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Government may soon back troubled mortgage giants - Forbes
The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's ...

Gov't may back top troubled mortgage companies - International Herald Tribune
WASHINGTON : Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday ...

Paulson Plans to Bring Fannie, Freddie Under Government Control - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage ...

Bailout in works for Fannie, Freddie - Memphis Commercial Appeal
WASHINGTON -- Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday ...

State of Franklin Savings Bank to sell to Morristown bank - Johnson City Press
State of Franklin Savings Bank’s decade-long run as the only Johnson City-headquartered bank has ended with its sale to Morristown-based Jefferson Federal Bank, pending approval by SOFB shareholders, and co-founder Charles E. Allen, Jr., is ...

In Defense of Subprime - Cornell Daily Sun
Both Sen. Obama and Sen. McCain have attacked everybody from hedge fund managers to oil companies for the doldrums that our economy is in. The root of all evil, as many would have us believe, is the subprime mortgage market and predatory lenders. Yet ...

Up Next - CBS News
THE WAR WITHIN - In his latest inside-the-White-House book, legendary reporter Bob Woodward reveals the thoughts and strategies governing the war in Iraq that come directly from President Bush and his inner circle. Scott Pelley reports. Robert ...

MAHONING COUNTY - Vindicator
Humes A. Gregory Jr., 48, of 129 E. Lucius Ave., Youngstown, and Shannon M. Petrosky, 31, of same. Vincent A. Paolone, 41, of 5881 Cherrywood Drive, Boardman, and Silke Grothe, 42, of same. Brandon J. Farragher, 27, of 1348A Redhawk Tail Drive ...

Jailed CA Ex-Chief Kumar Points at Others - CFO.com
Former CA chairman Sanjay Kumar, from the prison cell where he is serving a 12-year term for his role in a massive accounting fraud scandal, pointed the finger at one-time boss and friend Charles Wang. Kumar alleged that Wang, cofounder of the ...

Text of John McCain's speech - Detroit Free Press
Thank you all very much. Tonight, I have a privilege given few Americans -- the privilege of accepting our party's nomination for President of the United States. And I accept it with gratitude, humility and confidence. In my life, no success has come ...

Dryden	Eustis	Jay	New Vineyard	Phillips	Strong	West Farmington

East Dixfield	Farmington	Kingfield	North Jay	Rangeley	Temple	Wilton

East Wilton	Farmington Falls	New Sharon	Oquossoc	Stratton	Weld


Today's Mortgage Terms starting with A Accrued Interest: Interest earned but has not been paid Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan. Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change. Adjustment Period: Applicable to an ARM, the time between changes in the interest rate. Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time. Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding. Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance. Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time. Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

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Franklin Mortgage Rates and Information Online from competing Lenders

Today's Mortgage Terms starting with A