Shasta Mortgage Rates and Information Online from competing Lenders

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Business Showcase: Company seeks to help keep people in homes - Record Searchlight
• Business name: Home Retention Services. • Owners : Chuck and Marian Pierce. • Services: This real-estate consulting specialist provides services to people who are struggling to keep their home. The focus is on home retention by acting as a go ...

Updated: Firefighters respond to fires near Redwood Blvd. - Record Searchlight
Neighbors from the Northpoint Apartments on Baywood Drive in Redding look over their fence at a fire burning in a greenbelt Saturday afternoon. Neighbors brought out one hose while another hose belonged to city of Redding firefighters. Kimberly Ross ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

Wild Card -- Weekend - Spokane Spokesman-Review
Only 3 more days until we get after it again in the new year. I hope you're enjoying yourselves as 2005 comes to an end. If you have some thoughts on the old year or resolutions for the new one, you can post it here. Or start your own thread. Or wait ...

Raining all over the WASL - Spokane Spokesman-Review
A bit of good news today: Spokane schools showed strong scores on the WASL , which was pitched for Page One as relief from the hurricane news. However, we couldn't put it above the hurricane on the page, and didn't want to bury it at the bottom, so ...

Start-ups fatten up: Venture capital spigot flows freely in Q3 - Silicon Valley
With investments in the emerging "clean tech" industry continuing to soar, Silicon Valley companies received more than $2.48 billion in venture capital in the third quarter of 2007 - a sign that the valley's entrepreneurial culture is thriving ...

Bank of Commerce Holdings(TM) Reports Income of $6.1 Million for 2007 - Yahoo Finance
REDDING, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Bank of Commerce Holdings (Nasdaq: BOCH - News ), a $618.3 million asset financial holding company, and parent company of Redding Bank of Commerce(TM), Roseville Bank of Commerce(TM), Sutter Bank of ...

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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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