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President-elect Obama's actions perk up stock market - USA TodayNEW YORK — President-elect Barack Obama hasn't even moved into the White House yet. But Wall Street is already showering him with praise for injecting confidence into the battered psyche of investors and working quickly to hatch a plan meant to ...
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Signs emerge that US downturn is accelerating - Belfast TelegraphPresident-elect Barack Obama introduces former Federal Reserve Chairman Paul Volcker (L) as the head of the newly created Economic Recovery Advisory Board during a press conference at the Hilton Hotel November 26, 2008 in Chicago, Illinois The US ...
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Tinsel and Tech: The Consumer-Electronics Gift Guide - FOX NewsTwo of Apple's aluminum-body laptops on display. Two of Apple's aluminum-body laptops on display. Yes, Virginia, there is an economic funk. And too many bum 401(k) statements have made Santa more "No! No! No!" than "Ho! Ho! Ho!" But though the elves ...
Ex-Fed chairman Volcker joins Obama's economic recovery team - The IndependentDarling on the defensive over 'unravelling' Budget New Labour restates its stance with Brown's pledge on tax Two weeks to cut rates, card issuers told Leading article: Ministers should concentrate their fire on the banks Banks 'must free up lending ...
Deeds Oct 1st thru 10th 2008 - Cecil WhigSedgrick L. and Lutisha S. Williams to Deutsche Bank National Trust, 221 Bennie Drive, Charlestown, $270,000, October 8. Deutsche Bank National Trust to Christopher B. and Amber L. Cranford, 221 Bennie Drive, Charlestown, $285,000, October 9 ...
Ames looks for another Skins Game win - FOX NewsAmes has won the last two Skins Games, pocketing more than $1.2 million in the process. But as he tries for a third straight title this weekend, he's not only thinking about the $1 million purse. "I'm just out here to have fun," Ames said Friday at ...
Get Out Of The House - San Francisco Gate1. Take a trip to the Ferry Plaza Farmers' Market on Saturday morning at the Ferry Building to pick up everything you need for dinner that night, and prepare it together. For lunch, take a break and stop by the Hog Island Oyster Co. for some of the ...
Chronicle's picks for Thanksgiving weekend - San Francisco GateMichael Bauer, Jesse Hamlin, Peter Hartlaub, Rob Hurwitt, Joshua Kosman, Mick LaSalle, Joel Selvin, Tom Stienstra, Aidin Vaziri, Sam Whiting, Steven Winn 1. Take a trip to the Ferry Plaza Farmers' Market on Saturday morning at the Ferry Building to ...
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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