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Brasch Words - American ReporterBLOOMSBURG, Pa. -- President George W. Bush gazed into the cameras on a Tuesday morning in July and tried to assuage the fears of about 300 million Americans who believed they were in the middle of a recession. "The economy is growing," said the ...
Home : News : NEWS : Business Review - Houston Community NewspapersSELINSGROVE — Now in its 55th year in business, Selinsgrove Ford has plenty of activity to report from the past year. KULPMONT — Archie’s Shoe Store still measures and fits all its customers, along with finding the proper shoe to fit the ...
A Turkey By Any Other Name--Is Still the Governor of Alaska - OpEdNews.comPresident Bush, as has every president since his father began the practice in 1989, annually pardons a Thanksgiving turkey. Amid hundreds of spectators, most of them members of the media, the president makes a few cute comments, issues a pardon for ...
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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