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News about Mortgages:
Great Wolf still talking with lenders - Wisconsin State JournalGreat Wolf Resorts said Friday it remains in discussions with its lenders regarding an extension of Sunday's maturity date on a $76.8 million mortgage on its Mason, Ohio, resort property. The Madison company announced earlier this month in its ...
Despite slumping real estate market, Madison's newest cohousing ... - Wisconsin State JournalAmid the toughest real estate market in a generation, a group of self-described amateurs has pulled off something of a miracle: selling all but three units in the 40-unit Arboretum Cohousing project. Long popular in Scandinavia but relatively new in ...
HUD backs plan to save homes in foreclosure - Journal-NewsHAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure. Central to the county's plan is an untested initiative to keep ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...
Real estate a tough sell in troubled economy - San Francisco GateTuesday, December 2, 2008 The most glaring and frightening example for many in the industry was the recent revelation that Alexandria Real Estate Equities Inc. will not move forward with two biotechnology buildings at San Francisco's Mission Bay ...
UW-Madison offering course on brewing beer - Milwaukee Journal SentinelThe Chicago Tribune reports that UW-Madison is offering a beer brewing class next semester. The story says that "MillerCoors donated $100,000 in equipment that can make 10 gallons of beer at a time." Instead of teaching the students at UW-Madison how ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game Drowning in debt, and citing a weak retail and ...
LOOK TO LARRY - New York PostBillionaire real estate mogul Larry Silverstein is gunning to buy the iconic GM Building from beleaguered developer Harry Macklowe in a deal that could fetch about $3.5 billion ahead of a deadline for bids, according to sources familiar with the ...
Hemsky scores lone shootout goal in Oilers' win - FOX NewsNEW YORK — Ales Hemsky scored the only goal in the shootout and undefeated rookie goalie Jeff Drouin-Deslauriers made 40 saves for the Edmonton Oilers, who ended their longest road trip of the season with a 3-2 victory over the New York Rangers on ...
Getting to the other side - Boston GlobePlummeting investments. Rising mortgage payments. Huge debts. Stagnant wages. The worst financial crisis since the Great Depression is squeezing Americans on all sides. As governments struggle to stabilize the world's financial markets, many families ...
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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