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News about Mortgages:
Bank of America completes purchase of Merrill Lynch, while Wells Fargo ... - Minneapolis Star TribuneATLANTA - Two mega acquisitions in the banking sector have been completed following the biggest financial crisis to hit the United States since the 1930s, capping a year in which Wall Street stocks were hammered, home foreclosure rates soared and job ...
Mortgage rates fall to third straight record low - Jackson SunWASHINGTON — Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of dollars ...
Should Uncle Sam Seize Mortgage Securities? - ForbesDemocrats are clear about this much: They believe the banks and the Bush administration have done too little to halt home foreclosures and they intend to do more. The source of the funds is clear too. House Financial Services Chairman Barney Frank, D ...
European Factors-Shares set to rise for sixth day in row - ReutersLONDON, Jan 6 (Reuters) - European shares were expected to rise for the sixth session in a row on Tuesday with firmer metals prices seen supporting miners, while financials could advance on hopes for a global economic recovery later in 2009. At 0731 ...
Realtors: Buy Now - Warren Times-ObserverDespite the current economic crisis, mortgage rates have dropped significantly since the Federal Reserve recently unveiled a plan to buy up to $500 billion of mortgage securities backed by government-sponsored enterprises Fannie Mae , Freddie Mac and ...
Banks finish mergers - Jackson SunATLANTA - Two mega acquisitions in the banking sector have been completed following the biggest financial crisis to hit the United States since the 1930s, capping a year in which Wall Street stocks were hammered, home foreclosure rates soared and job ...
Public records: Foreclosure and bankruptcy filings - Bradenton HeraldForeclosed properties to be sold at 11 a.m. on the days listed at the Manatee County Courthouse. Listed are the borrower’s name, the property description, the amount of the trust deed, the lender and the file number. Scott R. Zick et al, $265,524 ...
Ohio man admits to plotting wife's strangling - Buffalo NewsA 74-year-old southern Ohio man has pleaded guilty to hiring someone to kill his wife in their farmhouse last spring. David Evans Sr. of Jackson pleaded guilty Friday to conspiracy to commit aggravated murder and conspiracy to commit aggravated ...
Police: Angry Ohio boy, 4, shoots baby sitter - Buffalo NewsPolice say an angry 4-year-old Ohio boy grabbed a gun from a closet and shot his baby sitter. Eighteen-year-old Nathan Beavers was hospitalized Sunday with minor wounds to his arm and side after the shotgun attack. Police say another teen was also ...
Public Notices - Columbia StarSealed proposals will be received by the Mayor and City Council of the City of Columbia, South Carolina, for rehabilitation construction of storm drainage at Martin Luther King Jr. Park. Proposals will be accepted from any Contractor qualified to bid ...
Today's Mortgage Terms starting with F
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.
Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.
First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.
Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.
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