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Letters, 11/14: Promises to Republicans - Lincoln Journal StarI read Gail Skinner’s letter Nov. 7 and wondered if he thought the end of the world was coming with Barack Obama’s election. I am a liberal and a Democrat, and I think my letter speaks for the majority of us. To conservatives and Republicans, I ...
CapeCodToday Blog Chowder - Cape Cod Today"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...
Nick Robinson's Newslog - bbcWith one bound they were free. The Tories are no longer committed to matching Labour's spending plans. In a speech this morning David Cameron says that his party will take another look at what government should be spending in what is likely to be ...
Why The Housing Market Has To Bottom Out - New York ObserverGeraldine Sargeant. Bob Knakal. Massey Knakal chairman Bob Knakal, in his latest commentary, tackles the almost Zen question of why the housing market has to bottom out before the overall economy can get stronger: Much of the consumer spending that ...
It's JOBs, Stupid ! - OpEdNews.comCall me crazy, or call Treasury Secretary, Hank Paulson, crazy. You decide. This week Paulson announced that he'd changed his mind about how to best distribute the three-quarter trillion bucks Congress grave him to jolt our Frankenstein monster ...
Another MISS in the game of Battleship - OpEdNews.comThe new plan hits banks and speculators broadside. A "Direct Hit"-. But myself, and I suspect many of you, shivering in your homes in November, are commanding the stealthiest ship in the navy. We are clearly off the radar. The unseen, USS Tak'in ...
Darling details £50 billion bank bailout plan - Times OnlineChancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...
Political Punch - ABC News BlogsJake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. In that one battleground, Obama has 50 campaign offices to McCain's ...
Golden Parachutes, Even For Bailed-Out Execs, Are Alive And Well - Huffingtonpost.comTo summarize this, the executives can get a huge bonus or salary or golden parachute, all they have done is not make it tax deductible if it is over $500,000. They still get to pay them. There is an excise tax on the exec. Treasury announces ...
The Note: McCain Down But Not Out - ABC News BlogsLet’s hope Joe the Plumber doesn’t charge by the minute -- the 15th can be the roughest. Maybe John McCain’s last great comeback isn’t possible. Maybe it’s only possible on the back of a plumber from Ohio (albeit one who could have used ...
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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