Earth City Mortgage Rates and Information Online from competing Lenders

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Bank of England looks at injecting cash - International Herald Tribune
LONDON : The Bank of England is working on radical plans to inject cash directly into the economy as a last resort to reverse a slide into recession, a newspaper reported on Friday. The unsourced report in The Daily Telegraph came after the Bank of ...

Great Wolf Resorts, Inc. Provides Update on Status of Extension of ... - Earthtimes
Author : Great Wolf Resorts, Inc. MADISON, Wis. , Nov. 28 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (Nasdaq: WOLF), North America's leading family of indoor waterpark resorts, today announced the company remains in discussions with its ...

Broadway Federal Bank Sponsors Grant Recipient Legal Support Institute - Earthtimes
LOS ANGELES - (Business Wire) Legal Support Institute of Resources Advancing Family Transitions (RAFT) has received a $25,000 Access to Housing and Economic Assistance for Development (AHEAD) grant from the Federal Home Loan Bank of San Francisco ...

It's 2 good to be true - The Sun
THE Bank of England is moving heaven and earth to lift spirits. But what happens if interest rates fall to zero? Will homeowners on discounted tracker deals — set below the base rate — get money back? There is nothing else for it but to save when ...

New Mortgage Crisis Looms - Time
That pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ratings Ltd., which evaluates companies' credit. "We're probably in the first inning of ...

More mortgage woes loom - Reno Gazette
WASHINGTON -- The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis -- one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full ...

Full mortgage meltdown looms - Bennington Banner
WASHINGTON (AP) — The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins ...

Brace for a new mortgage crisis - Cincinnati.com
WASHINGTON - The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full ...

Newest Mortgage Crisis Victims: Malls, Hotels - Huffingtonpost.com
WASHINGTON — The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis _ one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full ...

Economic Meltdown Far From Over, New Mortgage Crisis Looms - FOX News
WASHINGTON — Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

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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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