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News about Mortgages:
Leisure Living: Prices holding up in ski areas - The Associated PressLeisure Living: Prices holding up in ski areasThe Associated Press - Oct 9, 2008In its October/November issue, Robb Report's Vacation Homes magazine features Aspen, Colo., and Coeur D'Alene, Idaho as two of the top 10 places to buy a ...
Fitch Rates Idaho Housing & Finance Assoc's $60MM 2008D Bonds - MarketWatchFitch Rates Idaho Housing & Finance Assoc's $60MM 2008D BondsMarketWatch - Oct 7, 2008The 2008D single-family mortgage bonds are being issued under a supplemental indenture that pledges mortgage revenues, investment earnings, reserves, ...
States cut spending, put projects on hold - The Associated PressThe Associated PressStates cut spending, put projects on holdThe Associated Press - Oct 9, 2008... of emergency spending cuts on top of deep cutbacks earlier in the year, when the economy began softening and the mortgage crisis started to unfold. ...
Upper valley given clean bill of economic health - Rexburg Standard JournalUpper valley given clean bill of economic healthRexburg Standard Journal, ID - 22 hours agoI think our (financial) institutions in eastern Idaho are as sound as you're going to find anywhere." Vaughn Phillips, a home mortgage consultant at the ...
Nova loan officer answers the questions about housing, credit crisis - Inside Tucson BusinessNova loan officer answers the questions about housing, credit crisisInside Tucson Business, AZ - Oct 10, 2008In addition, it makes loans in California, Colorado, Idaho, Louisiana, Oklahoma, Oregon, Utah, Montana, New Mexico, Wyoming, Washington State, ...
Federal Interest Rate Cut Has Effect Locally - LocalNews8.comFederal Interest Rate Cut Has Effect LocallyLocalNews8.com, ID - Oct 9, 2008But, how will the cut in the interest rate effect the mortgage industry in Eastern Idaho? "People think that because the federal rates went down, ...
The $700 Billion Question - ForbesThe $700 Billion QuestionForbes, NY - Oct 9, 2008Mortgages in hard-hit California are much riskier than ones in stable Idaho. "You have to get down to zip code-specific areas that are the collateral in the ...
Fitch Downgrades 6 Single Family Mortgage Bonds with Lehman Liquidity - MarketWatchFitch Downgrades 6 Single Family Mortgage Bonds with Lehman LiquidityMarketWatch - Sep 30, 2008Management at both Idaho Housing and Utah Housing report that they are in the process of seeking replacements for the LBCB liquidity facilities and will be ...
OPINION: Protect your right to work - Colorado Springs GazetteOPINION: Protect your right to workColorado Springs Gazette, CO - Oct 10, 2008The survey found that the top four states - Idaho, Virginia, Utah and Texas - are right-to-work states. In fact, 10 of the 12 states best for business are ...
Along NC highway, sagging economy meets politics - IdahoStatesman.comAlong NC highway, sagging economy meets politicsIdahoStatesman.com, ID - 2 hours agoThe Idaho Statesman is pleased to offer this opportunity to share information and observations about what's in the news. Some comments may be reprinted ...

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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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