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Area helping agencies seeing rise in need for services - Gaston GazetteHolidays bring warm feelings and full tables for the fortunate, but the list of the less fortunate appears to be growing. For those struggling to make ends meet, Christmas trees and presents are just more expenses they can't afford. "We've been ...
November 2008 - Posts - MSNBC FirstreadSenate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...
Family avoids foreclosure with help of financial consultant - WIS-TVCOLUMBIA, SC (WIS) - Alfred and Peggy Patterson were close to becoming another statistic in this year's economic downturn, but weeks of fighting foreclosure came to a close with a signature on the dotted line. "Everything came together and everything ...
Economic bailout package could help shake Blues - San Diego Union-TribuneThe team announced yesterday that at every remaining Saturday home game beginning Nov. 29, the club will call the seat number of a fan and pay that person's mortgage or rent for four months, up to $4,000 total. According to The Associated Press, the ...
Gastonia's healthy banks could receive millions in government bailout - Gaston GazetteAt least two community banks headquartered in Gastonia - Citizen's South Bank and Carolina Commerce Bank - have applied for funds from the Treasury Department's Capital Purchase Plan. Citizen South Bank could receive roughly $20 million and Carolina ...
Stephen Baldwin: The Gospel According to Miley - TMZ.comHoly Stigmata! Stephen Baldwin has branded himself with Hannah Montana's initials, all because Miley Cyrus dared him to. Here's how the whole thing went down. We're told the unlikely friends met last year at the White House, where the 15-year-old ...
Garden Parkway continues to spur doubt, division - Gaston GazetteBELMONT - More than 200 people gathered Tuesday night to debate what route the Garden Parkway should take across high-dollar real estate on the South Point peninsula. But while some were picking from the two remaining options, others were more ...
Obama's Sub-Prime Conflict - Common DreamsI remember my first piggy bank: a little pink piggy, made of plastic, with a little slot at the top. The slot was big enough, perhaps, to fit a half dollar, a great deal of money to me at the time."A penny earned is a penny saved," my father told me ...
San Rafael nonprofit to shut doors after losing funding - Marin Independent JournalMarin Family Action, a nonprofit that provides financial and housing assistance to low-income residents, will close its doors at the end of this month after 20 years. The San Rafael organization is a casualty of the Marin Community Foundation's shift ...
Rapids rage - Raleigh News & ObserverMore Photos Today: Friends and family day. First rafters on the river. Half of the 11-mile mountain-bike network opened Friday. Monday-Tuesday: Limited opening to public, with reduced hours. Wednesday: Open to public (everything except the climbing ...
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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