Cook Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Falling house prices helping some Whatcom County residents buy homes - Bellingham HeraldAs a global economic storm dominates financial headlines, some Whatcom County residents are still finding affordable ways to borrow money and buy homes as prices moderate. "People who were priced out of the market six months to a year ago are now ...
City, county leaders look to bring Philly foreclosure program to ... - Chicago DefenderA new foreclosure program in Philadelphia has been so successful there that Cook County Clerk of the Circuit Court Dorothy Brown said the county should duplicate to slow the rash of foreclosures here. Brown and other elected officials joined Action ...
Tallian eyes mortgage bill - Post-TribuneA local legislator is taking aim at the mortgage crisis with a bill she hopes will give Indiana homeowners the tools to keep their homes. State Sen. Karen Tallian, D-Portage, is working on legislation to help people having trouble with monthly ...
Chadwick: Israel Shows Negative Side Of Globalization - CNBCFor Americans traveling in Israel at Thanksgiving time, as I am this year, they are in for a special treat, because hotels and restaurants offer turkey dinner with all the fixings, something that happens in few other foreign cities. And the Israelis ...
Stock market report: Monday close - This is MoneyShares went into a nose-dive on both sides of the Atlantic this afternoon as investors continued to fret over the economic slump and banking crisis. On Wall Street, the Dow tumbled 346.31 points to 8482.73 on the back of a bigger-than-expected drop ...
Habitat couple thankful mortgage paid - Lexington Herald-LeaderErnest and Angela Turner have something many of us would love to have, not just on this day of giving thanks, but any day of the year. No, it's not love of family or joy or peace of mind, although they do have and cherish those things. Charles ...
Besheer and Wolfe: Financial planning for the future - SaratogianAs we wind down 2008, many people continue spending more than they earn, credit has tightened, home equity has fallen. Now is a good time to make changes to secure your credit rating and your financial future. The following suggestions could make the ...
Cover Story: Shortfall Season at CNBC - Broadcasting CableVIDEO: See the CNBC "I am..." promo spots for Maria Bartiromo, Charlie Gasparino and Joe Kernen below . Erin Burnett is obsessed with Art Hogan's bottom. Hogan, the market analyst at investment advisor Jefferies & Co., often appears on CNBC's Squawk ...
Stroger's scare tactics - Chicago TribuneIn February the Cook County Board imposed a full-percentage-point sales-tax increase on citizens and the stressed businesses that employ many of them. You remember: Board President Todd Stroger , who had promised to cut thousands of county jobs ...
State amends disaster aid rules to help homeowners - KTIVSIOUX CITY, Iowa (KTIV) - As long as you have plenty of time to cook it, you can throw that turkey in the oven frozen. CEDAR RAPIDS, Iowa (AP) - The state has amended federal disaster aid rules to speed up the process of helping homeowners. The ...
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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