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Today's Mortgage Terms starting with G

Good Faith Estimate:

A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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Valley mortgage loan news:
Financial News
Obama: Congress must act - Northwest Herald
WASHINGTON – President-elect Barack Obama implored Congress on Thursday to “act boldly and act now” to fix an economy growing perilously weaker. Leading lawmakers set an informal goal of mid-February for enacting tax cuts and government ...

Restarting the frozen loans market - CNN Money
Dennis and Lisa Morton, pictured with their children, were closing in on negotiations for a loan to open a CiCi's franchise. When they couldn't land the loan, their business plans went into limbo. (CNNMoney.com) -- The government's first step toward ...

Rates are low, but loans difficult to get - San Jose Mercury News
Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most bullet ...

BUSINESS: Shenango Valley Mall dealing with tax troubles - New Castle News
Published January 09, 2009 12:38 pm - The Shenango Valley Mall in Hermitage is in receivership after defaulting on loans. Stores, though, will be staying open. Mercer County Common Pleas Judge Christopher St. John approved the appointment of a ...

Basketball player Friday a loan officer in Dallas area - Longview News-Journal
Editor's Note: Where Are They Now? is a weekly feature catching up with former athletes from the Longview News-Journal's coverage area. College(s), major and year graduated: Paris Junior College (freshman), Cedar Valley (sophomore), Stephen F. Austin ...

Your business community: Treasure Valley movers and shakers - Idaho Statesman
Home Federal Bank President and CEO Len Williams has announced the promotion of Debra L. Hodge to senior vice president and director of human resources. She succeeds Denis Trom, who retired at the end of year. Hodge has nearly 15 years of experience ...

Mall defaults on loans; stores unaffected - Sharon Herald
The Shenango Valley Mall along with other affiliated properties has defaulted on more than $80 million in loans and the lender is seeking court approval to install a receiver to oversee management of the mall, according to court documents filed in ...

Cardoza proposal could aid housing crisis - Record
Rep. Dennis Cardoza, D-Atwater, has a plan to reverse the housing crisis and boost the economy: a 4 percent interest rate on fixed-rate, 30-year loans for all current homeowners and qualified buyers of foreclosure properties. Under his newly proposed ...

Lofgren sees higher jumbo mortgage limits returning - San Jose Business Journal
Higher jumbo mortgage loan limits will be part of the highly-anticipated economic stimulus package coming from Washington early this year, U.S. Rep. Zoe Lofgren said Wednesday. A temporary increase in the limit for lower rate conforming mortgages to ...

Obama, Democrats look to revamp financial bailout - Napa Valley Register
WASHINGTON - Eager to shift the course of the government's financial sector bailout fund, President-elect Barack Obama and congressional Democrats want to apply greater scrutiny and a more defined mission to the beleaguered $700 billion rescue ...

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