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Chelan	Douglas	Grays Harbor	Kittitas	Okanogan	Skagit	Thurston	Yakima
Clallam	Ferry	Island	Klickitat	Pacific	Skamania	Wahkiakum

Today's Mortgage Terms starting with B Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time. Bearer: The legal owner of a property. Bill of Sale: A document that details the transfer of property. Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage. Blanket Mortgage: A mortgage that includes more than one piece of real estate Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan. Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client. Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time. Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction. View all Terms

You are here: Home > Washington The latest Mortgage News:

Treasury seizes Fannie Mae, Freddie Mac to bolster housing market - Miami HeraldWASHINGTON -- The historic seizure Sunday of mortgage finance titans Fannie Mae and Freddie Mac is expected to bolster the nation's sinking housing sector by lowering mortgage rates and jump-starting the obscure background market that is vital to ...
9% of home loans in trouble - Chicago TribuneWASHINGTON — 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 ...
WaMu Ousts Killinger After Subprime Losses; Fishman Named CEO - BloombergSept. 8 (Bloomberg) -- Washington Mutual Inc ., the biggest U.S. savings and loan, removed Kerry Killinger as chief executive officer after he failed to halt losses tied to home mortgages that caused an 88 percent slide in the lender's stock. Alan ...
US Government Takes on Big Role in Mortgage Market - ABC NewsWASHINGTON - SEPTEMBER 20: Daniel Mudd (L) president and CEO of Fannie Mae and Richard Syron (R)... WASHINGTON - SEPTEMBER 20: Daniel Mudd (L) president and CEO of Fannie Mae and Richard Syron (R) chairman and CEO of Freddie Mac listen to questions ...
Fannie, Freddie Deal Helps Some Borrowers, Not All - ABC NewsThe government's historic bailout of Fannie Mae and Freddie Mac on Sunday will be good news to homebuyers and some homeowners hoping to refinance if it leads to lower mortgage rates, as experts expect. In this July 11, 2008 file photo, a sign in ...
WaMu Ousts Killinger After Losses; Fishman Named CEO (Update1) - BloombergSept. 8 (Bloomberg) -- Washington Mutual Inc ., the biggest U.S. savings and loan, removed Kerry Killinger as chief executive officer after he failed to halt losses tied to home mortgages. The stock rose 20 percent in early New York trading. Alan ...
U.S. takes over mortgage giants - Baltimore SunThe U.S. government announced yesterday that it was taking control of mortgage giants Fannie Mae and Freddie Mac , saying the companies' weakened finances had made it impossible for them to carry out their missions of supporting the struggling ...
U.S. takes over giant mortgage lenders - Detroit NewsWASHINGTON -- The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. The historic move announced Sunday won support ...
US stock futures surge on plan for mortgage giants - ForbesU.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures ...
US government assumes leading role in mortgage market with takeover of ... - Baltimore SunWASHINGTON (AP) _ Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration announced Sunday it was seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing ...
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