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Grand jury indicts 17 in mortgage fraud case - Blue Springs Examiner
A federal grand jury has indicted four Lee’s Summit residents and 13 others in a $12.6 million mortgage fraud scheme that involves 25 residential properties in Lee’s Summit and Raymore. Angela R. Clark, 40, James F. Simpson, 39, Cynthia D. Jordan ...

Missouri Real Estate Agent, Loan Officers Among Those Indicted For $12 ... - Earthtimes
KANSAS CITY, Mo. , Oct. 29 /PRNewswire-USNewswire/ -- A real estate agent and two former loan officers in Lee's Summit, Mo. , are among 17 defendants indicted by a federal grand jury today for their roles in a $12.6 million mortgage fraud scheme that ...

Business Bankruptcies - Minneapolis Star Tribune
This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...

LAWRENCE COUNTY DEEDS - Ellwood City Ledger
Ellwood City: 716 First Ave., Bradley Snyder to Federal National Mortgage Assn., $1,165. 315 Line Ave., Thelma Miller to Steven Miller, $67,000. North Beaver: Devils Backbone Road, W. Thomas Andrews et al. to Norman and Kathleen Mihm, $90,000. 118 ...

Real estate agents indicted for fraud in Raymore - Democrat Missourian
Two former loan officers in Lee’s Summit are among 17 defendants indicted by a federal grand jury Wednesday for their roles in a $12.6 million mortgage fraud scheme that involved 25 residential properties in Lee’s Summit and Raymore, according to ...

The relative worth of one's work - Yakima Herald Republic
Links Imagine if one of the now unemployed Wall Street tycoons had lived in the Yakima Valley, with a Tieton Drive address instead of a Park Avenue pent-house in New York City. Better yet, imagine if this CEO and his eight-figure salary was spread ...

Council orders red-tagged house be razed - Sioux City Journal
SIOUX CITY -- One house used in a suspected marijuana growing operation will be razed, while a second house involved in the same venture will be saved. The City Council voted Thursday night to demolish a house at 201-03 13th St., but deferred action ...

Erie County Real Estate Transactions - Buffalo News
• 888 West Alaura Drive, Jason M. Blatner to Susan M. Congdon, $150,000. • 1546 Crittenden Road, Peggy Ann Beals; James F. Ludwig to Alden State Bank, $115,299. • 3089 Old Wende Road, Joseph Krull to Henel-Mattison Holdings Llc, $24,000 ...

Legendary Ohio lobbyist might sue former partner over finances - The Columbus Dispatch
For 20 years, Republican Neil S. Clark and Democrat Paul Tipps were Capitol Square's lobbying kingpins, partners who wielded more influence over public policy than most legislators and who forged a seemingly unbreakable friendship. Along the way ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
I have to take medication for a chronic illness that I have, and instead of taking them everyday, I now take them every other day because health care cost is so high and I have to make them last so I can have more money to buy gas and food! Kelly ...

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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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