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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.

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Woods refinance mortgage news:
Financial News
Best & Worst in Money 2008: Best silver lining to the recession - Bloggingstocks.com
You've no doubt witnessed the deeper discounts available during the 2008 holiday seasons as retailers, spooked by a drop in consumer spending , are trimming prices to the bone, sometimes beyond, just to keep the cash flowing. The car industry in ...

Mortgage deals with Beach company put owners out of homes - HamptonRoads.com
It was Delisa Mackey's dream home: a tidy two-story house with a two-car garage on a quiet Suffolk cul-de-sac with a patch of woods out back. It was built brand-new to her specifications in 2002, and her name was on the deed. No more renting for this ...

Deals with Beach company put some owners out of homes - HamptonRoads.com
Click a thumbnail to view the full-size image. Buy Pilot photos here. Loading... Distressed homeowner seeks to refinance, is told credit is insufficient, and is referred to Clean Slate for “credit repair.” An “investor” (straw buyer) is ...

Treasuries Are Little Changed With Yields Near Record Lows - Bloomberg
Dec. 3 (Bloomberg) -- Treasuries were little changed as traders judged the rally that pushed yields to record lows in the past week was unsustainable given U.S. government efforts to revive the economy. A gauge of momentum used by traders to predict ...

Treasuries Fall for First Time in a Week After Record Rally - Bloomberg
Dec. 3 (Bloomberg) -- Treasuries fell for the first time in six days as traders ignored reports showing the U.S. economy sank further into recession, saying the rally that pushed yields to record lows was unsustainable. A gauge of momentum used by ...

'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

With markets in turmoil, how to buy gold bars - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. With the market in turmoil, I may buy some gold ...

Shares of mortgage originator PHH climb - Forbes
Shares of PHH Corp. rose Wednesday after a Keefe, Bruyette & Woods analyst said the mortgage originator's liquidity remains strong, and concerns to the contrary are unwarranted. However, analyst Bose George cut his price target on the company's stock ...

US mortgage applications rise as interest rates drop - Reuters
NEW YORK (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 Association said ...

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 ...

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