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Gustav soaks Jamaica as U.S. Gulf coast watches warily - Miami HeraldTropical Storm Gustav closed in on Jamaica Thursday at near-hurricane strength while Tropical Storm Hanna formed in the Atlantic. Hanna, the eighth named storm of the 2008 hurricane season, is spinning about 1,500 miles east-southeast of Miami with ...
30-year mortgages dip slightly to 6.35 percent - Miami HeraldWASHINGTON Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from 6 ...
Banks borrow more from Fed Wall Street takes pass - Miami HeraldWASHINGTON Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row. A Fed report released Thursday said commercial banks averaged $18.98 billion in ...
Florida Real Estate Bottom Signaled by Sale of Distressed Condo - BloombergSept. 4 (Bloomberg) -- Sales of distressed Miami properties have begun, signaling a bottom for south Florida's real estate market and the end of waiting for vulture funds armed with about $30 billion to spend. The sale of 120 condominiums last month ...
Top 5 States for Mortgage Fraud - US News and World ReportAs shown in Table 1 below, Florida owns the top spot as the state with the most properties with material misrepresentation submitted by MARI subscribers for loans originated during the first quarter of 2008. Twenty-four percent of all incidents ...
For every action, there's a ridiculous overreaction - CBS SportslineANN ARBOR, Mich. -- The culture shock is over, replaced by just plain shock. This is how it's going to be at Michigan for the foreseeable future. Think of the Wolverines right now as pimply-faced teenagers trying to sneak into a strip club. Or pimply ...
NFL reshuffles the deck for 2008 - ESPN.comI started making trips to Vegas in 1996, the same year "Swingers" came out, back when every 48-hour blackjack binge felt like walking a financial tightrope with Philippe Petit. These were the days of Rio's $10 buffets, cross-country flights with two ...
Michigan’s Grady will return to play Saturday - Battle Creek EnquirerANN ARBOR — Kevin Grady will play for Michigan this week, ending a one-game suspension. Coach Rich Rodriguez said today the running back is a good football player and he’s earned the right to play against Miami of Ohio on Saturday. Grady was ...
Expert Group, Inc. Opens September With Over $8 Million in Loan ... - Market WireMIAMI, FL--(Marketwire - September 4, 2008) - Expert Group, Inc. ( PINKSHEETS : EXPT ) is pleased to announce that the Company opens September with over $8 million in loan originations. Expert Group has been experiencing a growth in mortgage ...
A woman is a woman is a woman — and an insult is an insult is an ... - Seattle TimesIt isn't that John McCain spent weeks claiming Barack Obama was unready to lead, then chose her as his running mate — and potential leader of the Free World — a woman who until six years ago was mayor of Wasilla, Alaska, population: 5,469. It isn ...

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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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