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News about Mortgages:
TCRC moves facility to aid clients - Peoria Journal StarThe Tazewell County Resource Center will move one of its Morton facilities to some new digs on the other side of town next month. The center's location in the Field Shopping Center in Morton will soon be relocated to a new, $3 million facility on the ...
Destructive accounting rule needs real reform - Tulsa WorldMorton Kondrake in his Monday column highlighted the Draconian impact that "mark to market" accounting has had on the balance sheets of banks and other financial institutions in the current financial crisis ("Will Obama opt for pragmatism in energy ...
Lynda Ann Stowell - Taunton GazetteLynda Ann Stowell, 53, of County Street, Taunton, Massachusetts; a native of Mansfield, Massachusetts; died unexpectedly on Friday, November 28, 2008 shortly after her arrival to the Morton Hospital and Medical Center in Taunton. Born in Boston ...
Two-bottle limit - Peoria Journal StarEditor's note: Recently reader George Grisham of Morton wrote to ask if I would consider reprinting a column I wrote 15 years ago, when I was a far younger and more energetic man and the responsibilities of this job were such that they afforded me ...
commercial real estate - New York Observer95 Morton Street. The New York-based real estate private equity firm Brickman has dropped $96.5 million on 95 Morton Street, an eight-story pile of bricks at the corner of Morton and Washington streets. The Fifth Avenue firm signed the deed on Nov ...
Commentary: Nationalize GM - Detroit NewsAt the moment, D.C. and Detroit are brooding on a Morton's Fork: Watch the American automakers auger in and take hundreds of thousands of jobs with them, or bail out these failed and incorrigible companies whose management so richly deserves whatever ...
Nationalize GM - Los Angeles TimesAt the moment, D.C. and Detroit are brooding on a Morton's Fork: Watch the American automakers auger in and take hundreds of thousands of jobs with them, or bail out these failed and incorrigible companies whose management so richly deserves whatever ...
When the Downturn Sailed Into Savannah - Star News OnlineA container ship passes through Savannah, Ga. The nation’s economic downturn has begun chipping away at expansion and prosperity in this port city, dimming a 20-year boom. Stephen Morton for The New York Times DOZIER COOK founded the construction ...
Obama pragmatic on energy? - The Washington TimesHis economic appointments - Timothy Geithner as Treasury secretary, Lawrence Summers in the White House, Christina Romer at the Council of Economic Advisers and Peter Orszag at the Office of Management and Budget - have sent reassuring signals to ...
Fire Rush Limbaugh - Pottstown MercuryBy Morton Kondracke, Columnist How can the Republican Party rebound? The first step would be to quit letting Rush Limbaugh, Sean Hannity and Laura Ingraham set its agenda. A second step would be for congressional Republicans to actually try to help ...
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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