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News about Mortgages:
Asian markets edge higher - KPLC TVSEOUL, South Korea (AP) - Stocks have closed mostly higher in Asia despite worries about the global economy. But the gains were muted compared to Wall Street's rise on Tuesday. Japan's Nikkei index was up 1.8%. Indexes in Hong Kong, China, Australia ...
Mortgage Video Gallery - CNBCOne possible silver lining of the housing crisis is a big drop for mortgage rates. Dan Gilbert, chairman of Quicken Loan... UK Banks Feel Repossession ... UK banks are being lenient on mortgage defaults because repossessions cost the banks an ...
US mortgage applications surge largest amount on record-MBA - ReutersNEW YORK, Dec 3 (Reuters) - U.S. mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on ...
RPT-US mortgage applications surge by record amount - ForbesNEW YORK, Dec 3 (Reuters) - U.S. mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on ...
Mortgage applications surge by record amount - Washington PostResize NEW YORK (Reuters) - Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday ...
Most Brazilian Stocks Fall on Tim, Metals Outlook; Bolsa Gains - BloombergDec. 3 (Bloomberg) -- Most Brazilian stocks fell as analysts forecast commodities demand will drop next year because of the slumping global economy and Tim Participacoes SA plunged after its parent said the mobile operator wasn’t for sale. Tim ...
TransUnion: 3Q mortgage delinquencies shoot higher - Hattiesburg AmericanNEW 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 ...
U.S. mortgage delinquencies continue to increase; Arizona’s rate is ... - Phoenix Business JournalNew research shows a growing number of people are falling behind on their mortgage payments, and Arizonans are among the leaders. Credit reporting agency TransUnion LLC found 3.96 percent of people holding a mortgage were at least 60 days behind in ...
Mortgage Delinquencies Up in 3rd Quarter - KFYR-TVA credit reporting agency says the percentage of people who are two months behind on their mortgages was up in the third quarter from the same period last year. TransUnion LLC says nearly 4 percent of the people holding a mortgage were at least 60 ...
Mortgage Rates Drop to Lowest Level This Year - Earthtimes30-Year Rate Now at 5.32%, According to Zillow (R) Mortgage Rate Monitor SEATTLE , Dec. 2 /PRNewswire/ -- Mortgage rates fell dramatically last week, due to the government's decision to purchase mortgage-backed securities. Rates for 30-year fixed ...
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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