
Steve Jobs would make a terrible politician. Democrat Barack Obama is promising a 90-day moratorium on foreclosures. Republican John McCain is promising to refinance your mortgage. Apple Chief Executive Steve Jobs, however, refuses to pander. If you ...

U.S. moves to prop up those at risk of foreclosure - Globe and Mail
Reality Check from Golf green on Bloor St., Canada writes: I don't like this at all. Do you hear the can of worms opening up? "To qualify, borrowers would have to be at least three months behind on their home loans, and would need to have home loans ...

Obama's plan to change the economy - Salon
In the past quarter-century, there has probably never been a better time for a presidential candidate to charge into downtown Manhattan and make a speech arguing for more regulation of the financial industry. The moral authority of market ...

Germany Agrees on New Rescue Package for HRE - Der Spiegel
German mortgage lender Hypo Real Estate has been bailed out a second time to protect the German banking sector. It was a race against time to avert a financial disaster with unpredictable consequences. Late on Sunday night, top officials from Germany ...

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