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News about Mortgages:
Lehigh County - Chicago TribuneTODAY Holiday Sale, 8 a.m.-4 p.m., Hamlet House Farm, 999 E. Cherry Road, Quakertown. Antiques, primitives, oddities. Also Saturday. 215-913-2574. St. Andrew's ELC New Orleans Group, 10 a.m.-3 p.m., Phillipsburg Mall, Kohl's Court, 1200 Highway 22 ...
Auctions: Documents from Phila.'s past - Philadelphia InquirerTwo single-owner collections of ephemera, one of them Jay T. Snider's relating to the history of Philadelphia, will be offered at special-event sales in mid-month. They will add to a November auction calendar that is already bulging with biddables ...
McCain schedule reveals long odds - International Herald TribuneWASHINGTON : Republican John McCain's campaign schedule Tuesday displayed the long odds he is facing before the Nov. 4 presidential election as he tries to reverse his fortunes in two states now leaning toward front-running Democrat Barack Obama. The ...
Obama Addresses Crowd in Downpour; McCain Cancels - Huffingtonpost.comTuesday was a tough day to be outside in Greater Philadelphia. The rain poured and the wind howled. The weather turned so nasty that the fifth (and possibly final) game of the World Series scheduled for the night was postponed. John McCain canceled a ...
McCain targets rural Pennsylvania - Argus Observer OnlineRepublican presidential candidate Sen. John McCain, R-Ariz., speaks at a rally at Pottsville Middle School in Pottsville, Pa., Monday. HERSHEY, Pa. (AP) — Republican John McCain and running mate Sarah Palin were reuniting Tuesday to rally the ...
American Dream is still alive, it's just getting harder for the middle ... - Atlantic City PressThe taupe-colored house in Pleasantville stands out for its spiffy newness. The front door is blizzard white and the wooden porch is clutter-free. Jorge and Maria Hernandez zero in on the house's "for sale" sign. Could this be home? Click here to ...
October 2008 (158) - MSNBC FirstreadOne thing we know is that next Wednesday it’ll be over, right? We’ll know who the new president will be and whether the Democrats will have a filibuster-proof majority of 60 in the Senate? Right? Maybe not. Insiders in Georgia are convinced that ...
Obama gets a different kind of chilly reception - Natchez DemocratCHESTER, Pa. (AP) — The World Series got suspended. Obama politics never stop. Democrat Barack Obama carried on Tuesday with an outdoor rally at Widener University, outside Philadelphia, despite a cold, steady rain that made the temperature feel ...
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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