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McCain's Annoying Little Fraud - Slate( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...
City employees accused in mortgage scheme - Detroit NewsDETROIT -- A former Detroit police officer and a city appraiser are among three defendants named in a $2.1 million mortgage fraud and real estate "flipping" indictment announced Friday by the U.S. Attorney's Office in Detroit. More than 35 Detroit ...
Open warfare as Labour's relaunch falters - Guardian UnlimitedGordon Brown was pinning hopes of a revival on the stamp duty freeze, but it had little appeal for voters. Photograph: Lewis Whyld/Reuters After a week that was supposed to 'relaunch' Labour on a path to better political health, Gordon Brown heads ...
Monday, September 1 - Street.Com9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended August 30 International Council of Shopping Centers and UBS +0.1% n.a. +0.2% +0.2% 9 a.m. Johnson Redbook Retail Sales Index for the week ended August 30, vs. July Redbook Research ...
Home economics - Baltimore SunW hen DeWitt Doss moved to Maryland in 2006 to accept his first teaching position with Baltimore City public schools, the Niagara Falls, N.Y., native wasn't looking to buy a home. His chief concern was educating young people. "I love helping the kids ...
Fannie Video Gallery - CNBCFannie and Freddie shares are soaring on new the Treasury is close to finalizing a backstop plan, with Bill Gross, PIMCO... Top executives and board members of Fannie Mae and Freddie Mac were meeting today with with their regulator in Washington to ...
U.S. may take control of mortgage giants - MSN UK NewsWASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae
and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday ...
US government to take control of Fannie, Freddie-papers - Forbes
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) under federal control, the New York Times and ...
Frank Confirms Treasury Intervention To Shore Up Fannie Mae, Freddie ... - Wall Street Journal
Rep. Barney Frank (D., Mass.) confirmed that Treasury Secretary Henry Paulson is planning government intervention to back troubled mortgage giants Fannie Mae and Freddie Mac . The chairman of the House Financial Services Committee said in a statement ...
Senate Democrats urged to pass energy relief bill - Newsday
The Senate Democratic minority yesterday urged the Republican majority to return to Albany to pass an energy relief package of legislation in advance of the upcoming winter. The proposal would increase the grants for lower-income families making up ...

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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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