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TREASURIES-Rise in Asia after Bernanke talks of Fed purchases - FXStreet.comTOKYO, Dec 2 (Reuters) - U.S. Treasuries edged up in Asia on Tuesday with benchmark yields trading near five-decade lows after Federal Reserve Chairman Ben Bernanke signaled that the central bank could buy government and agency bonds and spurred a ...
TABLE-UK Oct mortgage approvals fall 52 pct yy-BBA - ForbesCopyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Neither ...
UPDATE 1-E*Trade reassures jittery market on TARP funding - ForbesNEW YORK, Nov 25 (Reuters) - E*Trade Financial Corp , whose shares have been hit hard this year, repeated on Tuesday it is optimistic it will receive funds from the U.S. government's TARP program. The discount brokerage, whose mortgage business has ...
TABLE-HK October mortgage loan approvals fall 5.9 pct - CNBCHONG KONG, Nov 26 (Reuters) - New mortgage loans approved in Hong Kong in October fell 5.9 percent to HK$13.7 billion ($1.76 billion) from the previous month, according to Hong Kong Monetary Authority data released on Wednesday. Following is a ...
Gordon needs Gogo's or he'll be Gonegone - Times OnlineThere is a way out of this recession. It's one inch high, plastic and costs less than 30p. You flick it or throw it, it's called Mosh, Sato, Helly or Evolution One. It might be red or green and, on rare occasions, multicoloured. It lurks at the ...
DR Horton's quarterly earnings preview - RTT News(RTTNews) - Mounting pressures in the homebuilding market with increasing foreclosures, high inventory levels, tightening mortgage lending standards, and corroding consumer confidence are deepening its clutches on homebuilder DR Horton Inc.(DHI: News ...
Paulson pulling more tricks to bolster US economy - WTOP RadioWASHINGTON (AP) - With the economy showing further signs that it is headed into a steep swoon, Treasury Secretary Henry Paulson is pulling more tricks out of his bag to try bolster the country's battered financial sector. The administration and the ...
GLOBAL MARKETS-World stocks rise after Fed programme - CNBCBy Natsuko Waki LONDON, Nov 25 (Reuters) - World stocks rose more than one percent on Tuesday after the Federal Reserve unveiled a programme to buy mortgage and consumer-related securities in its latest attempt to support the U.S. financial system ...
As economic ills mount, US applies more medicine - PR InsideWASHINGTON (AP) - With the U.S. economy showing further signs that it is headed into a steep swoon, Treasury Secretary Henry Paulson is pulling more tricks out of his bag to try bolster the country's battered financial sector. The administration and ...
GDP, confidence numbers expected to show decline - San Francisco GateTuesday, November 25, 2008 Wall Street expects that economic activity contracted for the July-September quarter at a faster pace than the annual rate of 0.3 that the Commerce Department initially reported last month. Gross domestic product likely ...
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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