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Developer working on new Foothills stores - Yuma Daily SunTo those inquiring minds wondering about all the earth moving activity going on at the northeast corner of Interstate 8 and Fortuna Road, the answer is a 30-acre commercial subdivision being developed by Scott Spencer's company, Hardknocks Limited ...
Republicans push plan for fixing bridges - Colorado Springs GazetteDENVER · Capitol Republicans are promising a bill within the first few weeks of the 2009 legislative session that would raise between $500 million and $1 billion this year to fix 127 "structurally deficient" bridges throughout the state. The plan ...
Split things fairly – not exactly - Yuma Daily SunMost every parent wants to treat their children fairly and equally. But, that may not always be exactly the same. You know the battles that you’ve fought over this. Susie is a few years older than Kyle and Jamie. Occasionally, maybe you let Susie ...

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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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