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News about Mortgages:
Central Pacific Financial Corp. Q2 2008 Earnings Call Transcript - Seeking AlphaCentral Pacific Financial Corp. Q2 2008 Earnings Call TranscriptSeeking Alpha, NY - Aug 4, 2008And finally, a $6.9 million loan to finance a water treatment plant on the island of Kauai. Turning now to slide #18, going forward, we have continued focus ...
Business Briefing - Seattle Post IntelligencerBusiness BriefingSeattle Post Intelligencer - Jul 11, 2008Heritage Financial Corp. said it will take a pre-tax charge of $1.1 million to write down the value of a mortgage fund in which the Olympia-based bank had ...
Julies Hope - Maui NewsJulies HopeMaui News, HI - Jul 27, 2008A scuba diver since 1979, Wood returned to be a dive master for the summer to fill in when her friend moved to Kauai in 1986. She ended up staying, ...

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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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