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Carter Attorney General Griffin B. Bell dies at 90 - Buffalo News
Griffin B. Bell, the shrewd Southern lawyer who grew up with Jimmy Carter and later became U.S. attorney general after Carter was elected president, died Monday. He was 90. Bell died around 10 a.m. of kidney failure, said Diana Lewis, a spokeswoman ...

Democrats' Factions Could Stall Grand Plans - Wall Street Journal
WASHINGTON -- The new Congress sweeps into town Tuesday with many members comparing themselves to the 1933 Congress that enacted much of President Franklin Roosevelt's New Deal and changed the government's relationship to its citizenry. Reuters Sen ...

Pope names Michigan native as new archbishop for Detroit - Detroit News
DETROIT -- Sixty years after he was born in Mount Clemens, Bishop Allen Henry Vigneron will return to Michigan as the new Archbishop of Detroit. Archbishop-elect Vigneron, who will be installed on Jan. 28 at Detroit's Blessed Sacrament Cathedral ...

A Look Back At Kurzweil's Predictions For 2009 - Tech.slashdot.org
marciot writes "It's interesting to look back at Ray Kurzweil's predictions for 2009 from a decade ago. He was dead on in predicting the ubiquity of portable computers, wireless, the emergence of digital objects, and the rise of privacy concerns. He ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. InBev: Syndication has become a riskier, unpredictable process thanks to the credit crunch. For that reason, news that InBev has found a group ...

Up Next - CBS News
IS IT MURDER? - With drunken driving fatalities staying constant despite all the campaigns against the crime, some prosecutors are pursuing harsher penalties against perpetrators, including long prison terms for those who caused deaths. Bob Simon ...

December 2008 - Weblogs.sun-sentinel.com
Locals eager to join in Obama inauguration partying, without enduring D.C. crowds and weather, can head to the Crowne Plaza Hotel in West Palm Beach for dinner, drinks and dancing on Jan. 20. The Democratic Executive Committee of Palm Beach County is ...

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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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