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Mortgage giants were blind to housing risks - MSNBC
WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies — particularly ...

Mortgage finance companies Fannie Mae, Freddie Mac failed to ... - Baltimore Sun
WASHINGTON (AP) _ Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies ...

Mortgage giants were blind to the bubble - Globe and Mail
WASHINGTON — Mortgage giants Fannie Mae and Freddie Mac – despite their robust cadre of economists and mortgage experts – failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies – particularly ...

Despite the hoopla, it’s still the economy, stupid - Times Online
Like a late clap of thunder after a cloudless afternoon, reality suddenly intruded into the hazy rhetoric of the American election campaign yesterday in the shape of a miserable report on the nation’s economy. As the Republican and Democratic ...

Takeover looms of housing giants - South Coast Today
WASHINGTON — The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as today, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for ...

Move Follows More Bad News on Mortgages - KNx 1070
WASHINGTON (CBS/AP) -- Mortgage giants Fannie Mae and Freddie Mac -- despite their robust cadre of economists and mortgage experts -- failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies ...

Ferris sale to Canadian bank OK'd - Baltimore Sun
Ferris, Baker Watts Inc., the conservative regional brokerage with Baltimore roots dating to 1900, closed yesterday its sale to a division of Royal Bank of Canada in an all-stock deal valued at more than $230 million. The sale was approved by Ferris ...

Thompson's passing sparks Tennessee-Martin 56-0 - Salon
Sep 6th, 2008 | MARTIN, Tenn. -- Cade Thompson threw for 315 yards and three touchdowns to lead Tennessee-Martin to a 56-0 rout of Baker University on Saturday. Thompson hit Kenny Jones on scoring passes of 8 and 62 yards, and hooked up with Linzy ...

Fannie, Freddie blind to the bubble - International Herald Tribune
WASHINGTON : Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies — particularly ...

Fannie, Freddie were blind to the bubble - Laredo Morning Times
WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac, despite their robust cadre of economists and mortgage experts, failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies, particularly Freddie Mac ...

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.
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