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News about Mortgages:
Morrison Spends $587 Million to Purchase Supermarkets (Update1) - BloombergDec. 4 (Bloomberg) -- William Morrison Supermarkets Plc , the smallest of the four main U.K. food retailers, said it will spend 403 million pounds ($587 million) to buy new stores and a warehouse and halted share buybacks to fund the purchases ...
Jury awaits instructions in Willan mortgage-fraud trial - Akron Beacon JournalThe evidentiary phase of the trial of former Evergreen Corp. President David B. Willan ended with the jury being sent home this afternoon. The judge and lawyers from both sides continued working on instructions regarding the law. Common Pleas Judge ...
Eclectic Group of Volunteers Cross Hamas-Ruled Gaza to Plant Wheat - FOX NewsAn international activist stands with Palestinian farmers on their farms during their tour to support Palestinian farmers to plant their farm. KHUZAA, Gaza Strip — A tattooed Italian trucker, middle-aged twin sisters from San Jose, Calif., a polite ...
Couples staying together because of poor economy - Maryland Daily RecordRunning into your ex is almost always awkward and stressful. David Snyder and Nancy Partridge deal with it nearly every day. The Denver couple divorced after six years of marriage but have been forced to live together for months because they can't ...
Bank blood challenge Dec. 14 - Goldsboro News-ArgusThe challenge is on. Wayne County's bank employees will be rolling up their sleeves and donating blood Dec. 14. The 5th Annual Bank Challenge blood drive will be held from 12:30 until 5 p.m. at the Wayne County Chapter of the American Red Cross. This ...
Efforts are under way to head off foreclosure - Philadelphia Daily NewsAt least four huge U.S. mortgage companies and two federal agencies are trumpeting programs to combat the home-foreclosure epidemic that is crippling the economy. But will they work? They are among a slew of efforts, but "none of them have really ...
Cross Lanes developer creating new housing - Herald-DispatchCROSS LANES, W.Va. (AP) — Despite national news of slow home building starts, a developer in Cross Lanes is expanding, creating a gated community called Twin Lakes Estates just off Goff Mountain Road. “There is a need ... a need for a step-up ...
Cross Lanes getting housing - Journal & Sunday JournalCROSS LANES (AP) - Despite national news of slow home building starts, a developer in Cross Lanes is expanding, creating a gated community called Twin Lakes Estates just off Goff Mountain Road. ''There is a need. ... a need for a step-up into the ...
UCLA fields a winning team in commercial real estate - Los Angeles Daily NewsThey may not measure up to USC on the football field, but UCLA dominates its cross-town competitor in the commercial real estate arena. A team of students from UCLA's Anderson School of Management defended its Silver Shovel title during this year's ...
HuffPost Readers Blog The Meltdown - Huffingtonpost.comWe've pulled together a selection of some of the standout stories to share with the rest of our readers -- both to do our part to document the downturn and to make sure that everyone out there feeling the financial pressure knows that they are not ...
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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