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News about Mortgages:
NEWS BRIEFS - Columbus DispatchRates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported yesterday that average rates on 30-year ...
Semanko in arrears on mortgage - Idaho StatesmanIdaho Republican Chairman and Eagle City Councilman Norm Semanko says he has made arrangements to pay off a delinquent mortgage. A legal notice announcing a March 13 trustee's sale of Semanko's home appeared in the Statesman last week and is being ...
Maximum Risk Didn’t Hurt These Investors: Jane Bryant Quinn - BloombergDec. 3 (Bloomberg) -- A popular variable annuity -- the one with guaranteed “living benefits” -- may be the riskiest product ever sold by the insurance industry. Risky to the health of the insurance carriers, that is. The guarantees are costing ...
Vianova weathers financial crisis - Financial StandardSavvy fixed income managers such as Vianova have emerged victorious in the bear market as their minimal sub-prime exposure and backing of bonds pay off, according to Australian Unity Investments. Investors who liquidated assets to protect income by ...
One of three candidates to fill Cutler's shoes - SpectrumCEDAR CITY - One of three Republican candidates will go before the Iron County Commission on Monday for an appointment to fill the vacancy of retiring Iron County recorder, Patsy T. Cutler. Steve Bryant, Mark Her-som and Debbie Johnson were the three ...
Saline not feeling full brunt now - Benton CourierEconomic news is grim nationwide, but Saline County seems to be following the statewide trend by being somewhat insulated from the economic woes. “It depends on the sector you’re in,” state Sen. Shane Broadway, D-Bryant, said. “The retail and ...
The Year That Was... - CNBCBear Stearns. Lehman Brothers. Merrill Lynch. AIG. The dominoes fall, as the credit crunch drives a major reconfiguration of the Wall Street landscape. After months of speculation, the government seizes control of the two mortgage finance giants in ...
Obama Transition Releases Private Donor List - Wall Street JournalT.W. Farnam reports on politics. President-elect Barack Obama ’s transition office has released a list of private donors who have contributed $1.2 million to supplement public funding for the office. The list, which covers through Nov. 15 and will ...
BUSINESS LICENSES CHESTERFIELD - Richmond Times-DispatchThe following are recently issued business licenses in Chesterfield County. All Clean Plus (personal service); licensee same, 9002 Highgate Hill Drive, Chesterfield 23832-2493. R. Bell General Contracting (contractor); licensee Russell L. Bell, 4508 ...
US sports history on display at new L.A. museum - Morris Daily HeraldLOS ANGELES (AP) - When Gary Cypres' sports memorabilia collection reached 10,000 pieces and threatened to overflow their house, his wife told him to get it out. The man who made his money in the finance, mortgage and travel agency businesses did ...
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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