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Housing Real-Estate Recovery Signaled as Fed Unwinds - BusinessWeek
Housing Real-Estate Recovery Signaled as Fed UnwindsBusinessWeek... billion next year, the highest since 2008, from $740 billion in 2009, according to forecasts from the Washington-based Mortgage Bankers Association. ...and more »

US Fed set to hold policy meeting on rates - AFP
MiamiHerald.comUS Fed set to hold policy meeting on ratesAFPThe program has been widely credited with pumping up the housing market, which was at the epicenter of the financial crisis triggered by a mortgage ...Fed weighs how and when to signal higher ratesThe Associated PressFed To Say Stronger Economy No Longer Needs Mortgage SupportNASDAQMortgage rates remain below 5 pctJournal Record (subscription)all 1,075 news articles »

Treasury Yields Near One-Week Low Before Fed, Housing Starts - BusinessWeek
Treasury Yields Near One-Week Low Before Fed, Housing StartsBusinessWeekPolicy makers plan to end purchases of $1.25 trillion of mortgage- backed securities this month. “The focus will be on whether the wording that rates will ...and more »

Fattah Asks Sen. Dodd to Add Mortgage Emergency Assistance to Senate Bill - PR Newswire (press release)
ReutersFattah Asks Sen. Dodd to Add Mortgage Emergency Assistance to Senate BillPR Newswire (press release)WASHINGTON, March 15 /PRNewswire-USNewswire/ -- In a letter to Senate Banking Committee Chairman Chris Dodd (D-Conn.), Congressman Chaka Fattah (D-PA) asked ...Dodd: Time to reform Wall Street is nowCNNMoney.comDodd Bill Empowers Regulators to Limit Size of Financial FirmsBusinessWeekDodd's 2nd shot at financial reform still leaves loopholesUSA TodayThe Associated Press -AFP -Reutersall 1,063 news articles »

Gov't mortgage plan aids 16 percent of borrowers - The Associated Press
ABC NewsGov't mortgage plan aids 16 percent of borrowersThe Associated PressWASHINGTON — The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, ...Federal mortgage help reaches 1M milestoneUPI.comTreasury Says 1 Million Homeowners In Loan ModificationsNew York TimesNew short sale rules; What you get for $695000 - Santa Ynez Valley real estate ...Examiner.comall 328 news articles »

Mortgage rates remain below 5 percent - The Associated Press
The GuardianMortgage rates remain below 5 percentThe Associated PressWASHINGTON — Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that ...US MBA Mortgage Applications Index Rose 0.5% Last WeekBusinessWeekMortgage Applications on the Rise, Refi's Dip in Latest MBA Weekly SurveyReal Estate ChannelLong-term mortgage rates down slightlyUPI.comFreeRateUpdate.com -Forex Pros -The Associated Pressall 380 news articles »

Tax credit on interest can save first-time homebuyers a bundle - HeraldNet
Tax credit on interest can save first-time homebuyers a bundleHeraldNetIn addition to Guild Mortgage, lenders approved by the Washington State Housing Finance Commission to offer the certificates are Bank of America, ...and more »

Homebuilder sentiment index falls in March - The Associated Press
Washington PostHomebuilder sentiment index falls in MarchThe Associated PressAnd sales could also take a hit if mortgage rates start to rise once the Federal Reserve stops buying mortgage-backed securities at the end of this month. ...Housing Starts in US Probably Fell to Lowest in Four MonthsBusinessWeekall 157 news articles »

February Treasury Report Shows Increase in Homeowner Relief - RealEstateRama
CBS MoneyWatch.com (blog)February Treasury Report Shows Increase in Homeowner ReliefRealEstateRamaThe Roundtable's Housing Policy Council is made up of twenty-six companies that are among the nation's leaders in mortgage finance. ...Permanently modified mortgages grow by 45%, government saysLos Angeles TimesLoan Modification Hell: 500000 Borrowers Could Lose Their Temporary Loan ...CBS MoneyWatch.com (blog)all 27 news articles »

Homebuilder Index in US Declined to 15 in March - BusinessWeek
Homebuilder Index in US Declined to 15 in MarchBusinessWeekProjections of record foreclosures this year, a lack of job growth and an end to Federal Reserve purchases of mortgage-backed debt are hurdles for the real ...and more »

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

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