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Mortgage Professor about housing and urban development: 
Why Is Mortgage Servicing So Bad?
February 3, 2003, Revised December 13, 2004 Dissatisfaction With Mortgage Servicing The letter below is typical of many I have received on this theme. "I have had 3 mortgages by 3 different lenders, and the service I received after the loans closed ranged from poor ... more...

How Do I Figure Escrows?
September 6, 1999 "My loan officer tells me I need to deposit $1157 into an escrow account at closing to take care of future taxes and hazard insurance payments, but when I asked him where that number came from he said 'it is set by HUD' and was unable to explain it further. ... more...

housing and urban development related definitions

FHA, Federal Housing Administration
FHA, Federal Housing Administration A division of the Department of Housing and Urban Development. Its main activity is the insuring of residential mortgage loans made by private lenders, issues loan guarantees to make more housing available. FHA also sets standards for ... more...

Ginnie Mae, Government National Mortgage Association, GNMA
Ginnie Mae, Government National Mortgage Association, GNMA GNMA or "Ginnie Mae," is an agency within the U.S. Department of Housing and Urban Development. A government-owned agency, it buys mortgages from lending institutions and pools them to form securities, which it ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

How Can The Democrats Win In 2008? (First of Two Parts)
I. VICTORY OUT WESTIf the Democrats are to seize control of the White House in 2008, they need to rally behind the partys brightest star, New York Senator Hillary Clinton. If they again parade a spineless, lackluster nomineea la Al Gore, Bill Bradley, John Kerry, Michael Dukakis, "Hollerin" Howard ... more...

Making it affordable: Nine tips for first time home buyers
It seems that everyone loves a good real estate story. The media is filled with reports about soaring property values and home owners of modest means becoming instant millionaires when they sell. As a result, many first time home buyers, afraid of missing out, will rush into buying decisions and ... more...

Reverse Mortgages A Tax Free Income For Senior Citizens
I fully realize if it sounds too good to be true, it probably is and There Aint No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg.A reverse ... more...

2006 Housing Development Industry Trends to Consider
With the slowing and plateauing of the real estate market we are seeing some big changes in the New Housing Development markets in many areas. The fastest growing areas of 2005 are not currently breaking any speed records like they once were. This leaves many developers on semi-retirement until the ... more...

Reverse Mortgage: A Dignified Way for Retirees to Supplement Income and Take Care of Expenses
For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs ... more...

Real Estate Feasibility Study (Cost Side) - $1.2 Billion Developer Tells You How To Do One
There are two sides to real estate development feasibility study: The Cost Side & The Income Side.I am going to concentrate in this article on The Cost Side.Having told you that a feasibility study is vital when applying for finance, it is however, just another cog in the wheel of the property ... more...

Electrical Safety in the home
Electricity is a wonderful part of our lives, clearly enabling us to do so many of the things we take for granted. Food preparation, entertainment, communication, and so much more are all dependent upon the delivery of electricity. And yet, coming into direct contact with electrical current can ... more...

Link Development: The Super Hero for SEO
Link Development takes a major role in having your web site rank well in the search engines. Many web masters as well as SEO companies overlook how important it is to have a good link development campaign going for their web site. This article consists of 3 major topics; What is Link ... more...

Rebuilding After Katrina: Smart Energy Choices
Energy efficiency has been part of the American lexicon since 1978 when the Energy Policy Act was first enacted. Since then, energy efficient homes and increased use of renewable energy resources have become the norm in states like New York and California. Policies and programs have supported these ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

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