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$20.6 Million in Low Income Housing Tax Credits Will Create Jobs, Help ... - MSN MoneyCentralLANSING, Mich. , Nov. 25 /PRNewswire-USNewswire/ -- Governor Jennifer M. Granholm today announced that over 2,100 units of affordable rental housing will be built or renovated for low to moderate-income Michigan families, the elderly, people with ...
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HRPT Properties Trust Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day, everyone, and welcome to the HRPT Properties Trust third quarter 2008 financial results conference call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to the Director of ...
What do McCain and Obama's housing plans mean for La.? - Houma CourierBut Louisiana, with an economy dependent on the booming oil industry, has been isolated somewhat from the foreclosure boom in other markets. “We’re at the bottom of the list, in a good way, in the number of foreclosures,” said Jeff DeGraff ...
RAIT Financial Trust Q3 2008 Earnings Call Transcript - Seekingalpha.comWelcome to the third quarter 2008 RAIT Financial Trust earnings conference call. (Operator Instructions) I would now like to turn the presentation over to host Mr. [Andres Vershloff], Director of Corporate Communications. Thank you for joining us ...
Was Wargotz warned about robocalls? - Politickermd.comQueen Anne's County Republican Central Committee member Andrew Langer claims Republican County Commissioner Eric Wargotz was given plenty of warning before the central committee launched robocalls against him last week. But Wargotz insists he wasn't ...
2008 Financial Crisis - New York ObserverFrom The New York Times : "However dismal the outlook for Wall Street workers appeared at the end of the third quarter, the situation has gotten worse than most predictions. At the beginning of September, Moody’s Economy.com had predicted that 45 ...
Reponse to County Administrator's Budget Proposal Cuts Deep - San Juan Islanderposted 11/02/2008 There is no doubt that San Juan County’s $1.8 million shortfall will impact the quality of life that we all enjoy. Some people will lose jobs, others will have their work hours reduced and even more will lose services to which ...
GOP Mocks Public Service - Common DreamsFor the first time in American history, a major political party devoted a substantial portion of its national convention to attacking grassroots organizing. Speaking Wednesday at the Republican National Convention, former New York Governor George ...
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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