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Like tulips, wealth can wither and bloom again - Times OnlineThe roots of our economic uncertainty are entwined with those of the tulip, a Turkish wildflower that begins life as an ugly brown bulb and grows into a plant of voluptuous beauty and vivid colours, a source of fascination, speculation and ...
Cathy Horyn Explores What’s Wrong With Vogue - Nymag.comThe flurry of rumors about Anna Wintour leaving Vogue have settled, making way for exploratory stories about why they started in the first place. Cathy Horyn offers the long answer to this question in the New York Times . Vogue 's ad pages declined 9 ...
The Upside of Obama - Article.nationalreview.comI f the election of Barack Obama — a 47-year-old black man with a political resume as ephemeral as a Mets pennant drive and a governing philosophy as dubious as Paris Hilton’s choice of boyfriends — accomplishes nothing else, it should ...
Sunday Q&A: On call for your legal queries - Houston ChronicleTravis Sales, president of the Houston Bar Association, volunteers at LegalLine roughly three times a year. LegalLine offers free legal advice on selected days of each month in English, Spanish or Vietnamese. Up to 250 calls may be received in an ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. XM Satellite Radio Holdings and Sirius Satellite Radio appear to be finally approached the end of their now 520-day slog to merge with today ...
Barack Obama is Caribbean Business Report's Business personality of ... - Jamaica ObserverThe year 2008 will go down as one of the most challenging for global economics, and some are already calling it the Great Depression II. Closer to home, Jamaica was buffeted by rampant inflation, escalating oil prices, a widening trade imbalance, a ...
To live in remarkable times - Guardian UnlimitedI remember when I felt the chancellor giving me a poke. It was a month ago. I'd come back to London from a weekend away and, on a whim, went straight from the train to Oxford Street to buy a DVD I'd been coveting. I found it in Zavvi 's comedy ...
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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