Logan Mortgage Rates and Information Online from competing Lenders

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• 1917 Promenade Lane; from American Heritage Homes; to Chase Alexander Mercer; $162,000. • 802 Union Ave.; from Patricia A. Houglan; to Larry Houghlan and Pamela Houghlan; $90,000. • 600 S. High St.; from Michael B. McKenzie and Jean M ...

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If you want experts to tell you the perfect time to buy a house, when it is priced so its value goes nowhere but up and you will get the lowest cost mortgage, forget it. Nobody will venture more than a guess. Economists and real estate insiders agree ...

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At a time when almost nothing about subprime securities seems certain, the ABX index is a key point of reference for investors navigating the world of risky mortgage debt. The ABX, launched in January 2007, serves as a benchmark of the market for ...

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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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