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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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Salt Lake mortgage loan news:
Financial News
Payday loans - Salt Lake Tribune
With local governments and the state Legislature attempting to eliminate short-term payday loans across the state, it is important that Salt Lake City readers understand some facts about these loans ("SLC planners set payday-loan store rules ...

Bailout doesn't calm fears - Salt Lake Tribune
Relief on Wall Street over the hard-won passage of a $700 billion bailout package for the financial system apparently hasn't yet trickled down to the storefronts, car lots, pubs and malls of Main Street. Many Americans spent an uneasy weekend ...

Wells Fargo gallops in to snatch Wachovia from Citigroup grasp - Times Online
Wachovia, the embattled American bank, dramatically reneged yesterday on a deal struck last Monday to be taken over by Citigroup. It has turned instead to a better offer from Wells Fargo. Citigroup immediately demanded that Wachovia honour its ...

The down payment assistance debate - Marketplace.publicradio.org
Tess Vigeland: As we heard earlier in the show, Utah's economy often lags behind the rest of the nation, and according to local real estate broker Randall Wall, Salt Lake City isn't such a bad place to buy or sell a home right now. Randall Wall: For ...

Emergency Family Finances: Part 1 - ksl.com
In Utah, it's likely you still have a job, you're managing to make ends meet and you're simply hoping your 401(k) recovers well before you retire. But without that job, economists say nearly a third of you wouldn't have enough savings to rely on ...

Johnson Capital Launches Special Servicing Division in Partnership ... - PR Inside
- Sugerman Communications Group Emily Baines, 310-689-7537 Emily@sugermangroup.com Johnson Capital, a leading national real estate investment banking firm, announced today a new joint venture with the Miller Frishman Group (MFG), a provider of ...

Subprime: Not All News About Smaller Banks Bad [Housing Tracker] - Seekingalpha.com
As Big Banks Converge, Depositors Find Deals at Smaller Institutions . “A huge chunk of consumer deposits are now consolidated in three banking behemoths – Citigroup ( C ), Bank of America ( BAC ) and J.P. Morgan Chase ( JPM ) -- not known for ...

Why I love this candy-covered ball of granite, Sarah Palin - Times Online
It was, for us legion of Sarah Palin obsessives, a disappointing debate all said. No moose-in-night-sights Couric interview dead air, no dizzying glimpses down the bottomless well of her unknowledge, no dinosaurs, no pipelines mandated by God. No ...

House defeats $700B financial markets bailout - Natchez Democrat
WASHINGTON (AP) — The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry. Stocks plummeted on Wall ...

Volcker Says Finance System `Broken,' Losses May Rise (Update2) - Bloomberg
Sept. 5 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said the U.S. financial system, dependent upon securitization rather than traditional bank loans, is broken, and may contribute to the weakest expansion since the 1930s. ``This ...

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