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News about Mortgages:
PG mortgage fraud unit targets lawyers, loan officers - HometownAnnapolis.comUPPER MARLBORO, Md. — The Prince George's County State's Attorney's Office hopes to send a message to potential perpetrators of mortgage fraud: "Not in this county." Operating since September, the office's new Mortgage and Foreclosure Division is ...
We Are All Subprime Now, R.I.P. - The Washington Independent.comFinancial bloggers are in mourning today for Tanta, at Calculated Risk, who died on Sunday in Columbus, Ohio. As the tributes to her throughout the blogosphere make clear, her analysis of the mortgage crisis was closely followed and influential. She ...
November 2008 - Weblogs.baltimoresun.comReader Dave sends this nice letter to Obama's change.gov Web site, a propos of Saturday's column on layoffs. Dear President-elect Obama, Normally, I do not comment or send letters to elected officials, but since we are all looking for positive change ...
Foreclosure forum aims to help struggling homeowners - Maryland Daily RecordLANDOVER — For the past few months, 44-year-old Ninotchka Jones of Upper Marlboro has not been able to pay her mortgage on time, and a few days ago, she received a foreclosure notice. Jones, an owner of a small catering company, said business has ...
Briefing sheds light on mortgage fraud - SentinelExpanding their outreach to elected leaders and the housing industry, the Mortgage Foreclosure Fraud Division in the Prince George's County State's Attorney's office conducted back-to-back briefings to members of Maryland's congressional delegation ...
Officers are 'the enforcers' at the final step of foreclosure ... - GazetteDeputy Alvin Lide of the Prince George's County Sheriff's Department stands guard Oct. 31 in front of an Upper Marlboro home in the process of an eviction. Prince George's County Sheriff's Deputy Alvin Lide and Cpl. Derrick Dillard drive up to a ...
Motorcycle ride nets $55K to house vet - ExaminerClose to 800 big-hearted bikers came together on a chilly fall day to raise money for Western Monmouth Habitat for Humanity's ninth annual Ride for Affordable Housing. Bikers from New Jersey, New York, Pennsylvania and Delaware gathered at AMC/Loews ...
Video Games: The Way Wii Were - Baltimore City PaperBy cuisine Afghan African American Argentine Asian Bangladeshi Barbeque Bistro Brazilian Breakfast Brewpub Burgers Café Cajun Cal-Mex California Cantonese Caribbean Chinese Coffee shop Contemporary Continental Crab House Creole Cuban Danish Deli ...
Obama visits SSU - Ironton OnlineSupports for Barack Obama raise campaign signs in the air as they wait for Thursday evenings event to begin on the campus of Shawnee State University. PORTSMOUTH — He’s 9 years old now. So it will be another nine years before Clay Willis gets to ...
The Daily Dose - Sporting NewsFirst off, great comments on the last post . . . I love it when you guys ping-pong with wonderfully intelligent commentary. Thanks!!! In keeping with the quarterback theme let’s adopt a conversation on injuries. I know there are different ...
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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