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Mortgage bankers group spent $596K lobbying in 4Q - BusinessWeekWashington TimesMortgage bankers group spent $596K lobbying in 4QBusinessWeekThe Washington-based trade group lobbied on numerous pieces of legislation affecting mortgage lending, taxes, housing policy, foreclosure relief and ...FITTON: Secret politics in your mortgageWashington Timesall 51 news articles »
Fed to Keep Rates Low for 'Extended Period' - New York TimesReutersFed to Keep Rates Low for 'Extended Period'New York Times... CHAN WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged on Tuesday and affirmed its plan to halt its buying of mortgage-backed ...Fed Pledges to Keep Rate Low for 'Extended Period'BusinessWeekFed sees some progress in economic recoveryMarketWatchFed holds rates at record lows to foster recoverySalt Lake TribuneThe Associated Press -Financial Times -UPI.comall 3,356 news articles »
Author Lewis says Wall Street reckoning is coming - ReutersReutersAuthor Lewis says Wall Street reckoning is comingReutersLewis, promoting his latest book "The Big Short: Inside the Doomsday Machine" about the crisis, predicted a war will be waged in Washington as Senate ...Michael Lewis: Wall Street Collapse A Story Of 'Mass Delusion' (VIDEO)Huffington Post (blog)The Genius of Michael Lewis's 'The Big Short'The AtlanticWire (blog)Michael Lewis: Junior SalesgirliemanHuffington Post (blog)all 107 news articles »
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 »
Housing Real-Estate Recovery Signaled as Fed Unwinds - BusinessWeekHousing Real-Estate Recovery Signaled as Fed UnwindsBusinessWeek... billion next year, the highest since 2008, from $740 billion in 2009, according to forecasts from the Washington-based Mortgage Bankers Association. ...and more »
Insurance Groups Back Financial Services Reform - National Underwriter Life and Health Insurance NewsCBC.caInsurance Groups Back Financial Services ReformNational Underwriter Life and Health Insurance NewsAs for rating agencies, Ms. Roper said that by “slapping AAA ratings on mortgage-backed securities whose risks they did not understand and could not ...Fattah Asks Sen. Dodd to Add Mortgage Emergency Assistance to Senate BillPR Newswire (press release)Dodd: Time to reform Wall StreetCNNMoney.comAfter Lobbying By Pay-Day Lenders, Dodd Bill Is WeakenedTPMMuckraker (blog)BusinessWeek -USA Today -Globe and Mailall 1,717 news articles »
Chicago Foreclosure Report Paints Dismal Picture: Foreclosures Up 16 Percent ... - Huffington Post (blog)Chicago Foreclosure Report Paints Dismal Picture: Foreclosures Up 16 Percent ...Huffington Post (blog)The widely criticized HAMP program, which came about last year, is a loan modification program designed to reduce at-risk borrowers' monthly mortgage ...and more »
MBA: Dodd Bill Needs More Explicit Risk Retention Exemptions for Mortgages - LoanSafeDSNews.comMBA: Dodd Bill Needs More Explicit Risk Retention Exemptions for MortgagesLoanSafe(LoanSafe.org) – WASHINGTON, DC (March 15, 2010) – Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association, issued the following statement ...MBA: Dodd Bill Needs More Explicit Risk Retention Exemptions for MortgagesRealEstateRamaall 4 news articles »
US Economy: Home Starts Depressed by Winter Weather - BusinessWeekCBC.caUS Economy: Home Starts Depressed by Winter WeatherBusinessWeekHomebuilders may be cautious about taking on new projects as mounting foreclosures add to inventory and the Federal Reserve prepares to end mortgage-backed ...Bad weather depresses US housing starts in FebReutersBad weather depresses housing starts in FebWBFOall 687 news articles »
Gov't mortgage plan aids 16 percent of borrowers - The Associated PressABC NewsGov't mortgage plan aids 16 percent of borrowersThe Associated PressWASHINGTON — The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, ...Permanently modified mortgages grow by 45%, government saysLos Angeles TimesFederal mortgage help reaches 1M milestoneUPI.comall 381 news articles »

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms |