Aurora Mortgage Rates and Information Online from competing Lenders
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News about Mortgages:
Fed Aid Sets Off a Rush to Refinance - Wall Street JournalThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
Foreclosure Machine Grinds On Through Holiday Season - The Washington Independent.comThis is supposed to be the season for a break in home foreclosures, a pause in evictions over the holidays. But it’s not working out that way for everyone. And certainly not for Julio Angulo of suburban Virginia, another victim of a foreclosure ...
Home builders reinventing roles out of necessity - Chicago TribuneIn today's challenging times, the home-building industry is borrowing heavily from the adage that necessity is the mother of invention. That's no more true than today, as residential builders continue to tap their other skills to diversify and make ...
GRAUER: Government finances look like one big sub-prime mortgage - Rocky Mountain NewsIf you think the current mortgage-related sub-prime meltdown has been bad, you haven’t seen anything yet. The current state of the federal government’s finances looks suspiciously like the mortgage sub-prime mess. We need to learn from the ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. It is amazing what a trust fund can do. Two weeks ago, Wachovia couldn’t get arrested. It was scorned by analysts, a pain to investors and ...
Deed transfers for the Dec. 1-28 edition - Star-BannerWarranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...
Vance named as suspect in Anne Pressly death - Log Cabin DemocratLittle Rock police named 28-year-old Curtis Lavelle Vance of Marianna as a suspect in the death of Anne Pressly on Wednesday. At 5 p.m. Wednesday, a warrant was issued for capital murder. Police say Vance allegedly left his home at 1 p.m. today in a ...
RBS to give struggling homeowners more time to pay - Buffalo NewsRoyal Bank of Scotland Group PLC said Monday it would give homeowners who miss mortgage payments at least six months before starting repossession action - double the three months it used to give. The move comes on the first business day after the ...
General Growth Properties gets loan reprieve - Buffalo NewsGeneral Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The mortgages cover two ...
Recent foreclosures filed in Madison County - TelegraphThese are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...
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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