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November 2008 - Weblogs.baltimoresun.com
Reader Dave sends this nice letter to Obama's change.gov Web site, a propos of Saturday's column on layoffs. Dear President-elect Obama, Normally, I do not comment or send letters to elected officials, but since we are all looking for positive change ...

Bailout clash rages as Buffett bets on Goldman - MSN UK News
HONG KONG/LONDON (Reuters) - Billionaire Warren Buffett bet on a Wall Street revival by buying a $5 billion stake in Goldman Sachs and a Japanese bank looked ready to follow but markets were on edge as U.S. lawmakers clashed over a financial ...

Wherein We Look Around for a Fannie and Freddie Explanation We Can ... - Mediabistro.com
Receive mediabistro.com's Daily FishbowlNY Feed via email Click here to receive mediabistro.com's Daily Media Newsfeed via email. Rudd Center for Food Policy & Obesity at Yale is looking for a Communications Director . See the next featured job ...

TOPWRAP 4-Bailout debate rages as Buffett bets on Goldman - Guardian Unlimited
LONDON/NEW YORK, Sept 24 (Reuters) - Billionaire Warren Buffett bet on a Wall Street revival by buying a $5 billion stake in Goldman Sachs, and a Japanese bank looked ready to follow suit, but markets were on edge as U.S. lawmakers enter a second day ...

John Carney Updates Us On the Not So Wonderful Life of the Financial ... - Mediabistro.com
Receive mediabistro.com's Daily FishbowlNY Feed via email Click here to receive mediabistro.com's Daily Media Newsfeed via email. Rudd Center for Food Policy & Obesity at Yale is looking for a Communications Director . See the next featured job ...

Goldman gets Buffett boost amid bailout worries - MSN UK News
HONG KONG (Reuters) - Warren Buffett's $5 billion (2.7 billion pound) investment in Goldman Sachs brought good news to global markets worried that architects of a $700 billion bailout plan would not be able to convince U.S. lawmakers to move ...

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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