Harney Mortgage Rates and Information Online from competing Lenders

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Appraisers still under the gun to 'hit the numbers' - Chicago Tribune
Are mortgage loan officers and realty agents—even individual home sellers—continuing to influence or attempting to interfere with appraisals despite new federal rules that ban such behavior? Ask appraisers and many will tell you: It's still ...

Real estate scams on the rise here - Arlington Heights Daily Herald
WASHINGTON - You might assume that with home purchases and new mortgage volume off by 30 percent or more in many markets during the past year, loan fraud would be down as well. Wrong. A bench mark quarterly study released Aug. 25 by the mortgage ...

Sentinel Help Team: Do you need flood insurance? - Orlando Sentinel
You've seen the angst as hundreds of Central Florida homeowners try to battle the rising waters in Tropical Storm Fay 's aftermath. Hundreds of homes are flooded and evacuated. More people still are anxiously watching the rising St. Johns River ...

Freddie Mac - Baltimore Sun
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. FLBDIGHOUSE0820.ARTGet foreclosure advice Coral ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
It's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

Settlement could usher in changes in home appraisals - Daily Oklahoman
WASHINGTON — Property appraisers have been warning about it for a decade, and the real estate market is reaping the whirlwind: The price declines across the country are partly the result of systemic, intentional overvaluations on home appraisals ...

Fannie Mae Articles From the web - Dayton Business Journal
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Today's Mortgage Terms starting with M

  • Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
  • Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
  • Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
  • Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
  • Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
  • Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
  • Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
  • Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
  • Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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