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Education News - Yahoo News
(Reuters) - U.S. Treasury Secretary Henry Paulson plans to announce on Tuesday the formation of a program to increase the availability of auto loans, student loans and credit cards, the Wall Street Journal reported, citing people familiar with the ...

Nevada, Michigan, Florida top mortgage ‘underwater’ list - Norristown Times Herald
Here’s a shocker: almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth. Here’s another: If you add in the homeowners like them in California, Arizona, Florida, Georgia and Michigan, together they ...

School still in session for resource officers - Norristown Times Herald
WEST NORRITON — This week the Norristown Area School Board adopted a school resource officer (SRO) program for Norristown Area High School and the Methacton School Board tabled action to extend a similar police officer program at Arcola ...

No bail for bookstore peeping suspect - Reporter
NORRISTOWN — A Bucks County man has lost his bid to be freed on bail while he awaits trial on charges he allegedly used his cell phone to videotape girls at a Montgomery Township bookstore. Montgomery County Judge William R. Carpenter denied ...

Carolina Has Faced Tax Liens - The Bulletin
Kelbin Carolina, an accountant and Democratic candidate for state representative in the 150th District, has faced liens for thousands of dollars in federal taxes. A document of the federal Internal Revenue Service stamped January 1992 recorded unpaid ...

Letters to the editor for Thursday - Reporter
We know we're not alone in being fed up with political smear campaigns. We are sick of politicians wasting our time trashing each other with twisted facts and outright lies. What happened to the days when candidates sought our votes on the basis of ...

People on the Move - Philadelphia Business Journal
The First National Bank and Trust Co. of Newtown promoted Emma Shafer to the position of branch manager at the Yardley Road office. Shafer was previously assistant branch manager at the office. The Lincoln Mortgage Co. of Conshohocken announced that ...

Latest Rumors - allhiphop.com
All content within this section is pure rumor and generally have no factual info outside of what the streets have whispered in our ear. Read on. Fonzworth Bentley has a crazy show on reality TV, right – G’s To Gents? And so the show tried to get ...

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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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