Sussex Mortgage Rates and Information Online from competing Lenders

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12% increase in home repossessions - Lewes Today
More than 11,000 homes were repossessed during the third quarter of the year, 12% higher than in the second quarter, new figures show. The Council of Mortgage Lenders' data showed 11,300 homes were repossessed in the third quarter of the year ...

Buy-to-let arrears rate rockets 50% - Lewes Today
The number of landlords falling behind on their mortgage repayments has soared by 50% as the buy-to-let boom turns to bust. According to Council of Mortgage Lenders (CML) data, the arrears rate in the buy-to-let sector was 1.58%, exceeding the whole ...

Bretton Woods is a dangerous trap - Daily Telegraph Blogs
Please, please, no more Bretton Woods monetary systems for the world ever again. They are poisonous. Rigged, dysfunctional, exchange regimes of various kinds have played a key part in almost all the financial smash-ups of the last century, and are ...

The Reporter - Guardian Unlimited
"The risky way to get it Together" was the headline on a Guardian Money article almost three years ago which told how first-time buyers were snapping up a Northern Rock mortgage that allowed you to borrow as much as 125% of a property's value. The ...

Banks on the brink of a shakeout - Times Online
The banking industry will change beyond all recognition this week as shareholders vote on the takeover of Halifax Bank of Scotland (HBOS) by Lloyds TSB, and as Royal Bank of Scotland (RBS) looks set to be nationalised. Lloyds, with 400,000 “small ...

St Albans among top-10 home-rental hotspots - Herts Advertiser
Seen your photo in the paper or on this website? Now you can order your own copy via our new photo ordering site, myphotos24. You can order your photo as a digital image, as a reprint or on a variety of novelty gifts such as mugs, t-shirts, mousemats ...

A very middle-class recession: One moment you're planning your holiday ... - Daily Mail
Six months ago, Cara Watt had the world, quite literally, at her feet. A former airline pilot - who had spent years flying Boeing 146s for airline KLM - the 40-year-old was happily at home bringing up her two privately educated daughters, Emily, 12 ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

November 2008 - ABC News Blogs
1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...

Bank offers home loan at eight times joint salary - Guardian Unlimited
Bank of Scotland - part of HBOS, which is being bailed out by the taxpayer - lent a couple reliant on City bonuses eight times their joint salary to buy a "dream Sussex farmhouse." It agreed a £1.5m mortgage without investigating their earnings ...

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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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