Lake Mortgage Rates and Information Online from competing Lenders

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Financial industry pushes for lower mortgage rates - News 8 Austin
WASHINGTON -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Scott Talbott of the Financial Services Roundtable said that under the proposal ...

Lake County hunts for bargains in foreclosed homes - Orlando Sentinel
TAVARES - The county intends to rely on Habitat for Humanity and other nonprofit housing groups to spend nearly $3 million in federal grants on foreclosed homes, according to a plan submitted to the U.S. Department of Housing and Urban Development ...

BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily Herald
SALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...

Struggling economy pushes jump in court filings - ksl.com
SALT LAKE CITY (AP) -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that ...

Tallian eyes mortgage bill - Post-Tribune
A local legislator is taking aim at the mortgage crisis with a bill she hopes will give Indiana homeowners the tools to keep their homes. State Sen. Karen Tallian, D-Portage, is working on legislation to help people having trouble with monthly ...

Two big banks cut mortgage rate - Edmonton Sun
TORONTO -- Two of Canada's big banks are cutting mortgage rates on a variety of terms, reflecting a drop in borrowing costs in the bond market, where banks finance their mortgage lending. The Royal Bank of Canada said yesterday it is cutting rates ...

Deed transfers for the Dec. 1-28 edition - Star-Banner
Warranty 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 ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

Proposed New Orleans East lake splinters community - WWL-TV
Twenty minutes into a meeting, tension builds between two New Orleans East power brokers: businessman Sherman Copelin and state senator Ann Duplessis. “One of the things that Sherman Copelin is very good at doing is creating conflict,” Duplessis ...

Court cases surge as Utahns cope with economic woes - Salt Lake Tribune
A bad economy historically means more business for the courts. "If you go back over the last 15-20 years, whenever there's a downturn ... you generally see an increase in civil filings," said state Courts Administrator Daniel Becker. Sure enough ...

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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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