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News about Mortgages:
Financial News
News in Brief - Newport News-Times
Harold Hailey has joined AmeriFirst Mortgage Solutions in Lincoln City as a mortgage broker. Hailey operates out of the main office at 2135 NW Highway 101 in Lincoln City, where he handles all types of residential and investment real estate loans ...

John McCain King of Taxation who His Media calls Robin Hood - OpEdNews.com
Bill Clinton handed George Bush a surplus. George Bush and John McCain turned the surplus into a $10 trillion deficit, a gigantic cancerous tax/mortgage on us all. In “The Little Prince”, the fox said, “Words a source of misunderstanding ...

Lincoln ranked No. 1 in insurance sales - Evening Star
The organization formerly known as the Life Insurance Management Research Association ranked Lincoln National Corp. at the top of the industry in life insurance sales for 2007. The Philadelphia-based insurance and financial-services company does ...

Relay for Life raises more than $66,000 - North Platte Telegraph
The recent American Cancer Society Relay For Life of Lincoln County raised $66,090 for cancer research, education, patient services and advocacy efforts. "Lincoln County residents really demonstrated their spirit and inspired hope as they walked ...

Rescue Dawn - Slate
The Washington Post , the Wall Street Journal and the New York Times all lead on news that government officials are poised to rescue Fannie Mae and Freddie Mac by placing the flailing mortgage-finance giants under federal control. The plan would see ...

REAL ESTATE - News-Democrat
• 1917 Promenade Lane; from American Heritage Homes; to Chase Alexander Mercer; $162,000. • 802 Union Ave.; from Patricia A. Houglan; to Larry Houghlan and Pamela Houghlan; $90,000. • 600 S. High St.; from Michael B. McKenzie and Jean M ...

Jackson Auto closing Nimitz dealership - Honolulu Star-Bulletin
Jackson Auto Group has closed its N. Nimitz Highway dealership amid a continuing soft economy and slumping auto sales. Its Lincoln-Mercury franchise is being assumed by Honolulu Ford in a buyout, pending approval from Detroit-based Ford Motor Co ...

People in business - Medford Mail Tribune
William L. Glick has joined the Lithia Motors board. Glick had 34 years of experience with Ford Motor Company, where he was field organization transition manager, public company franchising manager, truck and dealer advertising manager and regional ...

Text of nominee John McCain’s speech - Atlanta Journal Constitution
Thank you all very much. Tonight, I have a privilege given few Americans — the privilege of accepting our party’s nomination for president of the United States. And I accept it with gratitude, humility and confidence. In my life, no success has ...

Poor Charlie - Reason.com
Has Rep. Charlie Rangel (D-N.Y.) cancelled his subscription to The New York Times yet or what? First, the eminent domain-loving daily breaks the news that Rangel is a self-righteous rent control scofflaw . Now the Gray Lady reports that the dapper ...

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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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