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News about Mortgages:

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

New businesses - Providence Journal
BANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...

Woman killed in Waukesha Thanksgiving crash identified - Milwaukee Journal Sentinel
Dec. 1, 2008 4:50 p.m. | Waukesha - Police have identified a woman who died in a Thanksgiving Day crash near I-94 and Highway T as Margaret Kruse, 79, of Jefferson. Kruse was a passenger in a car driven by her husband, Merle, 82, when the car failed ...

Bank fees separate big banks from the local guys - Long Island Business News
Earlier this month, the Wall Street Journal reported that large banks are raising fees in an attempt to generate revenue amid the economic crisis. For instance, Citibank recently began charging customers a $10 overdraft protection transfer fee to ...

Toys for Tots Drop-off Sites - WBAY Green Bay
Toys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. The deadline for dropping off ...

From the police report... - Spokane Spokesman-Review
State Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...

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 ...

5,000 show up at foreclosure showcase - Newsday
Attendees seeking to bid on 35 houses are told by hotel security that some people in the overcrowded room must leave if they are not bidding on the first batch of houses - or the whole auction will shut down. ( Photo by Patrick E. McCarthy / October ...

Mon Valley: What people are saying about the Bush legacy - Pittsburgh Post-Gazette
The transition to a new president of these United States is about to start. As we go out with the old, in with the new, we asked some residents in neighborhoods in the Mon Valley how they think history will remember George W. Bush. What is his ...

Dakota Voice - Dakota Voice
► May 22 - May 29 (1) Navy torpedo boat PT 109 was rammed AUGUST 2, 1943, by a Japanese destroyer and sunk. The commander sustained permanent back injuries yet helped survivors swim miles to shore, which unfortunately was behind enemy lines in 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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