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News about Mortgages:
One dead in SUV-semi crash in Walworth County - Milwaukee Journal SentinelOne lane of Highway 11 remains closed this afternoon for a half-mile on both sides of Highway DD in Spring Prairie Township. Deputies are alternating traffic eastbound and westbound through the area, according to sheriff's Capt. Scott McClory, patrol ...
Gananda senior housing project gets state funding - MPNowThe state Housing Finance Agency has approved $6.4 million in financing for the construction of a 62-unit senior citizen rental apartment complex in the Gananda development. “Even in these tough financial times, my administration is dedicated to ...
Local home sales rise for first time this year - Milwaukee Journal SentinelHome prices fell about 4.7% in the metro Milwaukee area through the first nine months of the year, but sales of existing homes rose in September — the first time in 2008 that sales were up from the same month a year earlier, a report released ...
Telephone and Data Systems Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood morning. My name is Adrian and I will be your conference operator today. At this time, I would like to welcome everyone to the third quarter conference call. All lines have been placed on mute to prevent any background noise. After the speakers ...

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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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