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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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Washington mortgage rates news:
Financial News
The Engine of Mayhem - Washington Post
Resize It's easy to explain the continuing financial chaos -- and the failure of governments to control it -- as the triumph of psychology. Fear reigns, and panic follows. Everyone dumps stocks because everyone believes that everyone else will sell ...

U.S. takes over mortgage giants - Baltimore Sun
The U.S. government announced yesterday that it was taking control of mortgage giants Fannie Mae and Freddie Mac , saying the companies' weakened finances had made it impossible for them to carry out their missions of supporting the struggling ...

Fannie, Freddie to Step Up Purchases of Troubled Mortgage Bonds - Bloomberg
Oct. 13 (Bloomberg) -- Fannie Mae and Freddie Mac are ready to start purchasing $40 billion a month of underperforming mortgage bonds as the U.S. government expands its options to remove troubled assets from the slumping financial markets, according ...

Rush is on to get rescue plan moving - Seattle Post Intelligencer
WASHINGTON -- With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified ...

White House scrambles to get rescue plan moving - CNN Money
NEW YORK (Associated Press) - With world financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the banking system up and running. It's a daunting task, putting together what will ...

Oct 13, 4:29 AM EDT - Associated Press
WASHINGTON (AP) -- With world financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the banking system up and running. It's a daunting task, putting together what will be one of ...

Mortgage Crisis warning came more than 5 years ago - Economic Times
More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic ...

McCain vows to whip Obama's 'you-know-what' - San Francisco Gate
Monday, October 13, 2008 McCain made that pledge as top advisers said he is weighing new economic proposals to help the nation weather the financial crisis. Addressing several dozen volunteers at his campaign headquarters outside Washington, the ...

Beat the Rush to the Banks - Washington Post
Resize As Warren Buffett once said, you never know who's been swimming au naturel until the tide goes out. And as investors have discovered, the U.S. banking system spent the better part of the past decade's housing bubble doing an underwater ...

Both parties in Congress contributed to credit crisis - Nashville Tennessean
WASHINGTON — During last week's presidential debate, John McCain and Barack Obama sparred over what caused the financial crisis. It was classic Washington finger-pointing. McCain and the GOP blame government-sponsored mortgage companies Fannie Mae ...

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