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NYC Apartment Rents Fell in November, Vacancies Rose (Update2) - Bloomberg
Dec. 4 (Bloomberg) -- Manhattan apartment rents fell for a fourth consecutive month in November and vacancy rates reached 2 percent for the first time in almost two years as Wall Street’s financial turmoil took a toll on the housing market. Rents ...

Oliver Haydock - New York Observer
Citi Habitats released its November rental market report today (PDF here ), showing a continued rise in vacancy rates across all Manhattan neighborhoods, and, while rents continue to soften, there hasn’t been a very significant decline. In October ...

2 plead guilty to bank robbery while on bail - Myrtle Beach Online
Two Myrtle Beach residents pleaded guilty in federal court to robbing a bank while out on bail, according to U.S. Attorney W. Walter Wilkins. Maurice Russell Small, 23, and Elysia Nicole Nolan, 20, robbed the Georgetown Craft Credit Union in ...

Electric Cars at a dealership in Los Angeles (Source: LA Times) - DailyTech
A bright star just months ago, electric car industry goes into dramatic reverse. In what many will find a surprising turn of events, electric car sales have plummeted this year, plunging the fledgling industry into financial turmoil. Many ...

Tom Acitelli - New York Observer
Yowza! In an email time-stamped 6:38 a.m., The Real Estate Group New York declared that Manhattan was now, for all intents and purposes, a tenant's market going forward. "Landlords are feeling a lot of pressure this month," Daniel Baum, the firm's ...

Delta, Northwest airlines post traffic declines - Milwaukee Journal Sentinel
Dec. 4, 2008 2:50 p.m. | Delta Air Lines Inc. today reported November traffic declines for both its Delta and Northwest Airlines units. For the Delta operations, revenue passenger miles in the United States dropped 10.5% compared to November 2007 ...

STANTON BARRETT RISKS HIS LIFE SO HE CAN RISK HIS LIFE - FOXSports.com
I'M WARNING you at the door: This is a love story with no satisfaction. It's got plenty of Hollywood but none where you really need it. The hero will do anything to possess the one he has loved since adolescence. He'll run through flames, jump off ...

EDITOR'S PICK - Marketwatch
Dollar's rapid appreciation has dark side as well as benefits Worst job losses since March 2003 predicted Investors hope the 'worst October' signals the worst is past Sony, CPSC: Computer makers recall 100,000 laptop-battery packs VeraSun files for ...

PHOTOGRAPHED BY HARLEY SOLTES - Seattle Times
THE NEON SIGNS float like beacons in the night sky at one end of a welcoming, spacious downtown: red, tempting and foreign. GO BY TRAIN pleads one. GO BY STREETCAR urges the other. Something tells me we're not in Seattle anymore, Toto. No, we're in ...

McConkey's bankruptcy filing delays foreclosure case - HometownAnnapolis.com
Del. Tony McConkey filed for bankruptcy yesterday, delaying a jury trial that was set to begin today in a civil case in which he is accused of scamming a woman out of her home. A judge ruled in September that the Severna Park Republican violated ...

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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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