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St. Louis banks suffer in slowdown - St. Louis Post-DispatchBanks in the St. Louis area are taking a beating in the recession, federal regulatory filings show. Profits are down as bad loans pile up, and a handful of banks are losing money. Of the top 25 banks in the St. Louis market, at least five are in the ...
Holiday Wishes: 'A car just made all the difference in the world' - Pioneer PressWhen Tammie Rogers' adjustable-rate mortgage increased and her monthly child-support check decreased, she lost her home to foreclosure. As the single mom struggled to regain her financial equilibrium, her older car began racking up big repair bills ...
Oliver Townend claims victory in Cardiff - Times OnlineOliver Townend, of Great Britain, riding Flint Curtis, his British team horse, won the record £100,000 first prize in the inaugural Express Eventing International Cup yesterday at the Millennium Stadium in Cardiff after a fearless performance over ...
Obama warns against WH 'groupthink' - Politico.comObama said he is “confident that this is the team that we need to make a new beginning for American national security.” CHICAGO – President-elect Obama took a swipe at President Bush and declared “complete confidence” in "my dear friend ...
Foreclosures leave erosion problems - GainsvilleTimesThe foreclosure crisis has been devastating to the U.S. economy, and now it appears the environment is suffering as well. Bert Langley, manager of the Georgia Environmental Protection Division’s Mountain District in Cartersville, said he’s seen ...
Credit card companies quick to raise rates, fees - Atlanta Journal ConstitutionGreg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank’s ...
Small town is jolted by allegations of fraud: Claremont resident is ... - TradingMarkets.com"This is agent Shawn Pruett with the N.C. Secretary of State's office," the woman recalled hearing. "Do you have money invested with J.V. Huffman? We've got him for fraud." "I started shaking so bad, it was like I was having a seizure," said the ...
Brown Shoe Company, Inc., Q3 2008 Earnings Call Transcript - Seekingalpha.comWelcome the third quarter 2008 Brown Shoe Company, Inc. earnings conference call. I would now like to turn the call over to Mr. Ken Golden, Director of Investor Relations. Good morning everyone and welcome to the Brown Shoe third quarter 2008 ...
Land Transactions - Clanton Advertiser• American General Financial Services of Alabama, Inc. to Rene Delano, land located in Section 23, Township 22, Range 13. • Larry Davis and Darlene Davis to Frank Venezia and Mary Venezia, land located in Section 10, Township 23, Range 13 ...
Who Crossed the Line on the Street? - BusinessWeekBy Mara Der Hovanesian Federal and state investigators, eager to show the world that they're on the case, are sifting through Wall Street's debris looking for evidence of wrongdoing. What they know is that big banks created toxic mortgages and ...
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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