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News about Mortgages:

Mortgage freeze hard on self-employed - Rocky Mountain News
The government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw ...

Chrysler exec says bankruptcy not an option for Big 3 - Rocky Mountain News Blogs
Bankruptcy isn't an option for the Big 3 domestic automakers and a carmaker collapse could send the economy spiraling into a depression. Jim Press , Chrysler's vice chairman, said the U.S. automakers were "down to months left," as industry officials ...

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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