Greenbush Mortgage Rates and Information Online from competing Lenders

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Dems: Jimino's budget unrealistic - Troy Record
TROY — Democratic minority members of the Rensselaer County Legislature released their report on the county’s tentative 2009 budget, which outlined their concern that, despite the fact that the county’s tax rate remained, the tax levy is ...

Official faults town budget - Independent News Online
E.GREENBUSH--A proposed tax rate increase prompted a Town Board member to vote against the 2009 budget during a meeting Wednesday. Councilman Rick Matters said he doesn't agree with additional revenue enhancements by way of increased tax rates. The ...

Probe asks why ballot had Osama for Obama - Buffalo News
TROY (McClatchy Newspapers) — The Rensselaer County Legislature will investigate how the county Board of Elections printed “Osama” instead of Obama on 300 absentee ballots. The Republican majority and Democratic minority agreed Saturday that ...

McCain tussles with Palin over whipping up a mob mentality - Times Online
With his electoral prospects fading by the day, Senator John McCain has fallen out with his vice-presidential running mate about the direction of his White House campaign. McCain has become alarmed about the fury unleashed by Sarah Palin, the moose ...

People On the Move - Albany Business Journal
Pryba Tobin & Co. CPAs P.C. in Latham added Roberta McKinney as a staff accountant. McKinney was previously a staff accountant with another company. She has five years of accounting and tax experience. Carl J. Basile joined the Albany office of ...

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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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