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News about Mortgages:
GMAC closes offices in Waterloo, Cedar Falls - Chicago TribuneWATERLOO, Iowa - Lender GMAC has closed its retail offices in Cedar Falls and Waterloo, eliminating 27 jobs. The cuts are part of a nationwide reduction for the company, which is eliminating about 3,000 jobs across the country. The Waterloo and Cedar ...
GMAC closes offices in Waterloo, Cedar Falls - Chicago TribuneWATERLOO, Iowa - Lender GMAC has closed its retail offices in Cedar Falls and Waterloo, eliminating 27 jobs. The cuts are part of a nationwide reduction for the company, which is eliminating about 3,000 jobs across the country. The Waterloo and Cedar ...
GMAC closes offices in Cedar Falls, Waterloo - Globe GazetteWATERLOO, Iowa (AP) — Lender GMAC has closed its retail offices in Cedar Falls and Waterloo, eliminating 27 jobs. The cuts are part of a nationwide reduction for the company, which is eliminating about 3,000 jobs across the country. The Waterloo ...
GMAC to cut 27 workers in Waterloo-Cedar Falls - Waterloo Cedar-Falls CourierWATERLOO — Lender GMAC is cutting back, and it’s going to cost 27 employees in Cedar Falls and Waterloo their jobs. GM AC, which announced Wednesday it was cutting 3,000 workers — about 25 percent of its work force — from its Minneapolis ...
GMAC cuts leave 27 without work - Waterloo Cedar-Falls CourierWATERLOO --- Lender GMAC is streamlining its mortgage operations, and it is going to cost 27 employees their jobs in Waterloo and Cedar Falls. The Pennsylvania-based lender, which announced Wednesday it was cutting 3,000 workers --- about 25 percent ...
Slumping residential sales blamed - WOWTLender GMAC is eliminating about 3,000 jobs nationwide, including more than three-dozen positions in Iowa. GMAC has closed its retail offices in Cedar Falls and Waterloo, eliminating 27 jobs. Those offices closed on Friday. Company spokeswoman ...
Turning Disabilities into Abilities - KWWLUniversity of Northern Iowa students got the chance to hang out with the president Thursday in the third annual "Bash with Ben". Polls are one way to gauge where the presidential candidates stand with voters, but another way is their value in the ...
Tour of homes a bright spot in downturn - SpectrumCEDAR CITY - This week the 14th Annual Iron County Festival of Homes - formerly known as the Iron County Parade of Homes - features 15 extraordinary custom homes and the fire safety house of the Cedar City Fire Department. All are the result of the ...
Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids GazetteBill Wharton of Cedar Rapids removes the front porch roof from his mother Dorothy Wharton's house while volunteers from Hands On Disaster Response work inside last Tuesday at 1513 Fourth St.
SATURDAY MAGAZINE - Permits and Transfers - Daily News-RecordLumax LLC to Thomas M. and Wendy E. Oskinkosky Jr., lot in northeast section of the city, adjoining the Jewish Cemetery, $165,000. Aug. 21 Heritage Estates LLC to Thomas W. and Sherry R. Hester, 1782 Sherry Lane, $515,726. Gregory Allen Love to Alan ...

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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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