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Chambliss win vital? You betcha. - Atlanta Journal ConstitutionWant to see Sarah Palin in Georgia? And if she’s not available, John McCain? If U.S. Sen. Saxby Chambliss is, in fact, forced into a runoff — something that could be known when Fulton County (Atlanta) election officials deem it convenient to ...
Editor's Mailbag (Oct. 1) - Albany Democrat-HeraldThis is a response to Matthew Cook (Mailbag, Sept. 25). It is clear that Mr. Cook has no connection to South Albany High School or he would know that PRIDE is a simple acronym: P is perseverance; R is respect; I is integrity; D is discipline; and E ...
Phillip Morris: What can pull Cleveland off its deathbed? - Cleveland Plain DealerIt's too early to put on black suits and start penning eulogies. But it is time to put a signature on the city's living will. It is time to make sure no one signs a municipal "do not resuscitate" order. I'm trying to play it cool, but in the wake of ...
Email Crime Scene KC - Kansas City Star BlogsMission playground fire causes $25K in damage Nudists versus wifeswappers! The Michael Vick story can't get any worse, right? UK boy, 12, died from using too much deodorant FL man stabs brother in the chest over a hat, police say As though being a ...
Still no Medical Records from Palin; What's the Hold Up? - ABC News BlogsABC News Kate Snow reports: Governor Palin's campaign still has not released any information regarding her medical records despite frequent requests from the news media and the campaign's own assertion that they would release this information soon ...
New Wright Ad Attacks Obama in Battlegrounds - ABC News BlogsABC News’ Rick Klein Reports: A Republican political action committee on Monday is launching a new TV ad campaign in three battleground states featuring Sen. Barack Obama alongside the Rev. Jeremiah Wright, in the latest salvo from a GOP-aligned ...
Saul Alinsky Takes the White House - Spectator.orgConservatives may not realize just how difficult it might be to recover from this week's elections. The day after the big defeat, the conservative chatter everywhere was about how the "movement" and the Republican Party (two different things) could ...
Governor's state cuts called 'catastrophic,' 'devastating' - Syracuse Post-StandardGov. David Paterson warned that budget cuts would be painful, but they could turn out to be most excruciating for him, judging by reactions to proposals he outlined Wednesday. Within hours of learning the details of Paterson's plan, members of more ...
Nick Robinson's Newslog - bbcThe government is preparing to admit that a huge and unplanned-for rise in government borrowing will have to be paid back in the years to come. The chancellor is expected to announce spending rises and tax cuts to boost the economy in his pre-Budget ...
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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