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All Articles Tagged With "mortgages"
United States Department of Housing and Urban Development
The United States Department of Housing and Urban development is a cabinet department in the executive branch of the United States Federal government and is also abbreviated to HUD. Founded in 1965, the department was part of the “Great Society” program of President Lyndon Johnson ...
What Is Refinancing?
Refinancing refers to the replacement of an existing debt obligation with a debt obligation comprising of different terms. The most widespread consumer refinancing is for a home mortgage. If the substitution of debt takes place under financial suffering, it is instead called debt restructuring. Refinancing can ...
Freddie Mac: Need and Greed
The Federal Home Loan Mortgage Corporation or Freddie Mac as it is called is a government backed enterprise in the United States. The main function of Freddie Mac is to deal in the secondary mortgage market by offering mortgage backed securities to investors in the ...
Types Of Foreclosures
A foreclosure is a legal proceeding in which the lender, who is usually the lien holder or mortgagee, obtains a court ordered termination of the borrowers or mortgagors equitable right of redemption. This simply means that the real estate or property is possessed by the ...
Equitable Mortgage Basics
An equitable mortgage is one which does not meet the criteria of a legal mortgage but are considered mortgages under equity. There are numerous situations that can lead to an equitable mortgage. As of 1961 the English court of law required the consent of the ...
What Is A Location Efficient Mortgage?
A location efficient mortgage or LEM is one which is given to people living in a particular location. The condition being that the location should be such that people are able to access very low-priced transportation. The money saved due to reduction in everyday expenditure ...
Types Of Mortgages
There are numerous types of mortgage loans available in the market and the plethora of choices can confuse a prospective borrower. Mortgages can be categorized according to their length, interest rates, and the amount that is involved. However there are two basic types of mortgages; ...
