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Wildfires in LA reduce hundreds of homes to ash - Buffalo News
Southern Californians endured a third day of destruction Saturday as wind-blasted wildfires torched hundreds of mobile homes and mansions, forced tens of thousands of people to flee and shut down major freeways. No deaths were reported, but the Los ...

Even as winds calm, more Californians flee fires - Buffalo News
More residents of Southern California were urged to leave their homes Sunday despite calming winds that allowed a major aerial attack on wildfires that have destroyed hundreds of homes and blanketed the region in smoke. Fires burned in Los Angeles ...

Former Merced hospital worker accused of stealing $400,000 from Mercy - Merced Sun-Star
A former employee was arrested for forgery and embezzling of more than $400,000 from Mercy Medical Center Merced, Merced police said. Deborah Ann Morton, a former medical staff director at the hospital, used embezzled money to pay her mortgage, car ...

How Gordon Brown could do the business - Daily Telegraph
There is no longer any question that the British economy is in bad shape. Unemployment is rising, house prices are falling, credit is difficult or impossible to come by - there's more, but you get the idea. Not that things are as dire as the ...

Business Agenda - Cincinnati.com
Job Search Focus Group: 9-11 a.m., Hyde Park Community United Methodist Church, 1345 Grace Ave., Hyde Park. New member orientation begins at 8 a.m. $1. JSFG is a non-denominational networking and educational organization for people in career ...

Jay Bookman - Atlanta Journal Constitution
The entry titled "U.S. Rep. Paul Broun, R-Crazy," and any of the comments about it. A Georgia congressman, Paul Broun of Athens, has accused Barack Obama of being a Marxist with secret plans to take over the country, abolish all rights and rule as ...

1992 Republican Party Platform - CNN
Abraham Lincoln, our first Republican president, expressed the philosophy that inspires Republicans to this day: "The legitimate object of government is to do for a community of people whatever they need to have done, but cannot do at all, or cannot ...

ESCONDIDO: Worsening deficit puts brakes on staffing of new fire ... - North County Times
An Escondido fire captain runs down smoke-filled Lomas Serenas Drive in south Escondido while battling a fire last year. Escondido's plans to add a seventh fire engine to its department have been placed on hold as the city deals with a ballooning ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
Conservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...

Condominiums achieve unprecedented favour among Canadian homebuyers ... - CNW Group
Double-digit sales gains reported in most major markets in 2007 MISSISSAUGA, ON, Nov. 14 /CNW/ - After more than three decades of slow but steady growth, the condominium concept has finally clicked with Canadian homeowners. The lifestyle has proven ...

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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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