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Tomorrow's Young Entrepreneur helps teens become tycoons - Batavia SunKierra Ragland has been baking since she was a little girl, whipping up pies and cookies in the kitchen with her mom. But when people started clamoring to buy the cookies she brought to her grandma at work, the 15-year-old realized she might have ...
Death certificate: Travolta son killed by seizure - Buffalo NewsAssociated Press Writer Jett Travolta's body shows no sign of head trauma and his death certificate says he was killed by a "seizure," an undertaker said Monday, as the 16-year-old's celebrity parents prepared for a Florida funeral. Glen Campbell ...
Foldy named to head state's public heath division - Milwaukee Journal SentinelJan. 3, 2009 2:36 p.m. | Dr. Seth Foldy, the former health commissioner for the City of Milwaukee, has been named the state's Administrator of the Division of Public Health. "Dr. Foldy brings a record of leadership and a wealth of experience on ...
You could hear the collective whining from Beantown seconds after the ... - ESPN.comThe All-Star Game is a joke, and any fan who gets hot and bothered over their players' not getting voted in as starters should seriously consider getting a life. Of course it makes no sense that four Montreal Canadiens are among the six Eastern ...
First Minister heralds Burns as the man to beat the credit crunch - ScotsmanROBERT Burns can help pull Scotland through tough economic times, the First Minister said yesterday. The 250th anniversary of the birth of Scotland's national Bard would create a "wonderful" tourism opportunity, said Alex Salmond. said. "As we enter ...
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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