Davin Mortgage Rates and Information Online from competing Lenders

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Sheriff's sale set for 10 of investor's holdings - Pittsburgh Tribune Review
A Pittsburgh-based investor faces the loss of 10 properties -- most housing rental apartments -- in the city and nearby communities at a Dec. 1 Allegheny County sheriff's sale. R.A.E.D. Investments Inc. of Pittsburgh and Davin Investments Inc. are in ...

Is shelter Downtown in danger of closing? - Pittsburgh Post-Gazette
A Downtown building that houses low-income and near-homeless people could be headed for foreclosure because Allegheny County moved its Mental Health/Mental Retardation offices out of the building, says Tom Mistick, part owner of the Wood Street ...

Team 4: Taxpayer Dollars Loaned, Rarely Paid Back - Pittsburgh Channel
PITTSBURGH -- Millions of tax dollars are going to corporations. It's happening in Washington and Harrisburg with corporate bail-outs. And a Team 4 investigation finds it's happening right here in Allegheny County, too. But they don't call it a ...

Renters Caught In Middle Of Foreclosures - KDKA
PITTSBURGH (KDKA) ― Renters are often the innocent victims of the foreclosure crisis. Tenants pay their rent but face possible eviction because their landlords don't pay their mortgage loans. Now there's word of a massive foreclosure on a dozen ...

Rollin' With the Hate Talk Express - Huffingtonpost.com
"We've got them just where we want them." With each bit of bad news for his presidential campaign, that's the refrain one hears from John McCain. This week brought so much bad news as to turn the wishful-thinking chorus into the sort of frantic chant ...

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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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