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News about Mortgages:
Publisher's Notebook - Boulder County Business ReportWill it be a "Black Friday" or a black Friday? The day after Thanksgiving traditionally has been a happy time for retailers, who finally go "into the black" as holiday sales help them recoup losses incurred during the previous 11 months. But the ...
Mortgage freeze hard on self-employed - Rocky Mountain NewsThe 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 ...
Self-Employed Are Frozen Out of Mortgages - MarketwatchThe 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. A ...
Marine Accused of Staging Disappearance Arrested in Washington - FOX NewsBOULDER, Colo. — A Marine accused of faking his disappearance to avoid returning to his unit has been arrested in Washington state. Police in Port Angeles arrested 23-year-old Lance Hering on Sunday at the town's airport. He is being held on a ...
Fraternity Pledges Arrested - FOX NewsLarimer Country Sheriff's Office Walt Hester, Estes Park Trail-Gazette Walt Hester, Estes Park Trail-Gazette MyFoxColorado.com Delta Chi Fraternity FNC FNC FNC FNC FNC FNC Shown, from left to right, first row, are Bitt Clerster, Anhony Cronin, Andrew ...
Home-price index 'positive' for Denver area - Rocky Mountain NewsA for-sale sign stands outside a home in southeast Denver last week. Jack O'Connor, of the Prestige Real Estate Group, is optimistic about the local housing market. "Denver is the third-least affected market by the downturn, after Charlotte and ...
Bumpy start to ski season as layoffs hit Colorado resorts - Rocky Mountain NewsA skier rests at the bottom of Winter Park Resort on opening day. Blaming a tough economic climate, resort operator Intrawest Corp. announced companywide job cuts that affect managers and other employees at some of its Colorado ski areas. The layoffs ...
Even major players feel serious squeeze as revenue drops, debts rise - Las Vegas SunCasino companies’ earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few smaller operators ...
Cannery partners did it their way - Las Vegas SunSteve Marcus Cannery Resorts partners Bill Wortman, left, and Bill Paulos attend the Aug. 27 grand opening of the $250 million Eastside Cannery at Boulder Highway and Harmon Avenue. Their company, which they’ve agreed to sell ...
Lefties for Obama - Common DreamsIf you have decided to vote for a third party candidate for president, or not to vote at all, because you can't stand voting for the "lesser of two evils," this message is for you. Though I'm supporting Obama and the Democrats, I understand 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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