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News about Mortgages:
Franklin Bank Corp. Appoints Alan E. Master Chief Executive Officer - MSN MoneyCentralHOUSTON, Aug. 28, 2008 (GLOBE NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P.LF) ("Franklin") announced that Alan E. Master, President and a director of Franklin, has been appointed Chief Executive Officer of Franklin. Mr. Master has been ...
Foreclosures Hitting Hard in Indianapolis - WIBC.comIndianapolis ranks 9th on the list of cities hardest hit by foreclosures. One man is facing a sheriff's sale of the house where he grew up. Both of Charles Franklin's parents had medical issues before they passed away. Charles took out a mortgage on ...
Fannie Rises for Sixth Day as Mudd Replaces Deputies (Update3) - BloombergAug. 28 (Bloomberg) -- Fannie Mae rose for a sixth day in New York trading, the longest streak since May 2007, after Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence. Chief Financial Officer ...
Unsung Heroes Foundation Is Brainchild Of Local Pair - Herald ChronicleFranklin County has had the honor of hosting several benefit concerts in the past few years featuring super stars Lee Greenwood and Collin Raye and now, coming just around the corner, on Saturday, Sept. 27 at 7:30 p.m., beloved Country music star ...
Mortgage finance firm Fannie Mae shakes up executive ranks as shares ... - Baltimore SunWASHINGTON (AP) _ Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...
Fannie's Mudd Changes Management to Boost Confidence (Update1) - BloombergAug. 28 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence after record losses and a 90 percent drop in the shares. Chief Financial Officer Stephen Swad , 47, hired ...
Police Blotter - Salina JournalCIVIL JUDGMENTS -- Court grants Red Rock Lake Financial payment of more than $17,900 from Dale A. Sparks for credit card debt. n Court sets aside judgment against Charles B. Betterley and Lori M. Betterley on a mortgage foreclosure at request of ...
Fannie Mae shakes up management team - Washington PostWASHINGTON -- Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...
Franklin County's tomato-tasting day draws a crowd - Public OpinionSweet reward: Kate Gold, 8, samples a tomato at the Tomato Taste Day sponsored by Franklin County Cooperative Extension and master gardeners at the Horticultural Center. CHAMBERSBURG -- A large spread of tomatoes surprised local gardeners and ...
3 Fannie Mae execs to leave; 3 others promoted - USA TodayWASHINGTON (AP) — Mortgage finance giant Fannie Mae (FNM) shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac (FRE) rose for a third straight day as investors appeared less certain a government bailout of the ...

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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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