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Man charged in Halloween killing pleads not guilty - Buffalo NewsAn ex-convict charged with killing a 12-year-old South Carolina boy who knocked on the man's door on Halloween night has pleaded not guilty to a federal weapons charge. Quentin Lamar Patrick was arraigned in Columbia on Tuesday on a charge of being a ...
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Builders visit D.C. to lobby legislators - Memphis Commercial AppealWASHINGTON -- A group of Memphis-area homebuilders fanned out on Capitol Hill this week with a simple but profound message for their elected representatives: Fix housing first. Armed with a three-point proposal, David Parsons of Bartlett and six ...
Longtime Pasco County banker Phil Chesnut retires - St. Petersburg TimesPhil Chesnut, managing director of Republic Bank in Port Richey, is retiring. His career began at the age of 18 at Ellis First National Bank of New Port Richey. PORT RICHEY — When Phil Chesnut started his banking career, accounts came only with ...
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After the Fire, Memories Remain - Port St. Joe StarLooking out from the deck of an outdoor pavilion, onto the pile of dust and ash where her home once stood, Abigail Taunton recalled a night long ago. She and her husband, David, awakened their children from their beds, and under the cover of night ...
Burton bowler Bill Clanton has three perfect 300 games this season - Grand Rapids PressGENESEE COUNTY, Michigan -- It was just a matter of breaking through the barrier for Burton's Bill Clanton. For the first 23 years of his bowling career the wall stood firm. Then last season he succeeded, rolling his first 300 game at Richfield Bowl ...
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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