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News about Mortgages:
BBC election bus video diary - BBC NewsWe've made it to New York City, the final stop on our tour of America. The last few weeks Americans have been focused on the financial crisis gripping the country and we have now arrived in the heart of the American market. The problems on Wall ...
Russian Real Estate Market Softens - ForbesThe global financial crisis is taking a toll on many formerly lucrative sectors, and the Russian real estate market is no exception. Although the pace of investment was strong in the first three quarters of this year, the situation is changing ...
Subterranean houses: the height of cool - The IndependentAt first sight, 12 Oxford Walk in Cheltenham looks like a tiny, modern house tucked behind a Regency terrace. But walk to the front door and down the steps and it's like an iceberg: the majority of the property lies below the surface. This is the ...
Latin America Combats Credit Crunch - ForbesThe global financial crisis is taking a toll on Latin American economies and their financial systems that will lead to a sharp reduction in lending for the remainder of this year and in 2009. In a bid to reduce the negative impact on economies and ...
Global Markets Week in Review: Turbulent Times - Seekingalpha.comThe Oxford Dictionary defines “volatility” as “liable to change rapidly and unpredictably, especially for the worse.” It’s not as if investors do not know this by now, as global stock markets were again subjected to extreme fluctuations ...
Paulson, Bernanke defend $700B bailout - Edmonton SunWASHINGTON (AP) — Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben ...
Words from the (Investment) Wise for the Week That Was (November 10 ... - Safe HavenThe Oxford Dictionary defines "volatility" as "liable to change rapidly and unpredictably, especially for the worse". It's not as if investors do not know this by now, as global stock markets were again subjected to extreme fluctuations during the ...
'Steady as she goes' - Winnipeg SunLt.-Gov. John Harvard delivered Manitoba's provincial throne speech yesterday, outlining the NDP government's plans for the coming year. Those plans include a flurry of bans on everything from plastic bags and making phone calls while driving to ...
Online appraisal transfer criticized - Hampton Roads Daily PressCHARLOTTE, N.C. - Regulators in Virginia are the first in the nation to actively discourage real estate appraisers from using some online systems that could allow unscrupulous agents and lenders to remove critical information from reports. The ...
City Halls Call Out for Help From Obama - WXIA 11 Alive(MSNBC.com) -- America's mayors are crying out for help from President-elect Barack Obama, seeking immediate relief from a national economic crisis that has slammed budgets in big cities, suburbs and small towns. INTERACTIVE MAP: What America's ...
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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