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WA state to revoke license of CA mortgage company - OregonianOLYMPIA -- Washington state plans to revoke the license of a California mortgage broker. The state Department of Financial Institutions says an investigation has found Paramount Equity Mortgage, Inc. engaged in deceptive lending practices. In a ...
Cascade Bancorp (Oregon) Announces Second Quarter 2008 Net Income... - MSN MoneyCentral- Second Quarter Earnings Per Share: at $0.01 with net income at $0.2 million. BEND, Ore. , July 24 /PRNewswire-FirstCall/ -- Cascade Bancorp ("Cascade") CACB reported second quarter 2008 Diluted Earnings Per Share (EPS-diluted) at $0.01 per share ...
300 Oregon National Guardsmen to be trained to fight forest fires - Seattle Post IntelligencerPORTLAND -- The Oregon National Guard plans to activate more than 300 Guard members for forest fire training at three sites in Oregon so they can be used if needed to back up regular contract crews. "We've seen very active fire seasons for our ...
Oregon says plan for dams lacks salmon protection - Seattle Post IntelligencerSALEM, Ore. -- Oregon filed a supplemental complaint Tuesday against the latest federal proposal for operating Columbia and Snake river dams, seeking withdrawal of a plan submitted in May by Columbia River tribes and the Bonneville Power ...
Jobless claims jump as housing market gets weaker - Miami HeraldWASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...
Intermountain Community Bancorp (IMCB) Announces Second Quarter ... - CNBCSANDPOINT, Idaho, Jul 24, 2008 (BUSINESS WIRE) -- Intermountain Community Bancorp (OTCBB:IMCB), the holding company for Panhandle State Bank, the largest locally owned state bank in Idaho, announced earnings for the second quarter of 2008 today. Net ...
Housing bill won't solve market's problems - Miami HeraldWASHINGTON Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. The bill was widely praised by ...
Consumer Goods Industries - Orlando SentinelChildhood obesity rates skyrocketed under more than 30 years of food industry self-regulation. They are now shockingly high. Under mounting pressure from public health advocacy groups, the food industry has spearheaded several high-profile ...
Edwards: The Agony of the MSM - SlateNibbling at the edges of the MSM: Imus laments that the Edwards L.C. story is "starting to become news." ... And there's always the late-night comics' rabbithhole into public consciousness . ... But the MSM wants photos Dallas Morning News' Rod ...
Columbia Bancorp Releases Second Quarter Financial Results, Announces ... - CNBCTHE DALLES, Ore., July 23, 2008 /PRNewswire-FirstCall via COMTEX/ -- Columbia Bancorp (Nasdaq: CBBO), the financial holding company for Columbia River Bank, released financial results for the second quarter of 2008, announcing a loss per share of $-0 ...

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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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