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News about Mortgages:
Fixed Mortgage Rate Falls to Record Low, Freddie Says - BloombergXinhuaFixed Mortgage Rate Falls to Record Low, Freddie SaysBloomberg - 15 hours agoThat’s the lowest in data that goes back to 1971, the McLean, Virginia- based mortgage buyer said. Freddie Mac and Washington-based Fannie Mae also today ...Paulson: Redo Fannie, Freddie Wall Street JournalMurdock: Privatize Fannie Mae and Freddie Mac Seattle Post IntelligencerPaulson suggests replacing Fannie/Freddie Bizjournals.comMarketWatch - Bloomberg
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Citi backs mortgage bankruptcy reform: senators - ReutersBoston GlobeCiti backs mortgage bankruptcy reform: senatorsReuters - 7 hours agoBy Kevin Drawbaugh and Patrick Rucker WASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a rewrite of bankruptcy law being proposed ...Lawmakers and Citigroup reach deal on mortgages MarketWatchBanks to Lose a Security Blanket Wall Street JournalCiti reaches deal with lawmakers on home loans The Associated PressBloomberg - New York Times
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Citigroup supports measure giving courts big say on mortgage ... - Los Angeles TimesLos Angeles TimesCitigroup supports measure giving courts big say on mortgage ...Los Angeles Times, CA - 16 minutes agoBy James Oliphant Reporting from Washington -- For the first time since the housing crisis began, a major mortgage lender agreed Thursday that courts should ...
Obama’s case for action - Christian Science MonitorWELT ONLINEObama’s case for actionChristian Science Monitor, MA - 11 hours agoBut US funds already committed to the rescue of mortgage giants Fannie Mae and Freddie Mac and other financial institutions have helped drive the federal ...Video: Obama Pushes Economic Plan CBSText of Barack Obama's economic speech The Associated PressNo Honeymoon for You, Mr. President Town HallHuffington Post - Bloomberg
all 7,899 news articles
Obama Promises Bid to Overhaul Retiree Spending - New York TimesBBC NewsObama Promises Bid to Overhaul Retiree SpendingNew York Times, United States - 22 hours agoPresident-elect Barack Obama with Nancy Killefer, his appointee as White House chief performance officer, during a news conference in Washington on ...Video: Obama Names Chief Performance Officer AssociatedPressFacing debt, he's a salesman Chicago TribuneFEDERAL DEFICIT Dallas Morning NewsBoston Globe - Christian Science Monitor
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US FED: Rosengren Supports Expanded FHA Mortgage Lending - ForbesBoston GlobeUS FED: Rosengren Supports Expanded FHA Mortgage LendingForbes, NY - 7 hours agoWashington, Jan 08 2009 (IFR) - Boston Federal Reserve Bank President Eric Rosengren today said he supports expanded access to Federal Housing ...US recession more severe than thought-Fed's Rosengren Reutersall 49 news articles
Homebuilders push housing aid plan - The Associated PressWNCTHomebuilders push housing aid planThe Associated Press - Jan 7, 2009Builders want a package of subsidies that would bring mortgage rates to just under 3 percent for the first half of this year. They also favor a tax credit ...Mortgage rates plunge but will not boost home sales Reed Construction DataBuilders hammer home call for aid PoliticoLocal Housing Group Looking for Federal Help KLAS-TVNews & Observer - WLOS
all 243 news articles
Geithner Preparing Overhaul Of Bailout - Washington PostReutersGeithner Preparing Overhaul Of BailoutWashington Post, United States - 3 hours ago(By Linda Davidson -- The Washington Post) Comments that include profanity or personal attacks or other inappropriate comments or material will be removed ...Paulson leaves US rescue funds up to Obama team ReutersGeithner's Track Record Is Double-Edged Sword Wall Street JournalPaulson says TARP decisions are for Obama team Reutersall 58 news articles
Week-to-week mortgage applications down 8.2% - MarketWatchWeek-to-week mortgage applications down 8.2%MarketWatch - Jan 7, 20092 were up 28.3% compared with the same week last year but were down 8.9% on a week-to-week basis, according to the Washington-based MBA's weekly application ...Mortgage applications down in latest survey KVOA.comMortgage Applications Decrease In Latest MBA Weekly Survey Originator TimesMortgage volume down in week United Press InternationalHousing Wire - istockAnalyst.com (press release)
all 63 news articles
Obama adds efficiency watchdog for government spending - Los Angeles TimesLos Angeles TimesObama adds efficiency watchdog for government spendingLos Angeles Times, CA - Jan 7, 2009Housing prices will drop by another 14% nationwide, the office projected, and the tide of mortgage foreclosures will not abate until the financial markets ...
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