Washington Mortgage Rates and Information Online from competing Lenders

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Paulson says changes needed at Fannie, Freddie - KSDK
WASHINGTON (AP) -- Treasury Secretary Henry Paulson on Wednesday said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities. In what could be his last speech as Treasury ...

PennyMac, Led by Ex-Countrywide Head, Buys FDIC Loans (Update3) - Bloomberg
Jan. 7 (Bloomberg) -- Private National Mortgage Acceptance Company LLC , an investor in troubled mortgages run by a former president of Countrywide Financial Corp., bought $558 million of home loans that the Federal Deposit Insurance Corp. acquired ...

House members fault SEC in Madoff scandal - Baltimore Sun
WASHINGTON Republican and Democratic House members said yesterday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H. David ...

US pending home sales fall 4 percent - Daily Times
WASHINGTON: US pending home sales fell in November to their lowest level on record amid rising unemployment and a deteriorating economy, the National Association of Realtors said. The industry trade group said its forward-looking pending home sales ...

Lofgren sees higher jumbo mortgage limits returning - San Jose Business Journal
Higher jumbo mortgage loan limits will be part of the highly-anticipated economic stimulus package coming from Washington early this year, U.S. Rep. Zoe Lofgren said Wednesday. A temporary increase in the limit for lower rate conforming mortgages to ...

Mortgage applications down in latest survey - MSN MoneyCentral
Citigroup Inc ( C ) Stock Quote , Chart , News , Add to Watchlist WASHINGTON (AP) - Mortgage applications fell last week, reflecting a slight dip in refinancing after a surge last month as borrowers seized on lower interest rates. The Mortgage ...

U.S. Treasury Secretary says changes needed at Fannie, Freddie ... - News1130.com
WASHINGTON - Treasury Secretary Henry Paulson says allowing mortgage giants Fannie Mae and Freddie Mac to return to their old operating ways is not an option. Paulson says Congress and the next administration must decide the proper role government ...

Calendar of major business events for Thursday - Boston Globe
WASHINGTON -- Labor Department releases weekly jobless claims, 8:30 a.m. WASHINGTON -- Federal Reserve releases consumer credit for November, 3 p.m. NEW YORK -- Retailers report December sales results. WASHINGTON -- Freddie Mac , the mortgage company ...

Obama keeps Republican FDIC chair - CNN Money
WASHINGTON (Reuters) -- Democratic President-elect Barack Obama intends to retain Federal Deposit Insurance Corp. head Sheila Bair, who has pushed for fast mortgage modifications, according to a report Wednesday. Citing Democratic officials, The Wall ...

Paulson says changes needed at Fannie, Freddie - PR Inside
WASHINGTON (AP) - Treasury Secretary Henry Paulson said Wednesday that allowing mortgage finance companies Fannie Mae and Freddie Mac to return to their old operating ways is not an option. Congress and the next administration must decide the proper ...

Today's Mortgage Terms starting with U

Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.

URLA: Uniform residential loan application.

Usury: Interest charged in excess of the legal rate as established by law.

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