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Cautious reception for mortgage plan - Morning CallUse the home in question as their primary residence. Prove they were worthy of credit when they took the original loan. Have provided a down payment on the home. Local housing and banking experts are reacting cautiously to John McCain 's proposal to ...
Local Business Scene: Planner - Allentown Morning CallPENNSYLVANIA CAREERLINK Bucks County job search workshops, 9 a.m., Bucks County Community College Upper Campus, 1 Hillendale Drive, Perkasie . Register for Writing Resumes that Get Results and Effective Interviewing at http://www.cwds.state.pa.us ...
Rage in the Town of Bethlehem - Washington PostBETHLEHEM, Pa. Now, it's personal. John McCain and Sarah Palin were backstage, and Lehigh County GOP Chairman Bill Platt was warming up the crowd of 6,000 at a rally here for the Republican ticket. "Think about how you'll feel on November 5 if you ...
Brown will punish 'irresponsible' fat cats - Times OnlineBankers and financiers who take irresponsible risks should be “punished” for their actions, Gordon Brown said today. Following yesterday’s massive Government bailout for the banks, the Prime Minister spoke of his anger at the way some in the ...
It’s NOT the racial issues, stupid - Politico.comNever mind polls. Pennsylvania state Sen. Lisa M. Boscola does not need numbers to understand the meaning of the voices she hears while knocking on doors in her Lehigh Valley district. “I’m hearing, ‘Oh, you know, he’s just not ready.’ I ...
Chief in salary cap warning - SkySportsSpeaking at the Leaders in Football conference at Stamford Bridge, Triesman revealed English clubs face an uncertain financial future as they currently owe an estimated £3billion. Triesman fears the current economic climate could cause major damage ...
Erie County Real Estate Transactions - Buffalo NewsA. Carbone; Dominic J. Carbone; Dominic Carbone to Alcona Inc., $985,450. • 277 Landings Drive, Nancy H. Golightly; Charles G. Golightly to GMAC Global Relocation Llc, $375,000. • 277 Landings Drive, GMAC Global Relocation Llc to Sara K. Kieffer ...
Nationwide plans to close mortgage processing centres to reduce costs - The IndependentThe Nationwide is planning to close five mortgage processing centres with the potential loss of just over 100 jobs as part of an efficiency drive by Britain's biggest building society. The society told staff yesterday of the intended closures ...
Nationwide closure plan: Northampton centre is safe - Northampton ChronicleNationwide's mortgage processing centre in Northampton is safe after the company revealed plans to close five of its centres. Staff at the centres are being informed of the move today, and will then begin a 30-day consultation period. The centres at ...
Nationwide plans to close mortgage processing centres - Belfast TelegraphThe Nationwide is planning to close five mortgage processing centres with the potential loss of just over 100 jobs as part of an efficiency drive by Britain's biggest building society. The society told staff yesterday of the intended closures ...

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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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