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News about Mortgages:
Business week in review - Scranton TimesAs real estate values dropped nationally, home prices in Northeast Pennsylvania remained relatively flat over the last year. Federal data released Tuesday show home prices in the Scranton/Wilkes-Barre/Hazleton metro area for the 12 months prior to ...
Week in review - Scranton TimesDelegates to the Interparliamentary Conference on Human Rights and Religious Freedom met this week in a city that proved its ability to comfortably and securely host a major global conference: Scranton. Diplomats and legislators from 20 countries ...
The underemployed languish below government radar - Scranton TimesApril Davies teaches swimming at the Catholic Youth Center in Wilkes-Barre for two or three hours a week. For now, it’s her only job. Yet the Glen Lyon 26-year-old is considered employed by the state and federal governments, which calculate ...
Kanjorski, Barletta square off in only debate - Pocono RecordPITTSTON (AP) — Republican congressional candidate Lou Barletta repeatedly attacked embattled Democratic Rep. Paul Kanjorski over the $700 billion financial bailout and the incumbent's earmarks Wednesday night, hoping to use their only debate to ...
Barletta-Kanjorski debate centers on Wall Street bailout - Pocono RecordPITTSTON — Republican congressional candidate Lou Barletta repeatedly attacked embattled Democratic Rep. Paul Kanjorski over the $700 billion financial bailout and the incumbent's earmarks Wednesday night, hoping to use their only debate to build ...
Republicans spent $150,000 on Sarah Palin's clothes - Times OnlineThe Republican Party has spent $150,000 in upmarket designer stores on dressing Sarah Palin for the part of vice-president. During September, more than $75,000 was spent in a single shopping spree at Neiman Marcus in Minneapolis, and another $9,500 ...
Kanjorski’s victory reflects shift in Pa. - Republican & HeraldLosing in his home base in Luzerne County, U.S. Rep. Paul E. Kanjorski salvaged his political career Tuesday by running up huge leads in fast-growing Monroe County and in areas of Lackawanna County added to his district six years ago. The Nanticoke ...
Rendell pledges federal funds to help Boscov’s escape from ... - Republican & HeraldAl Boscov has just one obstacle remaining in his dramatic bid to save his family’s bankrupt department store chain. Hours after Gov. Ed Rendell pledged $35 million in loan guarantees Thursday to help Boscov and his group close the financing gap to ...
Immigration Employment Illegal - OpEdNews.comAmee Chew: Support Obama, and Vote McKinney? Not a contradiction. (21 comments) The women of color running for President & Vice President - THIS YEAR! t r u t h o u t | Stop the Raids in the First 100 Days (2 comments) Immigration! Illegals! A few ...
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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