Camden Mortgage Rates and Information Online from competing Lenders

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Flipper delights in fixing houses - News-Democrat
CHARLOTTE, N.C. -- Elizabeth Keller loves houses, but she doesn't have a home. She and her husband are living in a spectacular house she built on Sterling Road in the Charlotte neighborhood of Myers Park. With five bedrooms, six baths, 5,700 square ...

Perk up: Economic gloom and doom isn't gloomier in NC - HamptonRoads.com
Local business leaders are looking for a silver lining in an otherwise gloomy economy, even though a new report shows 20,400 fewer jobs in North Carolina compared with a year ago, and even as the number of unemployed continues to rise. The jobless ...

Beasley Reece - CBS 3 Philadelphia
Former National Football League Player Beasley Reece became CBS 3's lead sports anchor in July, 1998.  Reece is a three-time Emmy award winner and has earned 12 Associated Press Awards. In addition to anchoring the station's weekday sportscasts and ...

For flipper, journey from project to plum is the highlight - News-Democrat
CHARLOTTE, N.C. -- Elizabeth Keller loves houses, but doesn't have a home. She and her husband are living in a spectacular house she built on Sterling Road in the Charlotte, N.C., neighborhood of Myers Park. With five bedrooms, six baths, 5,700 ...

Feeling Bairish? Why Sheila Bair Could Become Treasury's First Female ... - Economicnews
(CEP News) - There's growing support from a variety of sources for President-elect Barack Obama to appoint the Federal Deposit Insurance Corporation chairwoman Sheila Bair to succeed Henry Paulson as Secretary of the Treasury. Bair, a 54-year old ...

National briefs - Dubuque Telegraph Herald
SWAN LAKE, N.Y. -- A deer hunter has been charged with manslaughter after a bullet he fired killed a toddler inside her grandparents' Hudson Valley home, police said Monday. Edward Taibi, 45, of New York City, was being held without bail on a second ...

Princeton students, state prison inmates face off in chess challenge - Newark Star-Ledger
Thirty minutes before the final moves were made, the outcome was already certain. "It's over," whispered convicted killer Carl Gooding, grinning as he looked confidently over the remaining pieces on the chess board. The 41-year-old prison inmate had ...

New Jersey pension funds lost $23B so far this year - Newark Star-Ledger
New Jersey's pension fund has lost more than $23 billion this year, dropping to its lowest level since 2003 as a collapsing financial market battered its investments, a new state report shows. The latest losses -- nearly $9 billion in October, and ...

GRAPHIC: How $700 billion stacks up against other government bailouts ... - USA Today
They met. They argued. They wheeled and dealed. Now Congress has a tentative agreement on how to bail out the nation's financial system, and leaders are promising approval by midweek. If all goes well, U.S. taxpayers will pour billions into shaky ...

Predatory lending is an issue in N.J. - Philadelphia Inquirer
Soon after the New Jersey legislature passed a tough law aimed at controlling predatory lending, State Sens. John Adler (D., Camden) and Gerald Cardinale (R., Bergen) teamed up to sponsor a bill that weakened it. Adler and Cardinale said they were ...

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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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