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News about Mortgages:
General Growth gets loan extension - Pacific Business NewsGeneral Growth Properties Inc. has received a two-week extension on $900 million in mortgage loans that came due Nov. 28. The company says it is seeking a longer-term extension. In mid-November, General Growth said it might seek bankruptcy protection ...
General Growth Properties gets loan extension - Triangle Business JournalGeneral Growth Properties Inc. , which owns The Streets at Southpoint mall in Durham, has received a two-week extension on $900 million in mortgage loans that came due on Nov. 29. The company says it is seeking a longer extension. In mid November ...
Choose Another City: - Birmingham Business JournalKarazy Mortgage Trust articles from the South Florida Business Journal
Downturn hits Dubai's building bonanza - Guardian UnlimitedDubai 's multibillion-dollar building boom is grinding to a halt, with some of the Gulf emirate's most ambitious construction projects put under review as the global economic crisis hits home. Meraas, a government-owned developer, confirmed yesterday ...
Four Seasons' parent company gets two-week reprieve - Greensboro News & RecordCHICAGO (AP) — General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The ...
Not Even Money Saves You From Foreclosure - Consumerist.comEric lost his home to foreclosure, but unlike other homeowners, he had actually been trying for the past month-and-a-half to buy it back from the mortgage company for more than the mortgage. The law firm that was handling it, however, wanted an extra ...
Dukes up: No. 7 Blue Devils top Duquesne 95-72 - FOX NewsDURHAM, N.C. — Lance Thomas scored a career-high 21 points to help No. 7 Duke rout Duquesne 95-72 on Friday. Thomas, the first big man off coach Mike Krzyzewski's deep bench, had 12 of his points in the decisive first half and made all eight of his ...
Gorcyca's escape full of irony - Detroit Free PressMichigan lawyers, like attorneys elsewhere, are largely responsible for policing their own ethical conduct. And if you recall what a resounding success such incestuous self-regulation has been in other industries -- mortgage lending and investment ...
Career Moves - Raleigh News & ObserverStory Tools Donald R. "Don" Edwards has been named project manager at Southern Industrial Constructors/Southern Crane, industrial contractors in Raleigh. Jason Newton, a partner with Yates, McLamb and Weyher law firm in Raleigh, was elected treasurer ...
Horror invades happy home - CNEWSOSHAWA -- The townhouse was supposed to be the start of their dreams -- not the site of their worst nightmare. Rick and Leslie Kelly had moved to the southern Oshawa townhouse along Glen St. this year, figuring that buying was better than paying ...
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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