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News about Mortgages:
Financial industry pushes for lower mortgage rates - Dallas Morning NewsWASHINGTON – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage ...
Arlington refinances much of its debt for Cowboys stadium - Fort Worth Star-TelegramARLINGTON — The city has finally been able to refinance a significant portion of its wildly fluctuating variable-rate bonds for the Dallas Cowboys stadium project. Arlington had been looking to convert $164 million in bonds since July after ...
Dallas-Fort Worth cities cautious about '09 budgets - Denton Record-ChronicleARLINGTON – The ink was barely dry on the new budget when the Arlington City Council decided this month to chop $1 million from its spending plan. Concerns about the troubled economy convinced the council that cuts were needed less than two months ...
Arlington refinances $104M in Dallas Cowboys stadium bond debt - Dallas Morning NewsARLINGTON – The city has refinanced a portion of its Dallas Cowboys stadium bond debt that it’s been trying to convert to a fixed rate since July. Deputy city manager Trey Yelverton told the council at a Tuesday afternoon work session that nearly ...
Arlington refinances $104 million of Dallas Cowboys stadium bond debt - QuickDFW.comARLINGTON – The city has refinanced a portion of its Dallas Cowboys stadium bond debt that it's been trying to convert to a fixed rate since July. Deputy City Manager Trey Yelverton told the City Council at a work session Tuesday afternoon that ...
Tenet Stock Drop Reflects Concerns About Hospital's Turnaround - CNN MoneyTenet Healthcare Corp. (THC) has lost two-thirds of its value since posting disappointing financial results and lowering its outlook last month, but some suggest the sell-off has gone too far. Clearly, the hospital operator's ongoing troubles - the ...
Shoppers have reasons to act like grinches - Cleveland Plain DealerWASHINGTON -- Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down ...
How fat cats got that way ... - Dallas Morning Views BlogRe: "Fat cats not the issue -- Do executives really make too much, or are we just looking for an enemy? asks Thomas Sowell," Saturday Viewpoints. Mr. Sowell's defense of the exorbitant salaries of business executives glosses over several points. It's ...
Mall owner General Growth is working to avoid bankruptcy - Fort Worth Star-TelegramTexas Tech: Red Raiders still dealing with fallout from loss to Oklahoma Human element is a bug in BCS system Britney Spears 'Circus’ act sends her comeback off course Hundreds expected at Arlington City Hall to support special street sign toppers ...
Pilgrim's receives third extension of temporary credit - Mount Pleasant Daily TribuneNEW YORK - Pilgrim's Pride Corp. said Wednesday it reached an agreement with its lenders to extend its credit lines until Monday. The Thanksgiving reprieve allows the company to avoid filing for bankruptcy or selling its assets in order to cover its ...
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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