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Global recession damaging industrial exports - Sri Lanka Sunday Times
The global recession is here to stay for sometime. Its intensity and duration remains uncertain. Even with the various recovery plans in place, it is likely to take a minimum of about three years for economies to get back to their former growth paths ...

George F. Will - Newsweek
It is futile, but not pointless, to note that the federal government's blizzard of bail-outs is unconstitutional. At least that would be the correct judgment were the policy brought before the Supreme Court to be judged with reference to the doctrine ...

TARP and ADD - Newsweek
It is futile, but not pointless, to note that the federal government's blizzard of bail-outs is unconstitutional. At least that would be the correct judgment were the policy brought before the Supreme Court to be judged with reference to the doctrine ...

It Isn’t a TARP Without Troubled Assets to Cover: Caroline Baum - Bloomberg
Nov. 19 (Bloomberg) -- Every time Treasury Secretary Hank Paulson updates us on the government’s efforts to stabilize the financial system and announces the latest twist in the Troubled Asset Relief Program, I get a sinking feeling in my stomach. I ...

'It's the deflation, stupid' - United Press International
LOS ANGELES, CA -- Jeffrey Gundlach leans back in his chair, and rolls what seems to be a puff of smoke around in his mouth. Actually he's not smoking a cigar, but Gundlach -- the chief investment officer of Trust Company of the West, and one of the ...

Paulson keeps us in dark on rescue plan  - Business Day South Africa
EVERY time Treasury Secretary Hank Paulson updates us on the government’s efforts to stabilise the financial system and announces the latest twist in the Troubled Asset Relief Programme (Tarp), I get a sinking feeling in my stomach. I know he will ...

HP profit a 'ray of sunshine' - The Age
Hewlett-Packard shares rose the most in six years in New York trading after posting profit that beat analysts' estimates and forecasting growth in 2009, signalling that the personal-computer maker will withstand a global slump. Fourth-quarter ...

Hewlett-Packard surges as profit beats estimates - The Age
Hewlett-Packard rose the most in six years in New York trading after posting profit that beat analysts' estimates and forecasting growth in 2009, signaling that the personal-computer maker will withstand a global slump. Fourth-quarter earnings were ...

Ed Lotterman: Everyone wants on the financial rescue train - Idaho Statesman
T he more we hear about the government's ever-changing $700 billion Troubled Assets Relief Program, the more it sounds like a "trem de alegria" leaving the station. Literally "train of happiness," this is an episodic phenomenon in Brazilian politics ...

Analysis: Freedom movement far from dead - Clovis News Journal
It’s almost enough to make you wonder whether the cause of individual liberty is lost. Shortly after the financial crisis hit, Jacob Weisberg, editor in chief of the online magazine Slate, wrote an article with the headline “Libertarianism is ...

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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