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News about Mortgages:
Mortgage rates rise across the board - Los Angeles TimesRates on 30-year fixed-rate mortgages averaged 6.46% this week, up from 5.94% last week, mortgage company Freddie Mac said. Average rates on 15-year fixed-rate mortgages, which are popular with people who are refinancing, rose to 6.14% from 5.63 ...
At least 9 killed by suicide car bomb in Iraq - CNNBAGHDAD, Iraq (CNN) -- A suicide car bombing near a car dealership killed 11 Iraqis and wounded 36 in the northern city of Tal Afar, the Interior Ministry said Saturday. Iraqis pass blown-up vehicles after a roadside bomb went off as police drove ...
Fallon pilot killed in Iraq - Las Vegas SunArmy Chief Warrant Officer Christian P. Humphreys of Fallon died Saturday when his OH-58 Kiowa helicopter crashed while on a mission over Mosul in Iraq. The U.S. Department of Defense announced Monday that the 28-year-old Humphreys was assigned to ...
Indiana National Guard to employ 22 at new Gary facility - NWITimes.comThe Indiana National Guard plans to dedicate its new $18.7 million Army Aviation Support Facility Friday in Gary. Governor Mitch Daniels, Senator Evan Bayh (D-IN) and Congressman Pete Visclosky (D-01) will attend the ribbon cutting. The facility will ...
Matter of Record, November 3 - Wichita Falls Times Record NewsGeologistics vs. Lavatec Inc., 5000 Central Frwy., $12,559.21, V3301 P336. Great Seneca Financial Corp. vs. Tommy Gould, 1521 Glenhaven, $11,126.67, V3301 P398. HSBC Bank Nevada vs. Sandra Ross, 2904 S. Bandera Dr., $4,659.20, V3301 P440. Debbie Cox ...
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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