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Fannie, Freddie shares keep falling - Miami Herald
WASHINGTON Shares of troubled mortgage finance companies Fannie Mae and Freddie Mac continued their freefall Thursday, as market expectations grew that the government would intervene and eliminate common stockholders' investment. Shares of the two ...

Arizona State Credit Union and FirstClose(TM) Announce Technology ... - Forbes
Arizona State Credit Union and First Close, a service of First Lenders Data, Inc., announced today that they have developed a business relationship where Arizona State Credit Union will access multiple mortgage settlement services through a ...

Twinkies, Wonder Bread maker may have to liquidate - New York Daily News
KANSAS CITY , Mo.  - The International Brotherhood of Teamsters says lenders are holding up a potential plan for helping Interstate Bakeries Corp. exit almost four years of bankruptcy protection, endangering thousands of jobs. In a news release ...

Family First Federal Credit Union Enhances Its Management Team - Businesswire.com
OREM, Utah--( BUSINESS WIRE )--Family First Federal Credit Union today announced two additions to its management team. Todd Hatfield has joined the credit union as assistant vice president, mortgage development and Cindy Kelly has been appointed to ...

Dare co-defendant gets nine months in fraud scheme - Times Union
ALBANY -- A Glenmont businessman who conspired to commit an elaborate real estate scheme with Aaron R. Dare, the former head of Albany's defunct Urban League, was sentenced this morning to nine months in federal prison. Berne A. Watkins, 71, a real ...

Credit unions are safer than you think - Dallas Morning News
On the same day last week that my column about deposit insurance at credit unions ran, The Wall Street Journal had a front-page story on the troubles that corporate credit unions are having with mortgage-related securities. The headline – "Mortgage ...

Union Homes REIT to provide consistent dividend yield - Businessday Online
T he ongoing Union Homes hybrid Real Estate Investment Trust (REIT) has been structured to create a portfolio balance through consistent dividend yields across market cycles according to the lead issuing house. The managing director of Goldman Assets ...

Hurdles Persist in UAE Mortgage Market - MENAFN
(MENAFN Press) An increasing number of property buyers are growing frustrated by the delays often associated with securing a mortgage in the UAE, as the lack of a developed credit bureau continues to slow down application approvals. Their concerns ...

Teamsters Call on Banks to Secure Interstate Bakery Jobs - Forbes
WASHINGTON, Aug. 18 /PRNewswire-USNewswire/ -- The Teamsters Union today called on the secured creditors of bankrupt Interstate Bakeries Corp (IBC), led by hedge fund Monarch Alternative Capital and JPMorgan, to work with investor Ripplewood Holdings ...

UnionBanCal accepts higher Mitsubishi UFJ offer - Los Angeles Times
UnionBanCal Corp., California's second-largest bank, agreed to sell its remaining shares to Mitsubishi UFJ Financial Group Inc. for an increased bid of $3.5 billion. The $73.50 a share offer by Japan's largest bank for the 35 percent of UnionBanCal ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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