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Mortgage advice - GMTVWe'll all be watching the news later today to see if the Monetary Policy Committee (MPC) drops the Bank of England base rate again. Off the back of huge reduction of 1.5% last month, the base rate currently stands at 3%, although it's widely expected ...
A mixed bag for women this election year - SalonSome touted it as such, and in many ways it was a watershed election season: The first viable female presidential candidate -- and she almost won. A female vice-presidential nominee -- and she was a Republican. And a president-elect who's appointing ...
Viewing all entries for: December 2008 - Economist.comThere has been a fascinating discussion taking place on depression economics. Paul Krugman, who's rereleasing his book on the subject, touched off the latest round with a note on wage policies, aggregate demand, and aggregate supply. Greg Mankiw ...
Deeds Sept 21st thru 30th 2008 - Cecil WhigBertha J. Sager, Trustee, to Barbara S. Dean, George Street, Chesapeake City, $0, September 29. Bertha J. Sager, Trustee, to Barbara S. Dean, 43 Basil Avenue, Chesapeake City, $0, September 29. Jan A. Banker to Jan A. Banker and Fay Walker, 721 Bell ...
More Letters to the Editor - Seattle Post IntelligencerAfter reading Chris McGann's article regarding the Building Industry Association of Washington, I feel compelled to respond. The public has no idea what the BIAW does -- when it isn't smearing the governor. I'd like to shed some light on these guys ...
Amazing but true: Google vs S&P 500 - Bloggingstocks.comFiled under: Forecasts , Other issues , Rants and raves , Google (GOOG) , Indices , Market matters , Technical Analysis , S and P 500 , Stocks to Buy , Recession If you are a stock trader you might have made money using Google (NASDAQ: GOOG ) as an ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
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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