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PRESS DIGEST-Australian General News - Oct 24 - CNBCSYDNEY, Oct 24 (Reuters) - Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Mortgage funds under pressure after the sector was excluded ...
Council homes for life ‘to be scrapped’ - Times OnlinePeople living in council houses will no longer be entitled to a subsidised tenancy for life under Whitehall proposals to address waiting lists. New tenants would have fixed-term contracts under the plans, with regular reviews every few years, The ...
Exeter/Hampton/Rockingham area community calendar - Portsmouth Heraldn 5 FUNNY FEMALES COMEDY TOUR will be held at 8 p.m. Friday, Oct. 10 at The Ioka Theatre, 55 Water St., Exeter. Doors open at 7 p.m. Tickets are $25 general admission and can be purchased online at www.drinkwaterproductions.com. (978) 375-2252 ...
Historically Speaking: A tale of two churches - Portsmouth HeraldOn a hot June evening in 1854, a group of liberal Christians met in the Odd Fellows Hall in downtown Exeter to vote the Universalist Society out of existence. Out of the meeting, the First Unitarian Society of Exeter was born. There had been a small ...
Come join the Parade - New Hampshire Union LeaderThe Parade of Homes being held this weekend and next is a great opportunity to find inspiration for updating your current home, check out new designs and the latest features or find that dream home you've always wanted. Produced by the professionals ...
Sheafe House demolition OK'd after judge rules time was up - CitizenErin Plummer/Staff Photo AN EXCAVATOR with Spears Brothers of Laconia tears apart the second building of the Sheafe Harbor House on Wednesday. The main building was demolished on Tuesday and the remaining building is scheduled for wrecking soon. The ...
Parents abandon private schools as downturn bites - Sydney Morning HeraldPlease sir ... the principal of St Aloysius in Cronulla, Phillip Tax, yesterday. He is worried more families are struggling with fees. THE global economic crisis is forcing parents to pull children out of private schools and fall back on the state ...
Rudd should stop acclaim game - The AustralianLISTENING to Kevin Rudd at Council of Australian Governments meetings as he tried to connect the global economic situation to the more mundane items on the national reform agenda was often excruciating. Anybody with a rudimentary understanding of ...
Former Woolies chief Paul Simons backs salary cap - The AustralianWHEN Paul Simons ran Woolworths for two decades until 1994, he kept a tight lid on executive pay, including his own, with a simple rule that he firmly believes has lost none of its appeal. The rule was that no Woolies executive, even with full bonus ...
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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