FNMA & FHLMC will not fail : Bernanke

July 17, 2008 by Loan Officer · Leave a Comment

The Chairman for the US Federal Reserve spoke with Congress on 07/16/2008, and stated that the mortgage giants Freddie Mac & Fannie Mac are in ‘no danger of failing’. The US Treasury Department & the FED came to their rescue on Sunday. They will be offering help towards their finances to help alleviate any issues [...]

Tagged: bernanke, fannie mae, fhlmc, fnma, freddie mac, home loans, mortgage

Mortgage Glossary

July 17, 2008 by Loan Officer · Leave a Comment

Acceleration clause: a provision that allows the lender to demand full repayment of the total remaining loan balance in the event that a borrower any clauses in the mortgage note. Amenity: home or property features that is beneficial to the buyer. Maybe natural or artificial items such as forest, waterfront, and location or orchard, garden, [...]

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