South Dakota Mortgage Rates and Information Online from competing Lenders

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Bailout gets House approval - Argus Leader
WASHINGTON - The House approved a plan Wednesday to shore up mortgage giants Freddie Mac and Fannie Mae and help thousands of homeowners with troubled mortgages refinance into more affordable ones. The vote was 272-152, with South Dakota Democratic ...

Jobless claims jump as housing market gets weaker - Miami Herald
WASHINGTON 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 ...

Economy.com | Rising Household Debt, Defaults Straining US Economy - Miami Herald
WEST CHESTER, Pa, July 23 – U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody"s Economy.com, a division ...

Bailout gets House approval - Argus Leader
WASHINGTON - The House approved a plan Wednesday to shore up mortgage giants Freddie Mac and Fannie Mae and help thousands of homeowners with troubled mortgages refinance into more affordable ones. The vote was 272-152, with South Dakota Democratic ...

Moody's Economy.com: Rising Household Debt, Defaults Straining US ... - Forbes
U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody's Economy.com, a division of Moody's Analytics ...

Complete coverage: Foreclosure crisis - Fort Lauderdale Sun-Sentinel
Homeowners have many options after a lender has filed a foreclosure notice. Foreclosure specialists advise: *Don't ignore mail from your lender; stay in touch even after a foreclosure notice has been filed. Most lenders would rather work out options ...

Official: No credit crisis here - Register-Herald
Ask Vickie Harrah, broker and sales manager at Old Colony Realtors in Beckley, about her agency’s mortgage portfolio and she will tell you, “It’s great. It’s a great time to buy or sell a home in southern West Virginia. There is no credit ...

July 2008 - Posts - MSNBC Firstread
Back in the US, Chuck Hagel had tough words for McCain, though he didn’t mention him by name. "Quit talking about, 'Did the surge work or not work,' or, 'Did you vote for this or support this,'" he said. "Get out of that. We're done with that. How ...

Moody ’ s Economy.com: Rising Household Debt, Defaults Straining US ... - Businesswire.com
WEST CHESTER, Pa.--( BUSINESS WIRE )--U.S. household finances are deteriorating rapidly under the strain of increased debt and falling home prices, threatening the health of the U.S. economy, according to a new research from Moody ’ s Economy.com ...

International Forest Products Limited: Queensboro Closure Impacts ... - Market Wire
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2008) - INTERNATIONAL FOREST PRODUCTS LIMITED ("Interfor" or the "Company") (TSX:IFP.A) reported a net loss of $29.4 million, or $0.62 per share, for the second quarter of 2008, compared to loss of ...

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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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