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On the road with the divas of the distressed sale - Tacoma News TribuneCindy Hornbuckle and her partner Lorrie Garl emerge from the Windermere office in Puyallup geared up like a special forces recon patrol. Garl climbs behind the wheel of a black Kia SUV; Hornbuckle rides shotgun, juggling a sheaf of the latest ...
U.S. Attorney in Manhattan resigns to join law firm - ReutersNEW YORK (Reuters) - Michael Garcia, a top federal prosecutor of terrorism and white-collar crime cases in New York, resigned on Monday to join a private law firm. Garcia, 47, will be replaced temporarily by his deputy, Lev Dassin, until President ...
REMEMBER WHEN WE ALL USED TO GO TO THE MALL? - Florida Times-UnionI n most towns, there is that one mall, the one that's been there forever. The mall where your grandparents plunked your parents into Santa's lap. The mall that immediately comes to mind when you hear someone say, "I'm going to the mall." For many in ...
Mortgagebot Forms POS Marketing Agreement With Byte Software - Market WireMEQUON, WI--(Marketwire - October 21, 2008) - Despite the unsettled conditions in today's mortgage marketplace, Americans are still buying homes at a solid pace -- and they're increasingly searching for low mortgage rates on the Internet. More than ...
'Tobacco Road' a vivid rendering of hard times - San Diego Union-TribuneForget being upside-down on their mortgage. This clan of Georgia sharecroppers – a family that would be dirt-poor if only they had the good fortune to own the dirt they live on – inhabits a shack that looks ready to slide sideways right into the ...
Single parent gets help adjusting her budget - Seattle TimesIf you would be interested in a free financial makeover in exchange for having your story and photo published in The Times, answer a few brief questions at seattletimes.com/ yourmoneysurvey . After nearly 20 years of living hand-to-mouth while making ...
Eight months after arson, Street of Dreams is a ghost town - Seattle TimesSteve Pak, owner of Metropolitan Construction & Design, began rebuilding his Greenleaf Retreat in late September. He expects to sell the new house, which will be a near-exact replica of the old one, for 20 percent to 30 percent less than its $1.85 ...
Area nonprofits feel strains of economy - Blueridgenow.comYou have an option. You can fill your tank with gas to go to work or buy a bag of groceries to feed your kids. What’s more important, the electric bill, the heating bill or your mortgage? Some people in Henderson County have had to make that choice ...
It’s Not Easy Being Green - Harvard Crimson10,000-odd Harvard students and other Cantabrigians flooded the Yard last Wednesday—all the while waiting in two-hour queues for free T-shirts and noshing on insipid apple crisp—to hear a keynote address from former Vice President Al Gore ’69 ...
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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