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Senior Housing Ranks Best Of REIT Types - Investors Business DailyRealtors trying to sell a choice block of riverfront land in Portland, Ore.'s new South Waterfront District think it would make a perfect spot for a senior-housing complex. It's by a hospital and public transportation. A park and walking trails are ...
Treasuries Are Little Changed With Yields Near Record Lows - BloombergDec. 3 (Bloomberg) -- Treasuries were little changed as traders judged the rally that pushed yields to record lows in the past week was unsustainable given U.S. government efforts to revive the economy. A gauge of momentum used by traders to predict ...
Treasuries Fall for First Time in a Week After Record Rally - BloombergDec. 3 (Bloomberg) -- Treasuries fell for the first time in six days as traders ignored reports showing the U.S. economy sank further into recession, saying the rally that pushed yields to record lows was unsustainable. A gauge of momentum used by ...
General Growth Shrinks - ForbesGeneral Growth Properties appears to be postponing the inevitable: The ailing mall owner announced it received a two-week extension on $900.0 million in mortgage loans to keep bankruptcy at bay. But investors didn’t seem to think the extension ...
General Growth Plays For Time - ForbesThe ailing mall owner announced it had received a two-week extension on $900.0 million in mortgage loans to keep bankruptcy at bay. But investors did not seem to think the extension would help the real estate investment trust dig itself out of its ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
Maine Mall's Owner Warns It May Have To File For Bankruptcy - WCSHCHICAGO (AP) -- The company that owns the Maine Mall in South Portland warns that it may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. General Growth Properties Incorporated, which is the ...
Riverdale school bond likely to pass - OregonianVoters in the largely affluent Riverdale School District appear on their way to approving a $21.5 million bond to renovate elementary school facilities and upgrade infrastructure, such as roofs and electrical systems. In fact, the 520-student ...
General Growth Properties risks default - Boston GlobeCHICAGO— General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The real ...
Montreal drops out of MLS expansion race - CNN Sports IllustratedLOS ANGELES (AP) -Montreal withdrew its bid for a MLS expansion team, commissioner Don Garber said Friday in his state-of-the-league address. "They're out for the next round of expansion,'' Garber said. "I don't think it's gone forever but it's gone ...
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.
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