Nevada Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Nevada among 8 states with high foreclosure rate - Las Vegas SunHome foreclosures and delinquencies were above the national average in the second quarter in eight states, including Nevada, the Mortgage Bankers Association said today. The association's report indicated more than 4 million homeowners nationwide ...
Candidates weigh in on stabilizing Fannie, Freddie - ForbesThe historic takeover of Fannie Mae and Freddie Mac , which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for taxpayers and the ...
FDIC shutters Silver State Bank of Nevada - CNN MoneyWASHINGTON (AP) -- Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank ...
Ohio among top for mortgage delinquencies - Business CourierOhio still has one of the nation's highest mortgage delinquency rates, the Mortgage Bankers Association said in its second-quarter report. The state had one of the highest rates for loans in foreclosure during the quarter, at 4 percent, behind ...
Regulators shut failed Silver State Bank in Nevada; 11th bank failure ... - Chicago TribuneWASHINGTON (AP) _ Regulators on Friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank ...
Government may soon take over troubled mortgage finance giants Fannie ... - Minneapolis Star TribuneTV upgrades may fall short, experts warn Union to strike as Boeing-machinists talks fail Silver State Bank in Nevada is shut Dinner and a movie, all in the same seat Mortgages: No relief in sight WASHINGTON - The government is expected to take over ...
Rangel paid no mortgage interest on beach house - Miami HeraldWASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman says. The New York congressman's lawyer, Lanny Davis, tells The Associated Press that Rangel ...
Move Follows More Bad News on Mortgages - KNx 1070WASHINGTON (CBS/AP) -- Mortgage giants Fannie Mae and Freddie Mac -- despite their robust cadre of economists and mortgage experts -- failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies ...
Fannie, Freddie blind to the bubble - Rapid City JournalWASHINGTON - Mortgage giants Fannie Mae and Freddie Mac _ despite their robust cadre of economists and mortgage experts _ failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies _ particularly Freddie ...
Record 9% of Americans can't make home payments - Detroit Free PressWASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today ...

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Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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