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Fannie Mae, Freddie Mac Mortgage-Bond Yields Tumble (Update2) - Bloomberg
Dec. 4 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds fell as Treasury Secretary Henry Paulson considers a plan to push home-loan rates down to 4.5 percent to curb the yearlong U.S. recession. Yields on Washington ...

U.S. Treasury says eyeing several housing programs - FXStreet.com
CHICAGO, Dec 4 (Reuters) - Lowering U.S. mortgage rates through a program relying on Fannie Mae and Freddie Mac is just one of several options the U.S. Treasury is considering to support housing, a senior Treasury official said on Thursday. "We want ...

SEC Approves New Rules For Credit Rating Agency Oversight - All Headline News
Washington, DC (AHN) - The Securities and Exchange Commission on Wednesday approved new rules to increase transparency and prevent conflicts of interest at credit rating agencies. The move comes after the SEC performed a 10-month study of three major ...

GAO says Fed, Treasury have authority to rescue Big 3 - Bloggingstocks.com
The Government Accountability Office, Congress' investigative arm and watchdog, said the U.S. Federal Reserve and the U.S. Treasury have the authority to bail-out the Big Three automakers, marketwatch.com reported Thursday. Gene Dodaro, acting head ...

TransUnion: 3Q mortgage delinquencies shoot higher - Washington Post
NEW YORK -- The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of people ...

Frank: New rule on CEO pay,mortgage securitization ahead - Marketwatch
WASHINGTON (MarketWatch) - A key government legislator on Thursday outlined a broad agenda to hike regulations on securitized mortgage products, hedge funds and controls on executive compensation. House Financial Services Committee chairman Barney ...

Fannie Mae, Freddie Mac Mortgage-Bond Yields Tumble (Update2) - Bloomberg
Dec. 4 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds fell as Treasury Secretary Henry Paulson considers a plan to push home-loan rates down to 4.5 percent to curb the yearlong U.S. recession. Yields on Washington ...

Mortgage rates drop to lowest level since January - Miami Herald
WASHINGTON -- Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported Thursday that average rates ...

Fannie Mae, Freddie Mac Mortgage-Bond Yields Fall (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds fell as Treasury Secretary Henry Paulson considers a plan to push home-loan rates down to 4.5 percent. Yields on Washington-based Fannie’s current-coupon 30-year ...

CDOs a thing of the past; MBS market needs fix-Fed - Reuters
WASHINGTON, Dec 4 (Reuters) - The market for mortgage securities will return to health only once the contracts and disclosure of those investments are standardized, a senior Federal Reserve Board official said on Thursday. "I believe that markets for ...

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Today's Mortgage Terms starting with L

  • Lender: The bank, mortgage company or mortgage broker providing the loan.
  • Loan Application: A statement of personal and financial information needed to apply for a loan.
  • Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
  • Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
  • Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
  • Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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