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News about Mortgages:
Mortgage fraud task force comes to Miami - MiamiHerald.comMortgage fraud task force comes to MiamiMiamiHerald.comAccording to the indictment, three of the defendants recruited friends and family members to pose as buyers through Miami Dade Mortgage Professionals, ...Financial Fraud Enforcement Task Force Hosts Mortgage Fraud Summit In MiamiPR Newswire (press release)Miami site of mortgage fraud summitBizjournals.comall 36 news articles »
Miami-Dade could lose $1M in foreclosure - Bizjournals.comMiami-Dade could lose $1M in foreclosureBizjournals.comThe lawsuit puts Miami-Dade County's second mortgage to 117 NE 1st Avenue at risk of being wiped out. In 2006, the county gave the developer a $1 million ...and more »
Kendall's Shamrock Condominium faces foreclosure - Bizjournals.comKendall's Shamrock Condominium faces foreclosureBizjournals.com... according to Miami-Dade County Circuit Court records. It seeks $5.9 million outstanding from a 2007 mortgage, plus interest and fees. ...and more »
Verona Park condo loses $10M foreclosure - South Florida Business JournalVerona Park condo loses $10M foreclosureSouth Florida Business JournalFirstBank Puerto Rico won a $10.2 million foreclosure judgment on March 15 against Verona Park LLC, according to Miami-Dade County Circuit Court records. ...and more »
FOUR CHARGED IN $6 MILLION DOLLAR MORTGAGE FRAUD SCHEME - LoanSafeFOUR CHARGED IN $6 MILLION DOLLAR MORTGAGE FRAUD SCHEMELoanSafeThe indictment alleges that the defendants were involved in the financing of five residential properties in Miami-Dade County. According to the indictment, ...Loan Broker Sentenced to 108 Months in Multi-Million-Dollar Mortgage Fraud SchemeAmerican Chronicleall 2 news articles »
Many condo bills are similar - MiamiHerald.comMany condo bills are similarMiamiHerald.comAlmost 25000 condos in Miami-Dade slipped into foreclosure in 2009 -- a 32 percent jump from the year before, according to data collected by the condo ...
Fannie Mae Aids Borrowers With Help Centers - MainStreetFannie Mae Aids Borrowers With Help CentersMainStreetThe free program is a joint venture between Fannie Mae and Miami-Dade County, along with “participating mortgage servicers” according to Fannie's web site. ...and more »
4 South Floridians face mortgage fraud charges - MiamiHerald.com4 South Floridians face mortgage fraud chargesMiamiHerald.comThe indictment says Lozada would identify Miami-Dade County properties that could be used to defraud the lenders and then recruited the others to pose as ...and more »
Fannie Mae Opens Mortgage Help Centers in Florida - Technorati (blog)Technorati (blog)Fannie Mae Opens Mortgage Help Centers in FloridaTechnorati (blog)Civic and community leaders from Miami-Dade County, Neighborhood Housing Services of South Florida, and major mortgage providers have formed a joint venture ...Fannie Mae opens Miami help centerBizjournals.comFannie Mae Opens Borrower Help Center in MiamiHousing Wire70 condo projects in Florida have special Fannie Mae loan designationSun-Sentinel (blog)CNNMoney.com (press release) -HULIQall 849 news articles »
Lewis Freeman's home target of foreclosure - South Florida Business JournalSouth Florida Business JournalLewis Freeman's home target of foreclosureSouth Florida Business JournalAccording to Miami-Dade County property records, MUNB held a mortgage on the home securing $1.4 million in debt dating to 2005, but Freeman had paid most of ...and more »

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Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
View all Terms |