Arthur Mortgage Rates and Information Online from competing Lenders

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Fla. Commission Approves Car Emissions Limits - WFTV
TALLAHASSEE, Fla. -- A state commission is giving its approval to toughen emissions standards for new cars sold in Florida. The Environmental Regulation Commission voted 6-1 on Tuesday to adopt California's emissions rules as a way of lowering ...

Fed Aid Sets Off a Rush to Refinance - Wall Street Journal
The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...

Column: We should pay heed to whistle-blowers - U-Wire.com
It's official: We are in a recession, according to data released Monday by the National Bureau of Economic Research. Upon hearing the dire news, I immediately thought of a YouTube video I came across a few weeks ago titled "Peter Schiff Was Right ...

Banks Can Now Reduce Carbon Emissions When Underwriting a Mortgage - CNW Group
Mortgage lenders across North America can now access high quality appraisers who also drive fuel-efficient vehicles >> TORONTO, Nov. 26 /CNW/ -- Solidifi Inc., a leading provider of collateral valuation and risk management services, has announced ...

Real-estate bargains in the mist - Seattle Times
It's being called a liquidation. A fire sale. A chance to "cash out the entire stock, wipe it off the books in less than an hour. " What's being sold... It's being called a liquidation. A fire sale. A chance to "cash out the entire stock, wipe it off ...

Area's lawmakers take oath of office - Woodland Daily Democrat
New senators, including 5th District Sen. Lois Wolk, center right, take the oath of office from Appeals Court Justice Arthur Scotland, during a swearing in ceremony at the Capitol in Sacramento on Monday. (Steve Yeater/The Associated Press ...

Entries for November 2008 - US News and World Report
No one can complain about Paul Volcker and Austan Goolsbee being part of this new Economic Recovery Board. Top notch folks. But who else is going to be part of it? Maybe it is time for some economic bipartisanship, yes? How about John Taylor, Greg ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Democrats' hands aren't clean, either - Bangor Daily News
Who got us into this painful economic crisis? Polls show that most Americans blame the Republicans more than the Democrats, and the evidence supports this view. But are the Democrats so innocent that they may fairly cast the proverbial first stone ...

These blue-blooded chumps are laughing at us - OpEdNews.com
Paulson is only the latest of the foxes guarding the henhouse. Harvey Pitt was Bush's initial SEC chairman. What did he do that was noteworthy? He pushed for the exact same accounting deregulations that Arthur Andersen and Enron used with their ...

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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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