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News about Mortgages:
Refinancing troubles will mean bargains for NW real estate buyers - Seattle Daily Journal of CommerceRichard Leider, a principal with Seattle-based Trinity Real Estate, said his firm has a list of Puget Sound region properties it's monitoring that were purchased in the last 36 months at relatively high prices and that may need to be refinanced soon ...
Debt-hit Dublin pubs seek bankruptcy protection - WTOP RadioDUBLIN, Ireland (AP) - Dublin 's premier pub-running company won bankruptcy protection Friday in a surprising sign that Ireland 's credit crunch is pushing even the most liquid of businesses to the breaking point. High Court Justice Brian McGovern ...
Ramius Sends Letter to Orthofix Shareholders - StreetInsider.comNEW YORK--(BUSINESS WIRE)-- Ramius LLC ("Ramius") today announced that it has sent a letter to the shareholders of Orthofix International N.V. ("Orthofix" or "the Company")(NASDAQ: OFIX ), in which it outlined several opportunities that Ramius ...
Ramius Sends Letter to Orthofix Shareholders Believes Company Should ... - CNBCNEW YORK, Dec 03, 2008 (BUSINESS WIRE) -- --Urges Board to Take Immediate Action to Improve Shareholder Value --Announces Intention to Solicit Shareholder Support to Call a Special Meeting of Shareholders for the Purpose of Replacing Up To Four ...
Municipal bond glut saps value - Detroit NewsU.S. state and local government bonds fell the most in almost two weeks as more than $1.8 billion of new bonds weighed on the municipal market, while Treasuries dropped and stocks rallied. Trinity Health, the nation's fifth-largest nonprofit health ...
Credit Pains Hamper Sunrise Senior Living - Washington PostSunrise Senior Living 's financial problems deepened in the third quarter as the company said it would abandon new development this year and further cut staff to conserve cash as it struggles to weather the fallout of a worsening economy. The McLean ...
INM to sell stake in Australian media group - Financial TimesIndependent News & Media , the publisher of The Independent newspaper in the UK, plans to sell its 39.1 per cent shareholding in Australasia’s APN News & Media, the radio and newspaper group, a move which would cut its debt pile by more than half ...
Officials: Financial crisis can lead to violence - USA TodayAn out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years. In ...
SAVING FOR RETIREMENT?: Just hang on - NewsdayWhat should I do now? It's a natural question for retirement investors watching the unfolding Wall Street financial crisis and worrying about their portfolios. For most investors, the best answer is: Do nothing. The collapse of venerable companies ...
The Greening of Hartford - Hartford AdvocateImani Zito: making a hybrid business. Imani and John Zito have created an oasis of green businesses on New Britain Avenue across from Trinity College. Think of it as an urban homestead, where their six home-schooled children play and study and ...
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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