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News about Mortgages:
Financial News
Backing Mortgages: Will It Work? - CNBC
Discussing whether the Fed's new move to buy mortgage-backed securities will help save the housing market, with Alan Blinder, former Fed vic... Bailey on Mortgages Cleaning up the mess in loan origination, with Steve Bailey, Countrywide/Bank of ...

Commercial Property Bonds May Offer Upside - CNBC
Commercial real estate—like its much bigger residential cousin—is starting to get hammered by the credit crisis and slumping economy. But for investors, the news isn't all bad. Regional banks and some real estate investment trusts, or REITs, are ...

Matter Of Records: December 1 - Wichita Falls Times Record News
Kell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...

Bruins add to strong month, beat Islanders 7-2 - FOX News
BOSTON — Blake Wheeler and David Krejci set up each other for scores 10 seconds apart in Boston's five-goal third period to help the Bruins pull away for their 10th win in 12 games, a 7-2 victory over the New York Islanders on Friday afternoon ...

PROPERTY TRANSFERS: Oct. 20- 25, 2008 - Glasgow Daily Times
Family Tradition Housing LLC, Lot 21 of Bent Creek to Shelly D. Thomas and Paul D. Williams, $78. Ken and Mitzy Ford, .578 acres, Lot 56, on Megan Lane to Matt and Becky Wheeler, $20. Sherry Isenberg, Lots 35, 36 and 37, Blk. C. of John Lewis ...

Federal Reserve plans additional steps to unfreeze credit markets - Monsters and Critics
Washington - The Federal Reserve took two new steps to unfreeze credit for homebuyers, consumers and small businesses Tuesday, committing up to 800 billion dollars in government-backed debt and loans. Members of the Obama Administration economics ...

Unhand that economy, villein! - Meganmcardle.theatlantic.com
I've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...

Astonishing parallels between now and 1933 - Lodi News-Sentinel
There are astonishing parallels between the perils we face today and the perils the nation faced when Franklin D. Roosevelt came to office in 1933. His first action was to deliver a nearly immortal inaugural speech. This is the gist of what FDR said ...

Open Thread - News Busters
For general discussion and debate. Possible talking point: Thanksgiving Eve. With the economy and stocks in the dumps, and socialism on the march, what are you thankful for, and what are you thinking on the Eve of the holiday season kicking off? Are ...

UBS, Hit by Mortgage Risk, Sees Hard Year Ahead  - CNBC
Shares in the bank, which declined to say if it would return to profit in early 2008, closed 8.3 percent lower. "This will raise concerns about further major writedowns in 2008," said Bear Stearns analyst Chris Wheeler in a note. UBS said on Thursday ...

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.
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