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Vermont View: Buy regional vs. auto bailout? - Rutland HeraldOn Nov. 18, I listened to the Senate Banking Committee hearing. The General Motors, Ford and Chrysler CEOs and United Auto Workers president testified regarding their request for a $25 million bailout or loan from the U.S. taxpayers. Generally, I am ...
Vt. bankruptcies up 44 percent - Rutland HeraldBankruptcies in Vermont are piling up at a rapid pace coinciding with an economy that continues to head south with no bottom in sight. Bankruptcies have soared 44 percent so far this year with 1,112 filings compared to 773 for the comparable period ...
Teacher loses post over testimony - Times-ArgusA teacher at a Rutland school for juvenile sex offenders apparently has been forced out of his position in part for testifying to a special legislative committee, according to documents obtained from his former employer. One prominent lawmaker ...
City Halls Call Out for Help From Obama - WXIA 11 Alive(MSNBC.com) -- America's mayors are crying out for help from President-elect Barack Obama, seeking immediate relief from a national economic crisis that has slammed budgets in big cities, suburbs and small towns. INTERACTIVE MAP: What America's ...
Britain's worst price falls - Guardian UnlimitedJust how bad is the property market right now? Are desperate sellers slicing thousands off asking prices to shift their homes? Do the national average figures disguise massive variations on a street-by-street level? Or are homeowners refusing to ...
Feds launch mortgage aid effort - Rutland HeraldWASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds ...
Housing market far from robust - Rutland HeraldMILWAUKEE — Susan Kerwin's three-bedroom house in Jackson, Wis., has been in move-in condition since she put it up for sale in May. The trouble is finding someone who wants to move in — or even make an offer. She's heard lots of reasons why ...
Vermont, Maine only states to let inmates vote - SalonOct 22nd, 2008 | RUTLAND, Vt. -- The prison inmates had to think for a moment when Missy Shea of the Vermont Secretary of State's office asked them to name the only crime that would prevent an incarcerated person from voting in the state. "Murder ...
Public Notices - Amityville RecordSUPREME COURT - COUNTY OF SUFFOLK DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR LONG BEACH MORTGAGE LOAN TRUST 2006-WL1, Plaintiff against ELIZABETH CUNALATA, et al Defendant(s). Pursuant to a Judgment of Foreclosure and Sale entered on ...
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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