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Freddie Mac: 30-year mortgage rate mostly flat - MarketWatchFreddie Mac: 30-year mortgage rate mostly flatMarketWatchSAN FRANCISCO (MarketWatch) -- Freddie Mac (NYSE:FRE) said Thursday the 30-year fixed-rate mortgage average was generally unchanged at 4.96% with an average ...and more »
Octomom could get kicked out of house - ABC7Chicago.comOctomom could get kicked out of houseABC7Chicago.comMarch 19, 2010 (SAN FRANCISCO) -- Octuplets mom Nadya Suleman could be kicked out of her home in southern California. Foreclosure proceedings are under way ...and more »
Four Seasons Maui Delinquent on Mortgage - Wall Street JournalFour Seasons Maui Delinquent on MortgageWall Street JournalMixed-use developer Millennium Partners LLC this month saved its Four Seasons San Francisco from foreclosure by bringing in Westbrook Partners LLC to pay ...
Double mortgage payment causes chaos for family - abc7news.comDouble mortgage payment causes chaos for familyabc7news.comSOUTH SAN FRANCISCO, CA (KGO) -- Many people have trouble these days keeping-up with making even one house payment. But what if you had to pay twice in one ...
Nine Firms Sued by Federal Home Loan Bank of San Francisco - DSNews.comNine Firms Sued by Federal Home Loan Bank of San FranciscoDSNews.com... residential mortgage-backed securities (PLRMBS). According to court documents filed in the Superior Court of California for San Francisco County, ...
Wells Fargo Signs Home Affordable Second-Lien Modification Program Agreement ... - MarketWatch (press release)ABC NewsWells Fargo Signs Home Affordable Second-Lien Modification Program Agreement ...MarketWatch (press release)SAN FRANCISCO, Mar 17, 2010 (BUSINESS WIRE) -- Wells Fargo & Co. (NYSE:WFC) announced today that it has signed the second-lien modification component of the ...Obama Overstates Loan Modifications, Republicans SayBusinessWeekWells Fargo agrees to modify home-equity loansFinance and CommerceWells Fargo extends debt relief to 2nd mortgages: The move by the nation's ...Trading Markets (press release)USA Today -DSNews.comall 223 news articles »
San Francisco Home Loan Bank Sues Nine Firms - Wall Street JournalSan Francisco Home Loan Bank Sues Nine FirmsWall Street Journal... of San Francisco filed a lawsuit against nine Wall Street firms on Monday that asks for a $19 billion refund on residential mortgage-backed securities ...Federal Home Loan Bank Sues Over Mortgage SecuritiesBusinessWeekFederal Home Loan Bank of San Francisco sues over mortgage securitiesLoanSafeFHLB San Francisco Goes Where The Cops Refuse ToBefore It's NewsMortgageorb -Courthouse News Serviceall 6 news articles »
Median Homes Prices Up in San Francisco, Despite Dip in Sales - Housing WireLos Angeles TimesMedian Homes Prices Up in San Francisco, Despite Dip in SalesHousing WireIn the San Francisco Bay Area, home sales improved from January to February, but remained below last year's level. ...Home sales dip, prices rise in Bay AreaSan Francisco ChronicleSan Francisco Bay Area Home Sales Dip, Median Sale Price RisesReal Estate Channelall 187 news articles »
Calif. politics has short sellers facing big bills - The Associated PressCalif. politics has short sellers facing big billsThe Associated Presssaid Elizabeth Velasco, a real estate agent with Warren Realty who specializes in short sales in Sacramento and the San Francisco Bay area. ...and more »
Westbrook Swoops In to Aid Millennium - Wall Street JournalWestbrook Swoops In to Aid MillenniumWall Street JournalWestbrook Partners gained a two-thirds stake in the Four Seasons San Francisco by paying $35 million of the hotel's $90 million mortgage. ...and more »

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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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