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News about Mortgages:
Fla. called No. 1 in mortgage fraud - Tampabay.comFla. called No. 1 in mortgage fraudTampabay.com, FL - Dec 2, 2008By Michael Van Sickler, Times Staff Writer TAMPA — A national report released Tuesday said Florida leads the nation in mortgage fraud. ...
Will Commercial Real Estate be Next? - Huffington PostWill Commercial Real Estate be Next?Huffington Post, NY - Dec 1, 2008Two weeks ago there were a couple of moderately-sized defaults on mortgage loans (hotel and retail projects) that were packaged in commercial mortgage ...Commercial mortgage delinquencies on the rise FinancialWeek (subscription)all 3 news articles
Mortgage rate drop spurs rush to lenders for refinancing - Detroit Free PressMortgage rate drop spurs rush to lenders for refinancingDetroit Free Press, United States - Nov 27, 2008Van Order called the rate drop a strong reaction to the Federal Reserve's pledge Tuesday to purchase up to $500 billion in mortgage-backed securities and ...
Sanlam share sheds 4% on poor profit news - Business DaySanlam share sheds 4% on poor profit newsBusiness Day, South Africa - 3 hours agoFirstRand, which was struggling with rising bad debts due to people not being able to make their car and mortgage repayments, said earlier in the week that ...
Four at Four: Bridge Loans - Wall Street Journal BlogsWall Street Journal BlogsFour at Four: Bridge LoansWall Street Journal Blogs, NY - 9 hours agoAt a time when the Treasury is considering offering new mortgages at 4.5% and the Federal Reserve is pursuing plans to buy mortgage-backed securities and, ...
Bowling scores — 12/1 - Mankato Free PressBowling scores — 12/1Mankato Free Press, MN - Dec 1, 2008... Mankato Mortgage 643; Steve Flynn, Meyer & Sons 630; John Lamm, Mankato Mortgage 624. High Game: Engen (258). MR. D’S TRIO: Women—Struther Van Horn, ...
Southern New Jersey counties suffer state's worst unemployment rates - Press of Atlantic CitySouthern New Jersey counties suffer state's worst unemployment ratesPress of Atlantic City, NJ - 22 minutes agoBut he clearly was worried because he owes back taxes on his house and is late making mortgage payments. Susan T. James, who oversees housing services at ...
Business briefs: Dec. 4 - Rocky Mountain NewsBusiness briefs: Dec. 4Rocky Mountain News, CO - 35 minutes agoMORE SEEK LOANS Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly ...
Van Wagenen: The holiday gift that keeps on giving and giving - LubbockOnline.comVan Wagenen: The holiday gift that keeps on giving and givingLubbockOnline.com, TX - Nov 29, 2008Now we learn that in addition to the $20 billion more given to Citigroup, the government intends to buy up $800 billion in mortgage-backed securities. ...
AP Minnesota Daybook, - Reiten Television KXMB BismarckAP Minnesota Daybook,Reiten Television KXMB Bismarck, ND - 22 hours ago11 am FORECLOSURE HELP St. Paul Mayor Chris Coleman unveils new promotional effort to raise residents' awareness of the city's Mortgage Foreclosure ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms