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Newcomers vie for Middlesex Borough seats - MyCentralJersey.comDebra DeVuyst, 52, who works for a communications company, and Michael Class, 34, who owns two small businesses, are the Republican candidates. Courtenay Mercer, 30, a professional planner, and Roger Sanchez, 29, who owns a mortgage banking firm, are ...
N.J. Realtors, builders meet in Washington - Morris County Daily RecordPLAINSBORO -- Realtors and builders Wednesday met to discuss the taxpayer buyout of mortgage-suppliers Fannie Mae and Freddie Mac, with lawmakers in Washington looking to break a logjam over a broader government bailout of another private-sector mess ...
Tight times in the midstate: Macon waitress sees number of customers ... - Macon TelegraphEditor's note: This is the second in a series of stories about how the economic downturn is affecting Middle Georgians. You know the economy has gone South when folks around here are going to restaurants and not ordering sweet tea. At least not as ...
Bankers: Local money secure - Bluefield Daily TelegraphPRINCETON — While Wall Street stumbled and Washington scrambled to put the stock market back on solid ground this week, folks on Main Streets coast to coast worried how the frightening financial headlines might hit their homes. Residents and ...
Experts urge students to wait out economic uncertainty - U-Wire.comA two-day roller coaster on Wall Street following Congress's rejection of a $700 billion bailout bill is setting an uncertain economic future for college students.In the wake of Wall Street's unstable week and considering the significant gains the ...
Senate decides to bail - Bridgeton NewsWASHINGTON - After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened. Senators loaded the ...
LoBiondo votes no, Andrews yes on bill - Bridgeton NewsWASHINGTON U.S. Rep. Frank LoBiondo, R-2nd Dist., spent the weekend talking to constituents opposed to the Wall Street bailout, and on Monday he helped kill the financial rescue plan. South Jersey's other representative in Congress, U.S. Rep. Rob ...
Local banks: ‘We’re all making money’ - Tribune-DemocratAllan Dennison, president and CEO of AmeriServ Financial, hasn’t seen his customers with as much interest in the business of banking for more than eight years. In 1999, the curiosity and concern about financial institutions was generated by the Y2K ...
Main Street sees tough days ahead - Sentinel & EnterpriseCULPEPER, Va. -- As a lipstick sunset painted the hills of the Piedmont, Joyce Tyree sold tickets to the junior varsity football game at Eastern View High School. It was a Wednesday night game, $5 a head to see the Cyclones play the Cougars of Kettle ...
Recent real estate transactions - Sedalia Democrat•Cheyenne C. and Mitchell R. Pinson to Robert L. Cramer and Jennifer A. Stevenson, northeast quarter of the southwest quarter of section 10, township 45, range 21; •Gary V. and Barbara S. Johnson to Nicholas A. Smith, Maplewood 12th Subdivision ...

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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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