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News about Mortgages:
Fannie Mae, Freddie Mac fall on Barron's curtain call - MSN MoneyCentralFannie Mae and Freddie Mac shares reached their lowest levels in almost two decades Monday after a Barron's report said it is increasingly likely the government will have to bail out the mortgage giants. "It may be curtains soon for the management ...
Citi's Top Mortgage Trader to Join Merrill - Street.ComLead mortgage trader Jim De Mare has left Citigroup C to join Merrill Lynch MER , according to sources at Citigroup and another firm. De Mare is the second senior mortgage trading executive Merrill has recruited in recent weeks. Mike Nierenberg, a ...
U.S. 30-year mortgage rates fall in latest week - ReutersWASHINGTON (Reuters) - U.S. 30-year mortgage rates fell slightly in the latest week, according to a survey released on Thursday by home funding company Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ). U.S. 30-year mortgage rates dipped ...
Fannie Mae, Freddie Mac stock prices stabilize - Houston ChronicleWASHINGTON — Shares of troubled mortgage finance companies Fannie Mae and Freddie Mac stabilized today in late morning trading, reversing three days of double-digit declines. Shares of the two companies — which together hold or guarantee half the ...
UPDATE 1-Friedman reinitiates Wachovia with underperform - ReutersAug 21 (Reuters) - Friedman Billings Ramsey reinitiated coverage of Wachovia Corp (WB.N: Quote , Profile , Research , Stock Buzz ) with an "underperform" rating and a $12 price target, saying higher credit costs will hurt the bank's earnings over the ...
Fixed mortgage rates dip over past week - Eyewitness NewsMCLEAN, Va. (AP) - Mortgage interest rates have eased a bit over the past week. Finance giant Freddie Mac says the average for 30-year fixed-rate mortgages stands at 6.47 percent, down from last week's average of 6.52 percent. The average for a 15 ...
Treasurys slip after jobless data, oil price jump - Miami HeraldNEW YORK Treasury prices fell modestly Thursday, giving up some of their recent gains as the Labor Department reported a larger-than-expected decline in claims for unemployment benefits. A surge in oil prices to more than $122 a barrel also gave ...
U.S. mortgage rates fall in Freddie Mac survey - MarketwatchFive-year Treasury-indexed hybrid adjustable-rate mortgages averaged 5.99%, down from last week's 6.02% average. The ARM averaged 6.34% a year ago. One-year Treasury-indexed ARMs averaged 5.29%, down from 5.18% last week. The ARM averaged 5.60% a ...
Stocks fluctuate on rising oil, financial worries - Los Angeles TimesNEW YORK -- Stocks fluctuated today as a surge in oil prices fanned investors' growing inflation concerns. But a rebound in shares of mortgage companies Fannie Mae and Freddie Mac and gains by energy companies helped stocks pull off their lows. Oil ...
E*Trade Carries High Risk-Reward - Street.ComBy Stockpickr Guest Columnist Faisal Laljee of StocksandBlogs.com E*Trade Financial ETFC has had its share of problems. A few years back, it was the biggest competitor to TD Ameritrade AMTD , and the stock traded together with the brokerage stocks ...

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Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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