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Randolph town meeting votes down police contract - Patriot LedgerA new three-year contract with police patrol officers was turned down by Tuesday night’s special town meeting. A contract settlement with library and clerical workers was approved. The rejected patrol officers contract includes raises averaging ...
Crist announces delay in foreclosures - Gainesville SunTALLAHASSEE - With Florida residents facing one of the highest foreclosure rates in the nation, Gov. Charlie Crist announced Monday that the state's bankers and credit unions have agreed to a voluntary delay in any foreclosure sales on homes or new ...
Homeowners get a reprieve - Herald TribuneGov. Charlie Crist and Alex Sanchez, president of the Florida Bankers Association, appeared together to announce the program. But other than emphasizing the need for financially troubled homeowners to talk to their lending institutions, the ...
Lenders OK 45-Day Delay in Acting - The LedgerTALLAHASSEE | With Florida residents facing one of the highest foreclosure rates in the nation, Gov. Charlie Crist announced Monday that the state's bankers and credit unions have agreed to a voluntary delay in any foreclosure sales on homes or new ...
Crist Announces Voluntary Delay in Home Foreclosures - The LedgerTALLAHASSEE | With Florida residents facing one of the highest foreclosure rates in the nation, Gov. Charlie Crist announced Monday that associations representing the state’s banks and credit unions have agreed to delay any foreclosure sales on ...
Citi(adel) crumbles - Deccan HeraldProviding a holistic perspective, Erich Dash & Julie Creswell * recapitulate how Citigroup saw no red flags even as it made bolder bets in its adrenaline rush to riches. O ur job is to set a tone at the top to incent people to do the right thing and ...
JOBS ON THE LINE: For some, jobs at new Massillon hardware store would ... - IndependentDennis Randolph inched his way toward the door like a Black Friday shopper waiting all night for the best deals. Randolph was in a line roughly 400-people long, but he wasn’t there to spend money. Rather, he was hoping to make a little. Randolph ...
Unemployment remains low - Jonesboro SunJONESBORO — Despite reports that a national recession has plagued the U.S. economy since late 2007, Northeast Arkansas’ unemployment numbers remained low through October. Jonesboro’s rate of 4.4 percent was one-tenth of a percent lower than it ...
11th annual Lend a Hand drive kicks off - Patriot LedgerThis time last year, Quincy Community Action Program director Beth Ann Strollo and her counterparts at other South Shore social service agencies were hearing a lot about adjustable-rate mortgages. They’re hearing about troubled mortgages this ...
On Native Ground - American ReporterOn Native Ground THE HOUSE OF CARDS STARTS TO WOBBLE by Randolph T. Holhut American Reporter Correspondent Dummerston, Vt. Back to home page Printable version of this story DUMMERSTON, Vt. -- I have written often over the past few years about the ...
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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