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U.S. plan for Fannie, Freddie to hit shareholders - ForbesWASHINGTON, Sept 6 (Reuters) - The U.S. government plans to take over Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. The move to take control of the two companies ...
After the Bell-Fannie, Freddie shares fall after WSJ report - ReutersNEW YORK, Sept 5 (Reuters) - Shares of mortgage finance companies Fannie Mae (FNM.N: Quote , Profile , Research , Stock Buzz ) and Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ) dropped in after-hours trade on Friday, on concerns any U ...
GSE Bailout Fuels Post-Bell Fires - ForbesA report that a Treasury Department backstop for the government-sponsored enterprises could be finalized in a matter of days has investors in store for a fretful weekend. But the news gave extended trading some juice on Wall Street Friday ...
Cashing out the nest egg - Minneapolis Star TribuneV ernie Anderson almost fell for the phone pitch. "Turn $30,000 into $90,000 with your own Web page," he was told. A reverse mortgage could get him the cash he needed to start an online business. But the local banker balked when Anderson asked for ...
Fannie Video Gallery - CNBCLet Fannie, Freddie Fail: J... Fannie Mae and Freddie Mac should not be saved if they go bankrupt, and economic stimulus packages do more harm to econo... News from Fannie and MBIA after the bell, with the Fast Money traders. SEC Chairman on Fannie ...
Dow, S&P end higher on financials, down for week - MSN MoneyCentralNEW YORK (Reuters) -The broader U.S. stock market edged higher on Friday, but still posted its worst week since May, as a rally in financial stocks helped reverse losses sparked by a government report showing the U.S. jobless rate rose to a five-year ...
Wall St set to slide at open on jobs data - Washington PostNEW YORK (Reuters) - Stocks headed for a lower open on Friday after a government report showed the U.S. labor market deteriorated further in August, pushing the unemployment rate to its highest in more than 4-1/2 years. The news of the unemployment ...
Fannie, Freddie shares fall after report of bailout - ReutersNEW YORK (Reuters) - Shares of mortgage finance companies Fannie Mae and Freddie Mac dropped in after-hours trade on Friday, on concerns any U.S. Treasury rescue plan could wipe out shareholder value. The Wall Street Journal reported after the ...
Ahead of the Bell: Unemployment seen rising - CNN MoneyNEW YORK (Associated Press) - Government data due out Friday is expected to show the economy lost jobs for the eighth month in a row and that the unemployment rate moved higher. Wary employers probably cut payrolls by around 75,000 in August, even ...
US STOCKS-Dow, S&P end higher on financials, down for week - Guardian UnlimitedFinancial shares rebounded in afternoon trading, amid hopes the U.S. Treasury would take steps over the weekend to rescue mortgage finance companies Fannie Mae and Freddie Mac.

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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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