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Obama Overstates Loan Modifications, Republicans Say - BusinessWeek
Obama Overstates Loan Modifications, Republicans SayBusinessWeekWells Fargo & Co., the nation's top mortgage lender, today became the second bank to agree to also modify home-equity loans as part of the program. ...and more »

IDB Management Questioned as Funding Increase Pared - BusinessWeek
IDB Management Questioned as Funding Increase ParedBusinessWeekThe IDB took a nearly $1 billion loss in 2008 after plowing as much as 60 percent of its cash reserves into mortgage-backed securities, an unusually ...and more »

A Subprime Analysis Of Mortgage Mess - Investor's Business Daily
ReutersA Subprime Analysis Of Mortgage MessInvestor's Business DailyThe act was expanded further during Bill Clinton's administration, creating a higher percentage and a larger pool of subprime mortgages. ...Lewis Faults 'Short-Term Greedy,' Cites Goldman: InterviewBusinessWeekall 119 news articles »

Will HUD Legacy Doom Cuomo Dynasty Restoration? - American Spectator (blog)
Will HUD Legacy Doom Cuomo Dynasty Restoration?American Spectator (blog)But catching up with Cuomo is his relationship with the mortgage meltdown that nearly destroyed the American economy. Appointed by Bill Clinton as secretary ...

Market Failure or Government Failure? - Wall Street Journal
Market Failure or Government Failure?Wall Street JournalLeft out of this narrative is the government's disastrous mortgage and housing policy. Without the policies followed by Fannie Mae and Freddie Mac—and the ...and more »

NAACP: SunTrust Mortgage worker fired over e-mail - Richmond Times Dispatch
NAACP: SunTrust Mortgage worker fired over e-mailRichmond Times DispatchThe e-mail contains pictures of 40 bumper stickers such as, "Clinton ruined a dress, Obama ruined a nation," "So I guess we're even on that slavery thing eh ...and more »

Reading financial reform at midnight - Dallas Morning News (blog)
Reading financial reform at midnightDallas Morning News (blog)It sure seems to me that asking how to reform these government-sponsored mortgage lenders isn't a bad idea. 1300 plus pages Jim? ...and more »

• Renminbi Revaluation: Be Careful What You Wish For - Seeking Alpha (blog)
• Renminbi Revaluation: Be Careful What You Wish ForSeeking Alpha (blog)Only Bill and Hillary could come up with the audacity and scheme to charge the US government exactly their mortgage payment to house the security team ...and more »

Marisa's Musings: Health Care Reform, US-Israel Relations, Return of the Tiger - ABC News (blog)
Marisa's Musings: Health Care Reform, US-Israel Relations, Return of the TigerABC News (blog)The fight for - and against - health care reform intensifies on the Hill, Secretary Clinton downplays the dispute with Israel and Tiger Woods announces his ...and more »

Mortgage Q&A: Crisis no reason to dis ARM - Washington Times
Mortgage Q&A: Crisis no reason to dis ARMWashington TimesHere's a summary: Both the Clinton and Bush administrations encouraged homeownership without any plan to deal with the possibility that property values ...and more »

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

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