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Homes Sitting Despite Offers - WKRCImagine trying to buy a house where an owner is in mortgage trouble, but not even getting a response from the seller. It's happening every day in the Tri-State. In this report from the Money Desk, Local 12's Paula Toti tells us why many of these ...
Nothing but thanks - Cincinnati.comNORWOOD - Jessica Timerding needs to get up extra early this morning. She has potatoes to peel and cheese to melt. But before she starts cooking, she must say a special prayer of Thanksgiving. After waking up next to a box of coins on her bedside ...
Weaker pound hits holiday home sales - Guardian UnlimitedPortsmouth couple Allison and Michael Bond bought their French holiday home on a carefully calculated budget but, like hundreds of thousands of other Britons, their plans now risk being wrecked by the weak pound. 'We bought the house in Normandy in ...
Records contradict House leader - Boston GlobeHouse majority leader John H. Rogers told state officials investigating his tangled campaign finances this year that he co-owned a Cape Cod vacation house with his campaign consultant. But that assertion is contradicted by a review of public records ...
Obama inherits markedly better housing market - Business24-7So it is Barack Obama, and by a landslide. The voters of the United States have built a prism – their decisive choice of a black, young, liberal leader – through which the rest of the world will view all of their country's actions for the next ...
UPDATE: Sheehan resigns from City Council - Abington MarinerCity Councilor-at-Large Michael Sheehan resigned from his post Tuesday night, saying he wanted to devote more time to his family. “I’ve always done what I felt was in the best interest of the Malden City Council,” Sheehan told the council ...
Taxes will never disappear, but you can ease the sting - Boston GlobeEven in hard times, taxes are, borrowing from Ben Franklin, as certain as death. But there are tax provisions that can ease the sting of an economic downturn. NOW YOU QUALIFY It's bittersweet, but Bob Scharin, a senior analyst at the tax and ...
Budgets stretched more every month - Delaware OnlineHer 2000 Hyundai Accent has more than 100,000 miles on it, and she just had it in the shop because it wouldn't go in reverse. She knows it's time to replace it. At the same time, Wertz, 28, wants to move out of her grandmother's house, where she ...
Ryan, defense lead Falcons over Saints - Buffalo NewsWhen John Abraham wasn't bearing down on him, Drew Brees had to contend with all those pesky Atlanta defensive backs, constantly getting in the way of his throws. It was a miserable afternoon for the NFL's most prolific passer. While Atlanta rookie ...
Falcons keeping receivers intact - Atlanta Journal ConstitutionThe entry titled "Falcons keeping receivers intact," and any of the comments about it. By extending the contract of wide receiver Michael Jenkins, the Falcons have a chance to keep their passing game intact for years to come. With Jenkins secure for ...
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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