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News about Mortgages:
Mortgage freeze hard on self-employed - Rocky Mountain NewsThe government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw ...
Self-Employed Are Frozen Out of Mortgages - Wall Street JournalThe government's recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people -- even those with pristine credit -- the mortgage freeze has yet to thaw. A ...
Reader's View - SaratogianNo comments posted. As we begin the holiday season, I commend my colleagues on the City Council for putting the taxpayer at the top of our list of concerns, by adopting this week the 2009 budget with no tax increase — zero. In the difficult ...
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 ...
Bargains lure reluctant shoppers, at least for a day - Salt Lake TribuneWith retailers in Utah and nationally discounting merchandise 70 percent or more, Black Friday shoppers hesitant about the economy found the bargains they were looking for, though many said they would continue to be more cautious in the days ahead ...
From small town to boom town - Austin American-StatesmanAt least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander. In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and ...
Drivers pumped for low prices - Post-StarFor the first time in more than two years, gas is selling at some local stations for less than $2 a gallon. Remember what that was like? Many customers pulling up to the pumps at the Citgo on Route 9 in Moreau, where regular unleaded was selling for ...
Odds And Ends - New York Daily NewsBarack Obama named the director of the Congressional Budget Office, Peter Orszag, to be his budget director. Obama is limiting his inaugural donations. (Get more information here ). A congressional panel will consider the question : Was Eliot Spitzer ...
Financial Services - PR.comSpecializing in commercial equipment financing and leasing, Cooperative Capital is a one stop shop for all of your equipment financing needs. ... Compare credit card offers by using Creditor Web's simple credit card search. We are here to provide you ...
Boom times over for arrested developer - Daily GazetteSARATOGA SPRINGS — Five years ago, James McLagan seemed poised to cash in on the booming new-housing market for Saratoga Springs’ upper middle class. His work had been featured on the cover of a national magazine. One of his houses was in 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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