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News about Mortgages:
Nearly 1 in 10 Oregon mortgage holders delinquent, a new record - Hillsboro Argus - OregonLive.com (blog)Hillsboro Argus - OregonLive.com (blog)Nearly 1 in 10 Oregon mortgage holders delinquent, a new recordHillsboro Argus - OregonLive.com (blog)If Multnomah County is an indication, there's still a lot of pain left in Oregon. New foreclosure filings had tapered off late in 2009. ...and more »
Top 5: Multnomah County foreclosures shoot up again in January - OregonLive.com (blog)OregonLive.com (blog)Top 5: Multnomah County foreclosures shoot up again in JanuaryOregonLive.com (blog)For more on Oregon's mortgage troubles in 2009, check out my Saturday story on the Mortgage Bankers Association's Q4 report or my post with more data. 3. ...
Lender's foreclosure rescue failed nearly half the time - Hillsboro Argus - OregonLive.comLender's foreclosure rescue failed nearly half the timeHillsboro Argus - OregonLive.comAspen executives created a company to join the booming mortgage market, and it became a lender of last resort for homeowners tipping toward foreclosure. ...and more »
Portland housing market stabilizes in December, but more worries ahead - OregonLive.com (blog)OregonLive.com (blog)Portland housing market stabilizes in December, but more worries aheadOregonLive.com (blog)December's results cover sales of existing single-family homes in Oregon's Clackamas, Columbia, Multnomah, Washington and Yamhill counties and Washington's ...and more »
2121 Belmont, apartment building first built by Homer Williams, defaults - OregonLive.com (blog)OregonLive.com (blog)2121 Belmont, apartment building first built by Homer Williams, defaultsOregonLive.com (blog)8 with the Multnomah County Recorders Office, Bank of America declared that CityView Belmont was in default on the $28.1 million it owes. ...and more »
LIVINGSTON v. METROPOLITAN PEDIATRICS, LLC - Leagle.comLIVINGSTON v. METROPOLITAN PEDIATRICS, LLCLeagle.comAllied Home Mortgage Corp., 402 F3d 1, 12 (1st Cir 2005) (discussing cases). However, in Oregon, waiver likewise has been treated as a condition precedent ...and more »
Bail Denied for Poker Room Shooter - Poker News TodayBail Denied for Poker Room ShooterPoker News TodayCarroll L. Mayfield, 66, of Sandy looked like a harmless grandfather when he appeared before Multnomah County Circuit Court Judge Angel Lopez for his ...and more »

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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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