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Cashing out the nest egg - Minneapolis Star TribuneV ernie Anderson almost fell for the phone pitch. "Turn $30,000 into $90,000 with your own Web page," he was told. A reverse mortgage could get him the cash he needed to start an online business. But the local banker balked when Anderson asked for ...
Is the Sun about to set? - Guardian UnlimitedNew York Sun editor Seth Lipsky revealed that the publication will shut at the end of the month unless it can find fresh financial backing. Photograph: Corbis Time is running out for the New York Sun, the bastion of conservatism on the Big Apple's ...
Analysis: Biden's wealth in his house - Delaware OnlineJoe Biden likes to say he is the embodiment of the American dream -- a middle-class kid who became one of the U.S. Senate's most-respected members and, now, the Democratic nominee for vice president. Though he's considered one of the least wealthy ...
Students forced to embrace a new work ethic - Times OnlineThe unflattering stereotype of the average student, enjoying daytime soap operas or lazy afternoons in the pub, could soon be a thing of the past. This week Times Money spoke to a group of new and existing students about the financial pressures ...
Lawyers help homeless in volunteer program - Atlanta Journal ConstitutionCorporate lawyers Henry Levi and Meghan Outz aren’t accustomed to meeting their clients in a garage. They’re not used to working for free, either. Conversely, the men and women seeking aid through the Metro Atlanta Task Force for the Homeless ...
Nevada among 8 states with high foreclosure rate - Las Vegas SunHome foreclosures and delinquencies were above the national average in the second quarter in eight states, including Nevada, the Mortgage Bankers Association said today. The association's report indicated more than 4 million homeowners nationwide ...
Homebuyers turn screws on sellers - CNN MoneyNEW YORK (CNNMoney.com) -- A rock-bottom price just isn't enough for buyers these days - it's a starting point. If the furnace is out of date, they'll demand a new one. Cracked driveways have to be repaved, and dirty carpeting torn out and replaced ...
Jeffersonville assessor is fighting to keep her job - Courier-Journal"Just vote no." That's the message from Jeffersonville Township Assessor Vicki Conlin regarding the Nov. 4 referendum asking voters to decide whether to eliminate her job. The referendum question -- do voters want the township assessor's duties ...
GOP policies are far from fiscally responsible - Las Vegas SunI am so tired of Republicans’ labeling the Democrats as tax-and-spend liberals. Republicans apparently think all forms of taxation are evil and must be avoided at all costs. However, it seems they have forgotten that without some form of taxation ...
UPDATED:Friday Night Football Results - Ironton OnlineIRONTON - Chance Freeman ran 13 times for 126 yards and two touchdowns and fullback Keith Wetzel scored three times as the Ironton Fighting Tigers rolled past the Gallipolis Blue Devils 42-6 Friday in a Southeastern Ohio Athletic League game ...

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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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