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News about Mortgages:
Panhandle housing market avoids worst of slowdown - Star-HeraldThere is still plenty of money available for home loans, says one Scottsbluff mortgage official. But buyers have to qualify and find a home they’re able to afford. Platte Valley Mortgage Company Vice President Jim Zitterkopf of Scottsbluff said the ...
Payback's a bitch - SalonOct. 28, 2008 | If nothing else, Margaret Atwood has a gift for timing. Her 1986 futuristic dystopia, "The Handmaid's Tale," arrived at the precise cultural moment when theocracy was starting to look scarier than nuclear holocaust. And her latest ...
Housing market - New York Observerdavid shankbone via flickr. The Dakota recorded a $20.5 million deal in January, the most expensive of the year in zip code 10023 outside of the Time Warner Center and 15 Central Park West. The Manhattan zip code with the greatest number of home ...
2008 Financial Crisis - New York ObserverFrom The New York Times : "However dismal the outlook for Wall Street workers appeared at the end of the third quarter, the situation has gotten worse than most predictions. At the beginning of September, Moody’s Economy.com had predicted that 45 ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-ReviewOnly two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...
Prop. 8 boycott talk spreads to movies and more - Los Angeles Times BlogsThe boycott effort against businesses whose owners backed Proposition 8 appears to be picking up steam. Dozens of groups have sprouted up on Facebook.com urging its members to boycott businesses -- restaurants, jewelry stores, car-repair shops 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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