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Senate approves Bernanke for W.House post

WASHINGTON (Reuters) - The U.S. Senate on Wednesday confirmed Federal Reserve Board Governor Ben Bernanke as a top White House economic adviser, giving President Bush the counsel of a monetary expert as worries grow over trade imbalances and the value of the dollar. The Senate approved Bernanke's nomination to chair the White House Counc... : Senate approves Bernanke for W.House post

Maxwell House Price Perks Up 14 Percent

By Jeff Coelho NEW YORK (Reuters) - Coffee lovers are digging deeper into their pockets for their daily fix of the black brew. Kraft Foods Inc. (KFT.N: Quote , Profile , Research ) raised the price of its Maxwell House coffee brand by 14 percent for a 13-ounce can, becoming the second major U.S. roaster to hike prices in a week due to the rising cost of raw beans. Rising prices reflect a fresh change fo... : Maxwell House Price Perks Up 14 Percent

Second mortgage

A secured loan (or mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence.In real estate, a property can have multiple loans against it. The loan which is registered with county or city registry first is called the first mortgage. The loan registered second is called the second mortgage. A... : Second mortgage

Mortgage delinquencies

Tuesday, February 01, 2005 Mortgage delinquencies down for conventional loans, but up in other categories Mortgage delinquencies for conventional loans in 2003 dropped from the 2002 figures, according to the latest numbers available to mortgage bankers. Arthur Cox, director of the Real Estate Education Program at the University of Northern Iowa, says that it looks like the figures may have droppe... : Mortgage delinquencies

Greenspan Tries to Soothe Housing Worries

WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday that he did not foresee big price distortions developing in home prices and said Americans were handling their debts well. Speaking to America's Community Bankers, Greenspan conceded there were concerns about "the exceptional run-up in home prices" but sa... : Greenspan Tries to Soothe Housing Worries
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