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Deals and acquisitions are in his safe hands - IndependentShare Tom Godfrey is sporting a cast on his wrist from an injury sustained while playing tennis on holidays in Portugal a few weeks ago. "Still, I got the ball away," he says, with a smile. Getting the ball away is the raison d'etre for a career ...
November 2008 - Posts - MSNBC FirstreadFor the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...
November 2008 - ABC News Blogs1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...
Mortgage applications drop in Western Garfield County, Colorado - Citizen TelegramRIFLE, COLORADO - The once steady trail of mortgage applications to bankers’ desks in Western Garfield County has slowed over the past year, partly due to the present state of the economy and difficulties in getting home loans approved. All kinds ...
Blind Rationalizations - Montrose Daily PressLook at the lie Obama keeps repeating about the U.S. only having 3% of the world's oil reserves. Never mind that we have an estimated 1 - 2 trillion barrels of shale oil alone. More oil than was used in the twentieth century worldwide. More oil than ...
Banks defy Brown over new interest rate cut - Times OnlineHigh Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses. The banks have warned the chancellor they are “not charities”. They said they could not afford further to reduce ...
Should you buy now or wait? - Houston ChronicleAs an Inner Loop RE Broker, I want to point out a buy now or later decision effects some but not all. Many people are moving in to the area, marrying/divorcing/expanding their family, etc and they may need to buy now regardless of what may be ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Déjà vu: six steps that make up a great panic - Times OnlineIt has not been too difficult to foresee the course of the 2008 credit crisis, since it has followed the classic pattern of financial panics. There has been nothing new so far; it is just that the world forgot the lessons of previous panics: an ...
Register for FREE - Wall Street JournalThe economy is a mess, home prices are reeling, and stocks have plunged. But for those likely to become ensnared in the estate tax, there's a silver lining: These troubled times offer some of the best opportunities in years to transfer wealth to ...
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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