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News about Mortgages:
Kentucky banks remain a sound investment - Ledger IndependentDespite the current national financial crisis, officials with area banks say their institutions remain financially solid and that loans for new homes and cars are available for credit-worthy customers. According to Bank of Maysville officer and State ...
Restaurant's business better with smoking, but not back to pre-law ... - WATEIt's been more than six months since a North Knoxville restaurant decided to limit diners to 21 and up to comply with the new state smoking law. The NRC is delaying a decision on whether to allow EnergySolutions Inc. to import the largest-ever amount ...
HealthPoint closes Augusta facility: Employees given 10 minutes to ... - Ledger IndependentAUGUSTA -- Leaving a gaping wound in Bracken County health care availability, HealthPoint Family Care abruptly closed the doors of its Bracken County offices Tuesday. Staff members learned of the decision to permanently close shortly after 12:30 p.m ...
Obama in the Tank for Pritzker - Spectator.orgToday's banking crisis demonstrates that keeping our banks safe is the President's highest responsibility. If our banks are collapsing, we can't pay our bills, and our government can't fund health care, fight wars to defend us, rebuild our roads, or ...
Hebrides revisited - Guardian UnlimitedColonsay was my favourite place. To be specific, a flat rocky outcrop in a field outside a white cottage called Uragaig, at the top of a hill gazing down over Kiloran Bay to the sea, was my favourite place. Every year I counted down the days until I ...
Economic outlook grim - Sydney Morning HeraldNSW Premier Nathan Rees says the economic outlook for NSW is more bleak than he expected, and difficult decisions will have to be made. Mr Rees today received his second economic briefing since being installed as premier yesterday afternoon, during ...
Archive » 2003 » October - BankerAttendees at The Banker ’s glittering awards ceremony, which was compered by BBC presenter John Humphrys, were treated to a keynote address on the global economy by Charles Dallara, managing director of Washington’s Institute of International ...
Archive » 2004 » September - BankerThe Banker’s Bank of the Year Awards this year reflect a bumper year for profits, as many banks have posted record earnings in 2003 and continue to improve in the first half of 2004. While the global economic recovery remains unsteady and the ...
Ala. woman's murder case going to grand jury - WATEThe case against the suspect in Jennifer Hampton's murder has been bound over to a grand jury. A Knoxville woman is charged with TennCare fraud for trying to use the program to fill prescriptions that were forged. After 6 News reported about $60,000 ...
After shooting, mall workers say more security needed - WATEThe day after the deadly shooting at Knoxville Center Mall, several employees say more security is needed because they don't feel safe at work. Beleaguered boatmaker Brunswick Corp. says it's cutting 1,400 additional jobs as the company shuts four ...

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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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