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News about Mortgages:
Enterprise woman nabbed for identity theft - Enterprise LedgerA 60-year-old Enterprise woman was arrested Tuesday for allegedly stealing another woman’s identity to obtain thousands of dollars in loans. Enterprise police arrested Karen Houston, who lives on Rucker Boulevard in Dale County, and charged her ...
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 ...
Forget Citigroup, a California puppet show needs a bailout - International Herald TribuneLOS ANGELES : There are many ways to measure California's tanking economy: an 8.2 percent unemployment rate; a multibillion-dollar state budget gap; threatened endowments of the city's museums, causing some cultural institutions to nearly default on ...
Faith-Based Coalition Urges Fewer Foreclosures - Washington PostA national coalition of faith-based organizations has launched an effort to push the federal government for a more streamlined approach to handling troubled mortgages, with the aim of keeping more owners in their homes. "Families are losing their ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including State Representative Doug Reichley criticizes Gov. Rendell for bailing out Boscov’s, Reading City Council approves a property tax hike, UGI announces rate cuts, and security measures are being ...
Graduates’ burden: Student-loan payments - Las Vegas SunA pair of College Board reports show how the cost of attending college has escalated over the years and how students are financing their educations. These are the questions Eric Jones, 24, has been asking, to no one in particular, since he graduated ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
More Needy Are Turning To Clergy for Funds, Faith - Washington PostAcross the Washington area, houses of worship and their clergy are finding themselves on the frontlines of the economic crisis -- preaching spiritual sustenance from the pulpit, counseling those in distress, holding financial and foreclosure ...
The state of Citi - Boston GlobeI have one word for those who advocate for a new and broader regulatory framework to protect us from the kind of financial threats doing so much damage today. Citigroup . The emergence of a shadow banking system - brokers, mortgage companies, and ...
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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