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The latest Mortgage Loan News:
Obama, McCain call for changes in mortgage giants - Miami Herald
TERRE HAUTE, Ind. -- Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee ...
Home loan troubles break records again - San Diego Union-Tribune
WASHINGTON – The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
Paulson Intends to Use New Power to Restructure Fannie, Freddie - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. ``Late yesterday I ...
U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update3) - Bloomberg
Sept. 5 (Bloomberg) -- Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell ...
Rangel had no-interest mortgage more than 10 years - Miami Herald
WASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press ...
Troubled subprime borrowers hit record 9% at end of June - Memphis Commercial Appeal
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers Association said Friday ...
9% of home loans in trouble - Chicago Tribune
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9 percent, were behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday ...
Baytown woman sues lenders, says she was a victim of predatory lending ... - Houston Chronicle
Nanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The city sued one lender saying it was targeting black Baltimore homeowners with deceptive lending practices and high-interest loans and ...
Record 9% of Americans can't make home payments - Detroit Free Press
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today ...
Home loan troubles break records — again - Gainesville Sun
WASHINGTON — The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
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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.View all Terms |
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Obama, McCain call for changes in mortgage giants - Miami Herald
TERRE HAUTE, Ind. -- Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee ...
Home loan troubles break records again - San Diego Union-Tribune
WASHINGTON – The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
Paulson Intends to Use New Power to Restructure Fannie, Freddie - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. ``Late yesterday I ...
U.S. Mortgage Foreclosures, Delinquencies Reach Highs (Update3) - Bloomberg
Sept. 5 (Bloomberg) -- Foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell ...
Rangel had no-interest mortgage more than 10 years - Miami Herald
WASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press ...
Troubled subprime borrowers hit record 9% at end of June - Memphis Commercial Appeal
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers Association said Friday ...
9% of home loans in trouble - Chicago Tribune
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9 percent, were behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday ...
Baytown woman sues lenders, says she was a victim of predatory lending ... - Houston Chronicle
Nanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The city sued one lender saying it was targeting black Baltimore homeowners with deceptive lending practices and high-interest loans and ...
Record 9% of Americans can't make home payments - Detroit Free Press
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today ...
Home loan troubles break records — again - Gainesville Sun
WASHINGTON — The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
Site Map | Directory | State Quotes | For Brokers | Affiliate Program | Lender Advertising | City Quotes | Refinance | Mortgage Loans | Home Equity Loans | Mortgages by city | Bad Credit Mortgage Loans | Get a Quote | Debt Consolidation
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