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News about Mortgages:
SunTrust Selects Mullen as Its Lead Agency - EarthtimesAuthor : SunTrust Banks, Inc. ATLANTA , Oct. 6 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that it has selected Mullen as its new Lead Agency, which will encompass advertising and integrated brand communications ...
Pressured to Take More Risk, Fannie Hit a Tipping Point - Blueridgenow.com“Almost no one expected what was coming. It’s not fair to blame us for not predicting the unthinkable.“— Daniel H. Mudd, former chief executive, Fannie Mae When the mortgage giant Fannie Mae recruited Daniel H. Mudd, he told a friend he ...
US stocks plunge as Fed moves fail to calm investors - Summary - EarthtimesWashington - US stocks fell sharply again Tuesday as investors remained unconvinced that new lending avenues created by the Federal Reserve would unblock credit to the struggling US economy. The three major stock indices each fell more than 5 per ...
Davis paid taxes late on home in Wisconsin - Minneapolis Star TribuneIndicted La. congressman hopes to repeat '06 win Scandal-plagued Jefferson heads to November runoff 6 seek to unseat scandal-plagued La. congressman Medical allegations stir up north Ala. House race Fiscal crisis looms large in 6th Dist. debate Brian ...
As Crisis Spreads, Europe Points Finger at America - Common DreamsLONDON - Financial firms are reeling in the United Kingdom, Ireland, and the Netherlands. Iceland is on the brink of national bankruptcy. A continent that has enjoyed steady growth for years is watching it all melt away. And everyone is pointing the ...
Berry: Political economic blather - Daily News TribuneIf I hear one more politician use the phrases "Wall Street" and "Main Street" in the same sentence, I'm going to start slapping people. And since the offending politicians, be they red or be they blue, aren't usually within arm's reach, my innocent ...
Kat Wilson from Canada writes: Canada 1, you may be interested in the ... - Globe and MailIn his first budget as Harper's finance minister, Jim Flaherty invited 'new players' - that is, U.S financial corporations - into Canada's mortgage insurance market and doubled the amount of government money available to back up private insurers from ...
No bank bailouts: Flaherty - Globe and MailCanadian financial services industry is solid and solvent, says the finance minister, while admitting that credit is tight ... Read the full article Conservatives Lie from Canada writes: No one believes Mr. Flaherty, Mr. Harper and the Conservatives ...
McCain's Desperate Claim: Obama is Dangerous. Vote for Me If You Want ... - Huffingtonpost.comThe McCain campaign is all set to roll out its message for the last 30 days of the campaign: "We may not be good for your bank account, your mortgage, your health care, or your job security -- but none of that will matter if you are dead. John McCain ...
Dion who has advisor Bob Rae who took Ontario from a 3 billion deficit - Globe and MailBosco . from Canada writes: There is a lot of Haper bashing going on right now, could someone please tell me how he effects the US economy and their mortgage crisis? The economy is now a global one, ripple effects from the US are being felt all over ...

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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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