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Pace of mortgage aid by industry rose in July - MSN MoneyCentralCitigroup Inc ( C ) Stock Quote , Chart , News , Add to Watchlist WASHINGTON (AP) - The pace of the mortgage industry's efforts to assist troubled borrowers increased last month, an industry group said Wednesday. Hope Now, a group backed by the Bush ...
30-year mortgages fall to lowest level in 6 weeks - BusinessWeekRates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week, down from 6 ...
Struggling thrifts post steep losses - Miami HeraldWASHINGTON U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and ...
U.S. FHA to raise mortgage insurance premiums - ReutersWASHINGTON, Aug 27 (Reuters) - U.S. homeowners who turn to the federal government for help with their monthly mortgage payments will pay more for assistance under a policy meant to protect Washington from the costs of failing loans. The Federal ...
See today's average credit card rates across the country. - MSNBCWASHINGTON - Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dropped to 6.40 percent this week ...
Mortgage finance company Fannie Mae says 3 top executives leaving in ... - Chicago TribuneWASHINGTON (AP) _ Fannie Mae says three top executives are leaving as the mortgage finance company aims to cope with mounting losses from the mortgage crisis. Fannie Mae Chief Financial Officer Stephen Swad is leaving to "pursue other opportunities ...
Rise in Exports Drives 3.3 Percent GDP Growth - Washington PostU.S. economic growth accelerated from April to June as taxpayers spent their federal rebate checks and a weakened dollar boosted exports, the government reported yesterday. According to new data from the Commerce Department , gross domestic product ...
3 Executives Are Leaving Fannie Mae - Gainesville SunWASHINGTON (Reuters) — The mortgage finance giant Fannie Mae announced a management shake-up on Wednesday in an effort to come to grips with mounting credit losses and a shrinking capital base. The chief financial officer, Stephen M. Swad, was ...
Fees rise on government-backed loans - MSN MoneyCentralWASHINGTON (AP) - Borrowers who take out government-insured mortgages will have to pay higher fees under new rules announced this week. Effective Oct. 1, the Federal Housing Administration will raise its mortgage insurance fee to 1.75 percent for a ...
Fannie Mae replaces top execs, shares keep climbing - Seattle TimesWASHINGTON — Hoping to bolster investor confidence, Fannie Mae Chief Executive Officer Daniel Mudd has replaced three executives as the mortgage finance company aims to cope with mounting losses from the mortgage crisis. Fannie Mae Chief Financial ...

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Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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