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UK govt, authorities to meet on financial crisis - ForbesLONDON, Oct 7 (Reuters) - British Prime Minister Gordon Brown and Finance Minister Alistair Darling will meet the heads of the Bank of England and Financial Services Authority on Tuesday for talks on stabilising the banking system. A spokesman for ...
UK government and authorities to meet on crisis - Washington PostLONDON (Reuters) - British Prime Minister Gordon Brown and Finance Minister Alistair Darling will meet the heads of the Bank of England and Financial Services Authority on Tuesday for talks on stabilizing the banking system. A spokesman for Brown ...
Citizens' parent seeks aid - Boston GlobeRoyal Bank of Scotland Group, the parent of Citizens Bank, is seeking a financial boost from the British government after the bank's credit was downgraded and its share price plunged 39 percent yesterday on fears of massive losses. Standard & Poor's ...
UPDATE 6-UK govt, authorities to meet on financial crisis - ForbesLONDON, Oct 7 (Reuters) - British Prime Minister Gordon Brown and Finance Minister Alistair Darling will meet the heads of the Bank of England and Financial Services Authority on Tuesday for talks on stabilising the banking system. A spokesman for ...
Darling Says Rescue Will Go Long Way to Aid Banks (Update3) - BloombergOct. 8 (Bloomberg) -- Chancellor of the Exchequer Alistair Darling said a 500 billion-pound ($876 billion) rescue package, the biggest in U.K. history, will ``go a long way'' to prevent the banking system from collapse. ``We are beginning the process ...
Brown Calls Bankers Meeting After RBS Falls the Most 20 Years - BloombergOct. 7 (Bloomberg) -- Royal Bank of Scotland Group Plc fell 39 percent in London trading, the most in at least 20 years, on speculation it will be the next U.K. lender to get government assistance. RBS, Britain's second-biggest bank, had its biggest ...
Financial crisis: firemen look to douse the worldwide panic - Daily TelegraphAlistair Darling arrived this weekend in Washington braced once more to fight the fires raging in the global financial system. Finance ministers from the other leading industrial nations arrived dishing out soundbites. “If money doesn’t roll, the ...
Five days that shook the world - Times OnlineBEFORE US Treasury secretary Hank Paulson could address a worried world last Friday night the lights needed fixing in the auditorium of the Office of Thrift Supervision. The recent glare of publicity has literally been too much for the 62-year-old ...
Readers' kindness adds up in the wake of big mistake - Dubuque Telegraph HeraldRaised in western Iowa, I often heard this phrase: "We're all in this together." It was comforting for a kid to know that was the family credo. It basically let family members know that whatever was wrong, they'd have company muddling through. Then ...
Brown holds crisis summit with bank bosses as ministers prepare rescue ... - Daily MailChairman of the FSA Adair Turner arrives at Downing Street for a special financial meeting with Prime Minster Gordon Brown, Chancellor Alistair Darling and Bank of England Governor Mervin King Gordon Brown is holding a crisis summit with the governor ...

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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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