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News about Mortgages:
Mercantile Bancorp Completes HNB Bank and Perry State Bank ... - MSN MoneyCentralMercantile Bancorp, Inc. (AMEX: MBR) announced today it has received regulatory approval to combine its two issouri-chartered banks, Perry State Bank, with HNB National Bank, a wholly owned subsidiary of HNB Financial Services, Inc., all entities ...
Coldwell Banker Howard Perry And Walston Adds New Agents To Amy ... - dBusinessNews.comDURHAM , N.C. – Kevin Woody, broker-in-charge for the Coldwell Banker Howard Perry and Walston ( www.hpw.com ) Southpoint office, has announced that Lili Early, Nogui Aramburo, Paul Hogle and Brian Wells have joined the Amy Pomerantz group at the ...
HMS Detroit gone for good - Windsor StarAMHERSTBURG -- The 25-year-old dream of a replica 19th century warship based in historic Amherstburg luring tourists, offering sunset cruises and sailing lessons to youngsters is finally dead. The replica hull of the HMS Detroit was towed Wednesday ...
Latest News - dBusinessNews.comSIA Group Named To Inc. 5,000 List RALEIGH, N.C. – Don Mills, president of SIA Group (www.siagroup.net), ... Neuse River Networks Announces Triangle Open Source Lab Meeting A Success RALEIGH, NC, September 5, 2008 – Neuse River Networks President ...
Lincoln ranked No. 1 in insurance sales - Evening StarThe organization formerly known as the Life Insurance Management Research Association ranked Lincoln National Corp. at the top of the industry in life insurance sales for 2007. The Philadelphia-based insurance and financial-services company does ...
Still a smash - SLAM! SportsThe crunch of tons of metal and rubber colliding reverberates through wooden grandstands, acrid exhaust fumes mix with the sweet scent of cotton candy and small plumes of smoke, dust and flecks of engine oil paint the autumn air. Just as much as Aunt ...
September August July June May April March February January 2007 - Nypress.comComing off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...
September 2008 - Boston PhoenixST. PAUL--Suppose Sarah Palin had somehow ended up as the Republican presidential nominee this year. Suppose she’d picked John McCain as her running mate. And suppose he’d given the speech he did tonight. You know what people would be saying ...
September 2008 - Posts - MSNBC FirstreadST. PAUL, MN -- Last night, John McCain wrapped up the final night of a two-week convention and VP rollout blitz as we now head into the 60-day sprint until Election Day. But McCain's speech seemed to be a missed opportunity. It appears the campaign ...

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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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