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News about Mortgages:
Local auto dealers urge industry aid - Concord MonitorAuto dealers across the Granite State are watching closely as Congress heads into its lame-duck session next week, hoping legislators will step in if a Big Three manufacturer teeters too close to collapse. While reports from Capitol Hill late this ...
Former Tol. mortgage company files found in dumpster - WTOL-TVTOLEDO -- Files dating back to the year 2000 -- but still affecting hundreds of people and businesses in and around Toledo -- were recently found behind the Kroger store at King and Sylvania Ave, reports News 11's Jonathan Walsh. The files were old ...
Lucas County incumbent remains recorder - Toledo BladeThe Democrat running for Lucas County Recorder appeared Tuesday night to have defeated her Republican challenger. Jeanine Perry, 66, of Sylvania Township will retain the seat she was appointed to last year, based on early election results. Her ...
Morning headlines - WTGVLas Vegas police have issued an Amber Alert for a six-year-old boy they say is in serious danger. Police say two men posing as police officers kidnapped the boy, leaving his parents bound and gagged Wednesday morning. Police suspect the kidnapping is ...
Area banks avoid agency's problem list - Toledo BladeAlthough banks in northwest Ohio and southeast Michigan have been unable to escape fallout from the nation's mortgage and credit crisis - and at least two have taken steps to raise cash to shore up balance sheets - none is on a prominent ratings ...
FRIDAY'S BEST BET ON TELEVISION - The Washington TimesThe Buckeyes are sizable underdogs against the Trojans and will have a tougher time now that running back Chris Beanie Wells is doubtful for the game. Brewers at Phillies If the Phillies can't catch the Mets again, they could track down Milwaukee in ...
CBJ: Property Transfers & Building Permits - Daily Progressl NVR Inc to Werntz, Raymond Bruce, lot B47 Cherry Hill, $307,146. l White, Samuel P. C., substitute trustee to Wells Fargo Fin. System Virginia, parcel described in Deed Book 1049 at page 332, $203,200 by deed of transfer. l Vargas, Linda D to ...
13abc Friday Headlines - WTGVWTVG -- Wave of market crashes, 2 Toledo's most wanted caught, man runs stop sign and slams into bus, Obama campaigning in Chillicothe and Columbus. Asia followed by Europe started the wave of market crashes. Interest rate cuts and hundreds of ...
Should U.S. bail out the auto industry? - Rocky Mountain News BlogsGM says it's running out of cash and the U.S. auto industry appealed for financial assistance from the government as part of the financial bailout process. GM also said it has suspended talks to acquire Chrysler. While it didn't specifically name the ...
Canon U.S.A. Adds LPGA's Michelle McGann To Canon4Kids - CSR Wire(CSRwire) Lake Success, New York – Golfer Michelle McGann, a seven-time winner on the Ladies Professional Golf Association (LPGA) Tour, is participating in Canon4Kids, the program created by Canon U.S.A. that seeks to help locate missing children ...
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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