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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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Turner mortgage rates news:
Financial News
Fall in house prices slows but mortgage fraud flourishes - Guardian Unlimited
The sharp fall in house prices has slowed this month, Nationwide said yesterday, but experts predict that they still have further to fall. Britain's biggest building society said that prices dropped 0.4% this month and 13.9% over the past 12 months ...

UPDATE 3-New Zealand slashes rates to 5-year low, flags more - FXStreet.com
WELLINGTON, Dec 4 (Reuters) - New Zealand's central bank slashed interest rates by a record 1.5 percentage points to restore the health of its economy hit by the global slowdown but said the country was already moving out of recession which would ...

UPDATE 1-HBOS to pass on BoE cuts in full to tracker mortgages - Reuters
LONDON, Dec 4 (Reuters) - Britain's biggest mortgage provider, HBOS Plc (HBOS.L: Quote , Profile , Research , Stock Buzz ), said it will pass on any Bank of England rate cuts in full on its tracker mortgage products, ahead of the central bank's ...

Rates set to fall again in December - Brisbane Times
Official interest rates are tipped to be slashed before Christmas as the worst global financial crisis in decades stirs fears about a possible recession in Australia next year. All 18 economists surveyed by AAP expect the Reserve Bank of Australia ...

Reserve Bank to make deep cut in rates: survey - The Australian
OFFICIAL interest rates are tipped to be slashed before Christmas as the worst global financial crisis in decades stirs fears about a possible recession in Australia next year. All 18 economists surveyed by AAP expect the Reserve Bank of Australia ...

Growth expected to have slowed further - The Australian
THE Australian economy is expected to have slowed further in the September quarter, as then - high interest rates crimped consumer spending and the global financial crisis sapped business confidence. The national accounts report due to be release by ...

PRESS DIGEST - Financial Times - Nov 29 - Reuters
Easy access saving accounts offering rates over six per cent are about to disappear as banks and building societies, including Nationwide, Alliance & Leicester, Royal Bank of Scotland (RBS.L: Quote , Profile , Research , Stock Buzz ) and NatWest, cut ...

Glance-PRESS DIGEST - Financial Times - Nov 29 - TradingMarkets.com
Easy access saving accounts offering rates over six per cent are about to disappear as banks and building societies, including Nationwide, Alliance & Leicester, Royal Bank of Scotland and NatWest, cut their interest rates. According to Moneyfacts.co ...

The Note: Economy Confronts Obama...Again - ABC News Blogs
You don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...

Rebellion over SNP finance package grows in public and private sectors - Scotsman
PRESSURE continued to mount on the Scottish Government yesterday as business and council leaders drew battlelines over SNP policy. As revealed in The Scotsman, leaders of Scotland's leading business organisations, known as the Group of Six, met with ...

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