Westport Mortgage Rates and Information Online from competing Lenders

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News about Mortgages:

Housing market continues to slump - Fairfield Minuteman
Real estate agents have felt a pulse in the ailing housing market recently that has some looking ahead to better times. But many don't expect any thawing until the spring-and that's probably the best case scenario. Todd Debek, owner of Debek Real ...

Here's a new way of looking at mortgages - Norwalk Hour
Here's a new way of looking at mortgages It's time we start looking at mortgages a new way. We need to stop thinking we can change the current mortgage mess by providing ever-increasing incentives to ...

Man shot at Louisville club - Louisville Courier-Journal
A casual joint that may become your friend BB bride blog FAITH & RELIGION MATTERS WHATSFRONT: code to game ticker Bellarmine proposes additional student housing 3 Louisville brothers arrested after Hoosier robbery, chase Floyd girl wounded by stray ...

Numbers don’t tell whole story of real estate market - Amity Observer
The days of the red-hot real estate market might be over, but Realtors in Fairfield and New Haven counties say the market is far from dead, despite continued slumping sales and the worsening recession. According to the Boston-based Warren Group ...

U.S. Stocks Gain on Obama Plan; Disney, Citigroup Shares Climb - Bloomberg
Jan. 6 (Bloomberg) -- U.S. stocks gained, recovering yesterday’s losses, on speculation President-elect Barack Obama ’s $775 billion package of tax cuts and government spending will revive the economy. Walt Disney Co., Hewlett-Packard Co. and ...

Stocks in U.S. Gain on Obama Stimulus Plan; Disney, Citigroup Shares ... - Bloomberg
Jan. 6 (Bloomberg) -- U.S. stocks gained, recovering yesterday’s losses, on speculation President-elect Barack Obama ’s $775 billion package of tax cuts and government spending will revive the economy. Walt Disney Co., Hewlett-Packard Co. and ...

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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