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News about Mortgages:
Drysdale, others looking to start pro - Jacksonville Daily RecordWith mortgage foreclosures in Duval County nearing the 5,000 mark for this year, local losses are expected in the hundreds of millions according to one study. “As the foreclosure crisis widens, property owners, local governments, lenders and ...
Obama gets big welcome in Jacksonville - Miami HeraldJACKSONVILLE -- To an amped and overflowing crowd in a Republican stronghold, Democrat Barack Obama stepped up his attacks on John McCain, saying Saturday that the Republican in these tough economic times ``wants to do for healthcare what Washington ...
Obama gets big welcome in Republican Country - Miami HeraldJACKSONVILLE -- -- To an amped and overflowing crowd in a Republican stronghold, Democrat Barack Obama stepped up his attacks on John McCain, saying Saturday that the Republican in these tough economic times "wants to do for healthcare what ...
Sink outlines foreclosure crisis in Jacksonville - Jacksonville Daily RecordDuval County is one of the worst counties in the U.S. when it comes to foreclosures. Last Monday, a group of City officials, attorneys and the Chief Financial Officer of Florida, Alex Sink, held a round table discussion at Jacksonville Area Legal Aid ...
A home page for bidding on foreclosures - Los Angeles TimesAs the nation prepares to pay the price for years of unfettered property speculation, a collection of online companies is hoping to cash in on an oncoming wave of foreclosure sales by auctioning distressed homes online -- with significant ...
Electronic Filing - Daily Business Reviewlorida courts, deluged with foreclosures and facing personnel cutbacks, are finding ways to streamline the process and take it online. Two Florida counties — Duval and Manatee — recently became the first in the nation to auction off foreclosed ...
Schools Scramble to Pay Teachers Amid Funding Freeze - First Coast NewsJACKSONVILLE, FL -- At least one First Coast school district scrambled to pay its employees Friday morning as a statewide funding freeze hit schools, cities, and counties across the First Coast. Imagine your bank calls you and says that you can't ...
Letters from readers - Florida Times-UnionI applaud the Times-Union for its informative "Where They Stand" article. Voters should base their presidential choice on the proposed policies of the prospective candidates, not the disinformation spread by political pundits and bloggers on both ...
Jeweler continues Habitat for Humanity help - News-PressEmployees from Congress Jewelers spent a day hanging sheetrock at a Habitat for Humanity construction site in Cape Coral, helping to bolster corporate donations made through the Community Contribution Tax Credit Program. Since 2002, Congress Jewelers ...
Jacksonville contributors favor McCain and Republicans over Obama - Jacksonville Business JournalNORTHEAST FLORIDA — Northeast Florida has been good to Republican presidential candidate John McCain and will likely be even more generous when his running mate Sarah Palin visits Jacksonville in early October. McCain, who was stationed in ...

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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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