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Oil falls below $56 as grim world economic news heightens fears of ... - Chicago TribuneOil prices continued to slide, to near $55 a barrel Thursday before rebounding slightly, as bad economic news from the world's largest economies heightened fears that a global downturn will slash demand for crude. By the afternoon in Europe, light ...
Bev Farm suffers as state’s debt grows - TelegraphGODFREY - The state of Illinois will keep operating, but agencies serving the community's most vulnerable are near collapse. "It's a terrible and disgraceful situation," state Sen. William Haine said in a telephone interview while returning Thursday ...
Washington Post on the Quiet Windfall for U.S. Banks - For Shame! - Seekingalpha.comEver get that pit in your stomach when you see something so very wrong? I wanted to give Paulson and co. some little benefit of the doubt, which is difficult for me but after what sort of fleecing is being down, and outright lies (we want ...
What change? - Northwest HeraldI’m sure the estimated 44 percent of Americans who will owe no federal income taxes voted for Barack Obama. Now, when Obama changes the tax structure to allow 51 percent of Americans to not pay taxes, then the remaining 49 percent of Americans will ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
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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