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When you're on the road, know what makes home 'home' to you - St. Petersburg TimesTAMPA — When it comes to touring theater, The Phantom of the Opera is like a luxury liner. Just ask the Phantom himself. "When you get a job like this in this business you ride it as long as you possibly can, as long as you have your sanity,'' said ...
William Jefferson... still in Congress - MSNBC FirstreadWilliam Jefferson... still in Congress Posted: Monday, November 17, 2008 3:54 PM by Domenico Montanaro Filed Under: Congress , Democrats From NBC's Doug Adams Remember William Jefferson , the Louisiana congressman who was indicted last year on ...
Headline: 'Are You an Idiot to Keep Paying Your Mortgage?' - News BustersIn today's "You've Got to be Kidding Me" moment, the San Francisco Chronicle advocated that folks who owe more on their mortgages than their homes are worth should stop making payments so they can qualify for a government bailout. I'm not kidding. If ...
Business briefs - Berkshire EagleLegacy Banks will hold a free workshop at 5 p.m. on Wednesday that will be geared toward renters who would like to work toward purchasing a home. The workshop will take place at the bank's branch office at 76 Park St. The round-table workshop will ...
Illinois home sales, prices drop in third quarter - Chicago TribuneIllinois home sales tumbled 21.2 percent in the third quarter, and the median sale price dropped 8.2 percent, a trade group reported Monday. The number of single-family homes and condominiums sold in the state during the latest quarter declined to 31 ...
Fannie, Freddie suspend foreclosures - Denver PostNov 20: Stocks tumble for second day; Treasurys surge Dems delay auto bailout vote, seek plan from Big 3 Nov 13: Stocks shoot up 550 as investors swarm back in Colorado foreclosures mixed OECD says developed world already in recession Oversight of ...
Illinois Third Quarter Home Sales Down 21.2 Percent - Biloxi Sun HeraldStatewide Median Price at $190,000 SPRINGFIELD, Ill., Nov. 17 /PRNewswire-USNewswire/ -- Job losses and economic uncertainty continue to impact the housing market while home price affordability and supply present opportunities for first-time buyers ...
Dems delay auto bailout vote, seek plan from Big 3 - Denver PostHouse Speaker Nancy Pelosi of Calif, second from left, gestures during a news conference on Capitol Hill in Washington, Thursday, Nov. 20, 2008, to discuss the auto industry bailout. From left are, House Majority Whip James Clyburn of S.C., Pelosi ...
Bank's demise one for textbooks - The Columbus DispatchCleveland-based National City scooped up companies that originated subprime mortgages, then offered the risky loans on its own to its core market in the Midwest and eventually to home buyers all over the country. The risk-taking behavior was in ...
Agencies that help the needy need some help of their own - Patriot LedgerCheck out our " Hard Times " special report, documenting the everyday struggles of people on the South Shore, and find out ways you can help. “This is so hard,” he said. “I didn’t think I’d see the day when I couldn’t take care of my ...
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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