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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

Salt Lake mortgage rates news:

BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily Herald
SALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...

e6313 BC-UT-HotelOccupancy 11-25 0218 clone - Daily Herald
SALT LAKE CITY -- Hotel occupancy rates -- a key indicator of the health of the state's tourism industry -- declined nearly 5 percent in Utah last month compared with last year. Figures from the Rocky Mountain Lodging Association show the statewide ...

China's fiscal might helps emerging Asia - Business24-7
Investors are already rewarding China for its massive government spending spree and could spread their money to its neighbours, hoping that emerging Asia's most important economy can jumpstart the entire region. Like many governments globally, China ...

November 2008 - Posts - MSNBC Firstread
Senate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...

Opposition takes hit as Tories move to cut $27-million subsidy for ... - Globe and Mail
What Harper should do is deny the vote in the next election to anyone who didn't vote in this past election. Then Harper's enthusiasts would have a commanding -- well, marginal -- advantage next time. Who needs democracy when you're a self-righteous ...

Mortgage rates dip for fourth straight week - Salt Lake Tribune
WASHINGTON » Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower because of the government's aggressive new effort to aid the U.S. housing market. Freddie ...

JPMorgan to keep clients out of foreclosure - Salt Lake Tribune
JPMorgan Chase & Co., the largest U.S. bank by market value, said none of its customers, including those in Utah, will face foreclosure in the next 90 days while it finds ways to make payments easier on $110 billion of problem mortgages. The bank ...

June sales of existing homes were fastest ever - Baltimore Sun
WASHINGTON - Existing homes were sold at the fastest pace in history last month, as mortgage rates near a four-decade low helped drive prices to an all-time high. But some private economists predicted yesterday that housing may be nearing its peak as ...

Home sales heat up in West - Seattle Times
Sales of existing homes jumped dramatically in the Western region in October as buyers scooped up foreclosed homes and other bargains. About 104,000 existing homes and condos were sold last month in the 13-state region, a National Association of ...

State business highlights 11/27 - Daily Herald
SALT LAKE CITY -- Hotel occupancy rates -- a key indicator of the health of the state's tourism industry -- declined nearly 5 percent in Utah last month compared with last year. Figures from the Rocky Mountain Lodging Association show the statewide ...