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National Association Of Nmortgage Brokers


Washington Mutual: A long history  1889: Washington National Building Loan and Investment Association is founded after fire destroys much of Seattle's core. The following year it...

Financial rescue plan would cost taxpayers hundreds of billions of dollars  WASHINGTON ��� The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street.

In Maasailand, No Child Left Behind Means Building a School Yourself  The United States' No Child Left Behind Act will have quite a different meaning in Kenya's Maasailand, where the literacy rate is a mere 18 percent, compared to the national literacy rate of 85 percent. All that is needed there to turn out more doctors, lawyers and other professionals are more schools, writes NAM reporter Alexandra Moe, who visited Kenya recently.

Decision 2008: Obama, McCain Combine for Record Spending  For all of Barack Obama���s remarkable fundraising, he enters the final two months of the presidential contest on virtually the same financial footing as John McCain. Finance reports filed with the Federal Election Commission show Obama and the Democratic National Committee ended August with 95 million dollars in the bank.

4 key signs of hope on housing  You know the problem well. The housing market's a mess. So banks and brokers that were involved in mortgages are a mess. As a result, consumers and businesses are having trouble borrowing money, and economies worldwide are slowing. Analysts each day debate whether or not they see signs that point toward better times.

Ike update: 3 p.m.  Weather The center of Hurricane Ike was located about 154 miles southeast of Galveston and about 270 miles east of Corpus Christi, the National Weather Service reported at 3 p.m.

ONLY ONE OF TWO FOUND IN SUNGAI KELANTAN   MACHANG, Sept 21 Bernama -- One of the two pupils from Sekolah Kebangsaan Temangan who were reported missing when they were swept away by the heavy flow of Sungai Kelantan while bathing yesterday in Kampung Temangan Lama, here, was found this morning. Machang officer-in-charge of the Fire and Rescue station, Abu Seman Deraman, said Nur Syahirah Amnah, 11, was found ...

Reading Eagle reporter Holly Herman wins bar association award  Reading Eagle courthouse reporter Holly Herman won first place in the William A. Schnader Print Media Awards sponsored by the Pennsylvania Bar Association.

All News... Plans to build Heathrow replacement near Sheppey  Plans are being drawn up to build a 24-hour airport off the north coast of the Island. According to national media reports London Mayor Boris Johnson's officials are proposing to build the airport on an artificial island in the Thames Estuary off the Isle of Sheppey.

Types of mortgages  How they work: "The dominant number of loans made in the conventional market use Fannie Mae and Freddie Mac guidelines for conforming loans," says John Councilman, federal housing chairman for The National Association of Mortgage Brokers in McLean, Va. The U.S. government bailout of Fannie Mae and Freddie Mac may affect both entities' underwriting guidelines going forward, but no changes have ...

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