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Foreclosures accelerate to fastest pace in almost three decades - Los Angeles Times
Foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more Americans to walk away from homes they couldn't refinance or sell. New foreclosures increased ...

Washington's Fannie And Freddie Plan: Why Now? - Forbes
Fannie Mae and Freddie Mac , the mortgage finance giants that fund half the U.S. housing market, are about to become subsidiaries of the U.S. government. The Treasury Department late Friday was putting together final details of a plan to take the two ...

Paulson to Take Over and Restructure Fannie, Freddie (Update5) - 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. The Treasury plans to ...

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 ...

Former Club Owner Sentenced in Scam: Man to Pay Millions for Mortgage ... - Washington Post
The former owner of a group of Washington area nightclubs and restaurants was sentenced yesterday to nearly six years in prison for orchestrating a mortgage fraud scheme that investigators said was one of the largest ever prosecuted in Northern ...

Mortgage-paying problems spreading - The Washington Times
The housing foreclosure and delinquency crisis, which erupted last year as subprime borrowers with adjustable-rate mortgages began to default at record levels, has now begun to hit morecredit-worthy homeowners to an extent not seen before, according ...

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 ...

Cramer: Fannie, Freddie Takeover Changes the Game - Street.Com
Right now, at this moment, many people know that something good is going to come from this government takeover of Fannie ( FNM - Cramer's Take - Stockpickr ) and Freddie ( FRE - Cramer's Take - Stockpickr ) , but they don't know how it relates to the ...

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 ...

McCain Woos the Undecided - BusinessWeek
(page 2 of 2) By seeking an image as someone who will take on the wasteful spending that has proliferated during the Bush years and fight the vested interests many blame for Washington's gridlock, McCain is hoping to send a clear signal to voters ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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