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Local family moves into Habitat for Humanity home in Quincy - Patriot LedgerA local woman and her two children are moving into a Habitat for Humanity home on Bower Road in Quincy Center. Nancy Abrams, who has lived in the city for 16 years, passed papers on the house Friday. It is the sixth Habitat home in the city and the ...
Mercantile Bancorp, Inc. Declares Regular Quarterly Cash Dividend - Market WireQUINCY, IL--(Marketwire - November 18, 2008) - Mercantile Bancorp, Inc. ( AMEX : MBR ) (NYSE Alternext U.S.: MBR) announced today that its board of directors declared a quarterly cash dividend of 6 cents per share -- consistent with the past several ...
I Did Not Vote - Harvard CrimsonOn Nov. 4 I was going into Quincy House to grab a quick lunch when a couple with a sandwich board stopped me at the front gate. “Are you going in to vote?” the woman asked me. I told her I wasn’t American as I rushed past. “What did he say ...
Royal Philips healthcare unit lays off in Andover - Boston GlobeRoyal Philips Electronics NV's healthcare unit, based in Andover, said it cut 5 percent of its workforce this week, or 1,600 jobs worldwide, including fewer than 100 in Andover. Spokesman Ian Race said the cuts were needed to streamline management ...
Maine lenders say they're ready to help businesses - CNBCAUGUSTA, Maine - Maine banks and credit unions said Monday they're financially healthy and ready to talk to borrowers as they addressed a legislative committee trying to assess how the state's financial services industry and businesses are faring ...
Stamford-based Harman readies to weather economic storm - Stamford AdvocateAs Americans cope with lost jobs, mortgage and credit card debt, falling home values and stock prices, Harman International Industries of Stamford said it hopes consumers will keep buying home entertainment speakers that can cost as much as $2,300 ...
Westboro condos set for auction - Worcester Telegram & GazetteWESTBORO— Sixteen of the 44 luxury condominiums in Bay State Commons will be up for auction Saturday. Starting bids will be less than 60 percent of the original asking prices. The condos, known as Parkview on the Commons, are a few yards from the ...
South Mountain family still stunned by home - Waynesboro Record-HeraldA day after seeing their new home at 12881 Loop Road for the first time, members of the Drumm family were still in shock Saturday. “We really want everyone to know how thankful we are,” Blasia Drumm said with tears in her eyes. The family spent ...
Is America angry at GM, Ford, Chrysler? - Ann Arbor News BlogEven if the Big Three automakers get their bailout, they face a bigger problem than they ever imagined. If we've learned anything the past few weeks, it's that Americans are either mad at General Motors, Chrysler and Ford, or, worse, they're ...
Summit participants ponder Cape's economic, demographic problems - Cape Cod TodayA year ago, demographer Peter Francese warned the first Cape Cod Economic Summit that demographic trends showed that population growth on the Cape, long one of the fastest growing areas in New England, had essentially stopped, and that the Cape ...
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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