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News about Mortgages:
REAL ESTATE - News-Democrat• 2000 S. 11th St.; from Beverly Elge, trustee; to Gregory Harris; $30,000. • 318 W. Cleveland Ave.; from Christy L. Hancock and Roger L. Hancock; to Paul Steigerwald; $75,000. • 6 Pageant Court; from Mary J. Daugherty; to John Brown and Kylee ...
Banks here not taking bailout - DeWitt Era-EnterpriseThe line is forming for federal money to bailout banks, but the three local banks in DeWitt won’t be in it. Arkansas County Bank, DeWitt Bank and Trust and Farmers and Merchants Bank have all said they will not seek money from the TARP (Troubled ...
Biz Roundup - Business Monthly'Larger Deals' Underway at Columbia East Marketplace Within the next month, Atlantic Realty will make a "major announcement regarding some larger deals" at Columbia East Marketplace, according to David Ross, Atlantic's partner and president. "These ...
Benton A&P Commission outlines preliminary plans for an events center ... - Benton CourierA number of local residents looked over the preliminary designs for a proposed events center and equestrian complex Thursday night in a session at Benton’s Advertising and Promotion Commission. Jim Kudrna, director of design for GH2/Gralla ...
People On the Move - Sacramento Business JournalJason Russell has been hired as an audit manager at the certified public accounting firm in Sacramento of Marcia Fritz & Co. He has more than seven years of experience in the areas of nonprofits, privately held for-profit entities and local ...
Video Games: The Way Wii Were - Baltimore City PaperBy cuisine Afghan African American Argentine Asian Bangladeshi Barbeque Bistro Brazilian Breakfast Brewpub Burgers Café Cajun Cal-Mex California Cantonese Caribbean Chinese Coffee shop Contemporary Continental Crab House Creole Cuban Danish Deli ...
Voters still heading to polls - Scranton TimesAs Pennsylvanians cast their ballots in the culmination of one of the longest, most intense presidential campaigns in history, the outcome could be riding on their decision, with some analysts predicting that as the Keystone State goes, so goes the ...
RNC Media Intimidation Condemned - Common DreamsMINNEAPOLIS - Police and local and federal officials in St. Paul, Minnesota are under fire from independent media groups for their crackdown on reporters at this week's Republican National Convention. "We are concerned that police in St. Paul ...
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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