Stanley Mortgage Rates and Information Online from competing Lenders

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FOR FREDDIE AND FANNIE? Government outlines a plan for seizing the ... - Herald Tribune
WASHINGTON -- Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place ...

Paulson to Take Over and Restructure Fannie, Freddie (Update4) - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. The Treasury plans to ...

Mortgage finance companies Fannie Mae, Freddie Mac failed to ... - Minneapolis Star 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 ...

U.S. Near Deal on Fannie, Freddie - Wall Street Journal
The plan is expected to involve putting the two companies into the conservatorship of their regulator, the Federal Housing Finance Agency, said several people familiar with the matter. That would mean the government would take the reins of the ...

Frank Confirms Treasury Intervention To Shore Up Fannie Mae, Freddie ... - Wall Street Journal
Rep. Barney Frank (D., Mass.) confirmed that Treasury Secretary Henry Paulson is planning government intervention to back troubled mortgage giants Fannie Mae and Freddie Mac . The chairman of the House Financial Services Committee said in a statement ...

Gov't may soon back troubled mortgage finance giants Fannie Mae ... - Chicago Tribune
WASHINGTON (AP) _ Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said ...

Paulson Plans to Take Control of Fannie, Freddie (Update1) - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage ...

Fannie, Freddie's boards meet Saturday to mull government plan - International Herald Tribune
WASHINGTON : The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said. The U.S. Treasury Department plan to put the two ...

Fannie, Freddie boards meet to discuss bailout - Globe and Mail
WASHINGTON — The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet Saturday to discuss a government plan to place the companies under federal control, sources said. The U.S. Treasury Department plan to put the two ...

Treasury near GSE bailout plan: report - MSN MoneyCentral
WASHINGTON (Reuters) - The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac , the Wall Street Journal reported on Friday. Citing people familiar with the matter, the Journal said ...

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Today's Mortgage Terms starting with A Accrued Interest: Interest earned but has not been paid Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan. Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change. Adjustment Period: Applicable to an ARM, the time between changes in the interest rate. Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time. Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding. Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance. Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time. Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

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Stanley Mortgage Rates and Information Online from competing Lenders

Today's Mortgage Terms starting with A