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Temp: 34°F - Hays Daily NewsWICHITA, Kan. (AP) -- A car that was being chased by the Kansas Highway Patrol crashed into another car, killing three people. The patrol said a trooper began pursuing a vehicle driven by 24-year-old Jennifer Stilley at about 1 a.m. Saturday in ...
Banks consider working with Fed on financial rescue - Star-HeraldHod Kosman didn’t figure his bank, the Platte Valley Bank in Scottsbluff, would need rescuing by the federal government. It has plenty of capital and good loan demand from its healthy regional economy. “We figured it was for the bigger banks with ...
Panhandle housing market avoids worst of slowdown - Star-HeraldThere is still plenty of money available for home loans, says one Scottsbluff mortgage official. But buyers have to qualify and find a home they’re able to afford. Platte Valley Mortgage Company Vice President Jim Zitterkopf of Scottsbluff said the ...
Boulder Lens - Boulder County Business ReportLike many of my friends, I worry and stress about the market and the quick descent of my IRA and stock investments. So I decided to go fishing. A trip up Poudre Canyon, over Cameron Pass and into the high peaks backdrop of Colorado's vast North Park ...
Evictions by deputies bring home the housing crisis - Omaha World-HeraldThat's about how often Parizek, a Douglas County sheriff's deputy, evicts people from their homes because they haven't paid the mortgage or the rent. He entered law enforcement to help others, but Parizek said evicting people makes him feel more bad ...
How many wakeup calls can they sleep through? - Atlanta Journal ConstitutionI see where Karl Rove and others are still insisting that the United States is a center-right country, despite what the election returns say. Let’s assume they’re right, just for the sake of argument. An obvious question then arises: In a center ...
The Weather Authority - WOWTOmaha-based Union Pacific announced Saturday it has laid off or reduced hours for 1,500 engineers and conductors due to the struggling economy. The cutbacks have been ongoing since January 2007. UP employs 21,000 engineers and conductors. A spokesman ...
Former FDIC leader Hove optimistic for recovery, but when? - Lincoln Journal StarAndrew “Skip” Hove, unflappable as you might wish a banker to be, has seen turmoil in the financial industry that in some ways was worse than what you’re seeing now. And in some ways it wasn’t. Now living in Lincoln, Hove was vice chairman of ...
Deena Winter: Mayor says Phase 2 will have to wait - Lincoln Journal StarMayor Chris Beutler says he will push the pause button once the first phase of the city’s Antelope Valley Project is done in about three years. In a guest column in the Sunday Journal Star , Beutler laid out positive and negative lessons learned ...
Business calendar, 11/14 - Denver PostColorado Judicial Institute, sixth annual Judicial Excellence for Colorado dinner, Denver Marriott City Center Hotel, 1701 California St. Keynote speaker will be Bert Brandenburg, executive director of the Justice at Stake Campaign. Information: 303 ...
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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