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Margareta Pagano: No ifs or butts: Obama has to stick to his guns - The Independent
So, what are we fighting for today? Soldiers demand an end to 'farcical' lack of war leadership Nick Clegg: Tackling the terrorists requires more troops – and a plan Leading article: Obama offers new hope in Afghanistan A C Grayling: Euphoria will ...

Editor-At-Large: Where can we find Britain's Barack Obama? - The Independent
So, what are we fighting for today? Soldiers demand an end to 'farcical' lack of war leadership Nick Clegg: Tackling the terrorists requires more troops – and a plan Leading article: Obama offers new hope in Afghanistan A C Grayling: Euphoria will ...

Financial crisis: Jobs lost at fastest rate for 17 years - Daily Telegraph
In a sign of how the chaos in the markets is affecting the lives of ordinary households, official data showed the jobless total heading toward the 2 million mark. Shares on the FTSE 100 index fell 7 per cent to end at 4,079.6 – wiping out nearly ...

Financial crisis: A third of Poles driven home by recession - Daily Telegraph
The exodus will see 400,000 Poles return to their home country where job prospects are better and the economy has not been so badly hit by the credit crisis. The warning has come from senior advisers to the Polish Government who say the country needs ...

Jobs, jobs, jobs must be the mantra for a softer recession - Guardian Unlimited
In the article below we said that when incapacity benefit is replaced by employment and support allowance the very sick and totally incapable will get higher benefits than now, but the rest will get no more than the ordinary jobseeker's allowance. To ...

Read our live blog from Michigan polling places - Detroit Free Press
A group of more than a dozen Wayne State University medical students set out this afternoon with hundreds of bottles of water, dropping by several Detroit polling stations to make sure voters remained hydrated. They thanked them for voting, handed ...

Brown set for urgent savings talks with Germany - Metro.co.uk
Prime Minister Gordon Brown will today hold urgent talks with Germany's Chancellor Angela Merkel in a bid to clarify claims of 100% bank guarantee's for savers. Mr Brown's spokesman said: "Our understanding of the situation is that the German ...

Study: Sioux City most affordable housing market in U.S. - Sioux City Journal
LOS ANGELES (AP) -- Sioux City has the nation's most affordable housing, according to a comparison of 315 markets by Coldwell Banker. According to the Coldwell Banker Home Price Comparison Index released today, the average price of a home in Sioux ...

Top Stories (Complete List, up to 1000 Stories) - 9&10 News
11/14/2008 - Downtown Sault Ste. Marie Renovations 11/13/2008 - Northern Michigan Property Owners Struggle To Pay Taxes 11/13/2008 - President Bush: Global Economic Crisis Not a Failure of Free Market 11/13/2008 - Embezzling Arrest In Cheboygan ...

A Bad Week for Journalism - Common Dreams
I'm hoping this week is a better one for journalism. Last week began with the American Society of Newspaper Editors reporting that 2,400 full-time newspaper jobs were lost in 2007 -- the largest annual drop in 30 years, bringing the total number of ...

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Today's Mortgage Terms starting with F

  • Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
  • Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.
  • Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
  • FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.
  • First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
  • Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.
  • Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.
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