Washington Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Fannie Mae, Freddie Mac halting foreclosures - ForbesMortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9, while they ...
Bush signs jobless benefits extension - Guardian UnlimitedAssociated Press Writer= WASHINGTON (AP) - With no end in sight to economic bad news, President George W. Bush on Friday ensured that millions of laid-off workers will keep getting their unemployment checks as the year-end holidays approach. Bush ...
Fannie, Freddie suspend foreclosures over holidays - Detroit NewsWASHINGTON -- Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday they will halt foreclosure sales between Thanksgiving and Jan. 9 ...
U.S. mortgage rates fall for second week - The Money TimesWashington -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly in the last week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 6.14 percent with an average 0.7 points in the week ...
Alaska Pacific Bank struggles with losses - Juneau EmpireAlaska Pacific Bank is facing big losses, mostly in troubled housing markets, and has suspended its dividend to conserve cash. Alaska Pacific Bancshares, the Juneau-based parent corporation of Alaska Pacific Bank, reported a loss of $672,000 for the ...
Mortgage rates drop again - HometownAnnapolis.comWASHINGTON, D.C. (AP) - Mortgage rates dropped for a second consecutive week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages ...
Citigroup Pays for a Rush to Risk - Blueridgenow.comA Financial Supermarket Exposure to obscure mortgage instruments from Citigroup’s trading operations has taken a severe toll on the company, which provides financial services ranging from retail banking to advising companies on mergers. “Our job ...
Obama picks point men for crisis fight back - Yahoo NewsWASHINGTON/LIMA (Reuters) – President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers , to spearhead the fight against the global financial crisis -- appointments which should bring some cheer to ...
TOPWRAP 1-Obama picks point men for crisis fight back - ForbesWASHINGTON/LIMA, Nov 23 (Reuters) - U.S. President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis -- appointments which should bring some ...
ALL BUSINESS: Investors hold up mortgage changes - TrentonianNEW YORK (AP) - The federal government keeps bailing out the financial industry, but some working in that world seem reluctant to do their part, even if that could help stem the financial system's meltdown. At the center of today's economic and ...
Today's Mortgage Terms starting with U
Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
URLA: Uniform residential loan application.
Usury: Interest charged in excess of the legal rate as established by law.
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