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News about Mortgages:

Steve Eisman: Maverick trader - The Guardian
The GuardianSteve Eisman: Maverick traderThe GuardianThat the mortgage bond market invented on the Salomon Brothers trading floor, which seemed like such a good idea at the time, would lead to the most purely ...

Volusia County public records for March 20, 2010 - Daytona Beach News-Journal
Volusia County public records for March 20, 2010Daytona Beach News-JournalJesus Estrada, real property; Bank of America NA v. Lewis J. Green, real property; Wells Fargo bank NA v. Marylane Rajevic, real property; SunTrust Mortgage ...and more »

Glenn Beck: Would Our Founders Recognize the 'Slaughter Rule'? - FOXNews
Glenn Beck: Would Our Founders Recognize the 'Slaughter Rule'?FOXNewsEven as the head of the Senate Banking Committee, Chris Dodd, was working out sweetheart deals on his mortgage, his mortgage lender was helping cause the ...

Against a value-added tax - Washington Post (blog)
Against a value-added taxWashington Post (blog)Funny how I could afford the price of the house and even pay off the mortgage, but the property taxes made it impossible for me to keep it. ...and more »

Hardship in Europe's PIGS countries - BBC News
BBC NewsHardship in Europe's PIGS countriesBBC NewsThe wages in Greece are also too low to have a car loan or a mortgage - let alone think about having a family. Prices are going up, taxes are going up but ...and more »

IN RE CALLAHAN - Leagle.com
IN RE CALLAHANLeagle.com[ 5 ] It is undisputed that Callahan made at least some mortgage payments on both the Chapman Street Property and the Falmouth Property. ...

Brand X Files: Palin seeks big $$$ for reality TV show. Snooki teen death ... - Los Angeles Times
Brand X Files: Palin seeks big $$$ for reality TV show. Snooki teen death ...Los Angeles Times(Associated Press) 'Octomom' could lose her house: Over $450000 owed in late mortgage payments. (Los Angeles Times) Conservative blogger accuses Sean ...and more »

Latest Hot Job: Life-Insurance Agent - Wall Street Journal
Latest Hot Job: Life-Insurance AgentWall Street JournalThey're taking advantage of the weak job market to scoop up former real-estate agents, mortgage brokers, bankers and lawyers whose prospects have declined. ...and more »

A Comeback for Mortgage Bonds? - Financial News USA (press release)
A Comeback for Mortgage Bonds?Financial News USA (press release)[Read the full article] Personal debt wasn't the kind of economic indicator anyone paid too much attention to until America's collective cash-out ...and more »

Inside The Collapse, Part 2 - CBS News
ReutersInside The Collapse, Part 2CBS NewsWhile many people are focused on the blame game it should be realized that many respects a huge portion of America's best and brightest young minds have ...[Video] 60 Minutes: Michael Lewis - Inside the CollapseBenzingaall 119 news articles »

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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