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JEFF WOLF: NASCAR waves red flag amid ailing economy - Las Vegas Review Journal
Jeff Gordon drives during NASCAR Sprint Cup testing in January at Las Vegas Motor Speedway. NASCAR has suspended all testing at its sanctioned tracks next season in a cost-cutting measure. Special to the Review-Journal With financial firestorms ...

This week's oddball items of disinterest - CNN Sports Illustrated
New members of the Red Sox Hall of Fame, including Spaceman Lee (second from left) now have a chance to show what's left of their stuff in Cooperstown next June. For the past 10 weeks, this rejiggered space has been foraging through the sports ...

Network World - Network World Fusion
If a car owner doesn't pay back his car loan, the repo man usually arrives in the dark of night to take back the automobile. If a homeowner defaults on his mortgage, the bank forecloses on and seizes the house. The car and the house serve as the ...

Global Markets Week in Review: Turbulent Times - Seekingalpha.com
The Oxford Dictionary defines “volatility” as “liable to change rapidly and unpredictably, especially for the worse.” It’s not as if investors do not know this by now, as global stock markets were again subjected to extreme fluctuations ...

Words from the (Investment) Wise for the Week That Was (November 10 ... - Safe Haven
The Oxford Dictionary defines "volatility" as "liable to change rapidly and unpredictably, especially for the worse". It's not as if investors do not know this by now, as global stock markets were again subjected to extreme fluctuations during the ...

Hardship lingers on Texas' coast after Hurricane Ike - Dallas Morning News
CHAMBERS COUNTY, Texas – When Hurricane Ike swallowed their beachfront home and all of their belongings, Darlene and Mark Pagels tried to hold it together. They borrowed underwear and shoes. They slept in one-hour shifts at a local hospital. They ...

November 2008 - Posts - MSNBC Firstread
For the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...

Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island Advance
Advance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...

November 2008 - Kansas City Star Blogs
I hope that the people who elected Barack Obama did so for the right reasons. I’m not sure President Bush was elected that way. It would be sad if academia, the mainstream press, Hollywood, liberals, ethnic groups and die-hard Democrats elected ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

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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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