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Hampton area business briefs - Portsmouth Herald'Connect' at chamber on Dec. 3 The next Hampton Area Chamber Commerce "Chamber Connection" daytime networking event is Wednesday, Dec. 3 at the chamber office, One Lafayette Road in Hampton. Guest speaker is Daniel Smith of Wood Brothers Moving ...
New Crisis As Malls, Hotels Face Foreclosure - WTOV 9According to a report out Saturday from the Associated Press, malls and hotels are now affected by the mortgage crunch sweeping the nation as many of them are facing foreclosure. "When it comes to businesses having problems ... it ripples throughout ...
Oh, crystal ball, which stock should I choose? - HamptonRoads.comBy Ruth La Ferla The New York Times On a good day last summer, Thomas Taccetta, a stock trader, might have checked his financial charts before plotting the day's investments. Today he is likely to check in with his psychic as well. "I'll play the ...
Henry Paulson Video Gallery - CNBCCNBC's Hampton Pearson has the latest on Paulson's new plan for the economy and Obama's economic team. Feedback on the Treasury Secretary's statement on the rescue plan update, with CNBC's Dennis Kneale and Michelle Caruso-... Paulson Q&A, Pt. 1 ...
Plan would help reduce bank-owned houses sitting vacant - HamptonRoads.comA new federal program aimed at stabilizing neighborhoods hit by foreclosures will inject roughly $46 million into Virginia next year, with South Hampton Roads receiving as much as $10 million in help. The money, provided through the federal ...
Atlanta Journal-Constitution - Atlanta Journal ConstitutionThe entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...
Builder giving away house at Eagles game - Philadelphia InquirerIt's the fourth quarter, the clock is running, and your team needs to score big to stay in the playoffs. It might be time for the "Hail Mary" pass, but in this case the team is not the Philadelphia Eagles but Pulte Homes Inc.'s Delaware Valley ...
Walker scores 30 as No. 3 Cal routs Texas Tech - FOX NewsST. THOMAS, U.S. Virgin Islands — Ashley Walker scored 30 points to help No. 3 California rout Texas Tech on Friday night at the Paradise Jam tournament. Cal (5-0) has won its first five games for only the second time in school history. Texas Tech ...
Wheat farmers set example - Portsmouth HeraldWith gas back down under $2 and most commodities, including food, also returning to traditional price ranges, it is important that we not forget the uncertainty of this past summer, when $5 for a gallon of gas seemed possible and food prices had many ...
Dollar Falls Against Yen as Reports to Show Deepening Recession - BloombergDec. 1 (Bloomberg) -- The dollar fell against the yen before U.S. reports that may show manufacturing shrank and employers cut jobs by the most since 2001 as the recession deepens. The euro fell against the dollar as traders bet the European Central ...
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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