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News about Mortgages:
Letter: White House should not count temporary loan modifications as success - Credit.com NewsABC NewsLetter: White House should not count temporary loan modifications as successCredit.com News"In fact, these homeowners, whose mortgage payments could otherwise have been spent on moving expenses and rent, may actually be made worse off by HAMP. ...Wells Fargo signs up for loan modification programFederalNewsRadio.comall 426 news articles »
The New Financial Crime Wave - ForbesThe New Financial Crime WaveForbesMortgage fraud is on the rise, along with bogus job counseling services and scams conducted over the Internet. Peter Grupe is a busy man. ...
Scrounging for votes...Judge rejects settlement...Stocks slip - 9&10 News9&10 NewsScrounging for votes...Judge rejects settlement...Stocks slip9&10 NewsThe holder of the mortgage on the home where Nadya Suleman and her children are living says he's starting foreclosure proceedings because the family hasn't ...and more »
Cape Coral Library: Books can help steer you through economic storm - The News-PressCape Coral Library: Books can help steer you through economic stormThe News-Press... how a mortgage lender gambled, made bad business decisions, and contributed to financial problems. • “America, Welcome to the Poorhouse” by Jane White ...and more »
White's board seat falls on a fine line - Houston ChronicleWhite's board seat falls on a fine lineHouston ChronicleLeppert was in the spotlight a year ago when his membership on the board of Washington Mutual came under scrutiny when the home-mortgage giant failed. ...White Walks Dangerous Line with Gas CompanyDallas Blog (blog)all 14 news articles »
The Detection and Deterrence of Mortgage Fraud Against Financial Institutions ... - Docuticker (blog)The Detection and Deterrence of Mortgage Fraud Against Financial Institutions ...Docuticker (blog)The 2009 white paper updates mortgage fraud trends and schemes currently impacting financial institutions. This White Paper is divided into three parts, ...
IDB Management Questioned as Funding Increase Pared - BusinessWeekIDB Management Questioned as Funding Increase ParedBusinessWeekThe IDB took a nearly $1 billion loss in 2008 after plowing as much as 60 percent of its cash reserves into mortgage-backed securities, an unusually ...and more »
White House rips business lobby over financial reform - ReutersWhite House rips business lobby over financial reformReuters... mortgage-related businesses and some large non-bank financial companies, such as insurers. Jen Psaki, deputy communications director at the White House, ...and more »
NAACP: SunTrust Mortgage worker fired over e-mail - Richmond Times DispatchNAACP: SunTrust Mortgage worker fired over e-mailRichmond Times DispatchTry our quick search: I am a white, protestant, male whose ancestors owned slaves. ALL people should be offended by the bumper stickers! ...and more »
More homeowners are opting for 'strategic defaults' - Los Angeles TimesLos Angeles TimesMore homeowners are opting for 'strategic defaults'Los Angeles TimesNow she says it will never be worth anywhere near the amount of her mortgage, so she stopped paying on her loan and moved out. (Bret Hartman / For The Times ...and more »
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.
View all Terms