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Mortgage cannibals rule - Independent
Hannibal Lecter, played by Anthony Hopkins was into cannibalism but not of the mortgage variety FANCY engaging in a bit of cannibalism? It is not as unpleasant as it sounds and it could save a mountain of money and help you clear your mortgage in jig ...

What price the cost of a mortgage? - Independent
Share TRACKER mortgages are a dying breed. By the time first-time buyers feel the time is right to hop on to the property ladder, chances are they'll pay a hell of a lot more to borrow money than a homeowner who snapped up property before the credit ...

Smith steps down as Conway football coach - Log Cabin Democrat
There will soon be a new head coach for the Conway High football team. After 18 years of service, Kenny Smith will step aside to accept other responsibilities in the Conway Public School District, according to school officials. Smith finished his ...

A Wild And Crazy '30 Rock' Night - Defamer.com
It's another big-time star on 30 Rock this week. No, we're not only talking about Jack McBrayer, but also Kennedy Center honoree/banjo enthusiast/author/ Marcia Brady rejecter Steve Martin. With NBC's guest-star wattage reaching capacity , it's no ...

Anticipation of holidays tempered by tough times - Sharon Herald
Sunday afternoon's snow showers and the crisp air of winter hovering around the Mercer County area served as chilly reminders that the Thanksgiving and Christmas holiday seasons are right around the corner. While it is an exciting time as we plan to ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Fret no more. In a year when many people are wondering what happened to the free-market principles of Ayn Rand and her protege, Alan Greenspan ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Impact Of Economic Downturn On Title And Mortgage Insurance Poses ... - Insurance News Net
Washington, D.C. – Reserving for mortgage insurance and title insurance in an economic downturn and amid a stressed real estate market can present challenges for insurers and actuaries, attendees at the Casualty Loss Reserve Seminar were told ...

Mortgage tax relief change wipes out gains from rate cut - Independent
A man and woman look into an estate agent's window. There will be some relief for first time buyers but the budget was a disappointment for those owning a home for more than seven years PEOPLE who have paid a mortgage for more than seven years are ...

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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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