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Kristi O'Harran - Everett Herald
One family’s mortgage crisis August 1998: The Bergers buy a two-story house for about $153,000 in Marysville after renting for about a year. They get a 30-year Veterans Affairs mortgage with a 7 percent fixed rate through Countrywide Financial ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-Review
In a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...

Blue Island - Chicago Tribune
Emergency personnel remove a victim from a CTA bus after it crashed Tuesday at Roosevelt Road and Blue Island Avenue on the Near West Side. Twenty people were hurt after a car rear-ended the bus, and another car careened off the intersection,... An ...

Delivering financial education - Daily Independent
ASHLAND — Financial experts — traveling on a bus loaded with computers and other resources — are finding locals need only education and advice to get their credit on the right track. Gretchen Bias, community development officer for Fifth Third ...

David Brooks thinks he sees a "new establishment" to run economic ... - Salon
In his New York Times column this morning, David Brooks announces that as a result of the financial crisis, "a new center and a new establishment is emerging" that will rule as a Benevolent Oligarchy over economic policy and will be comprised of Old ...

Home sales fall - Everett Herald
Home sales fell hard in Western Washington during October as concerns about a worldwide recession stopped many potential buyers in their tracks. Nathan Gorton, director of the Snohomish County Camano Board of Realtors, said the industry was slammed ...

56 Fort Street - Scoop
An iconic Auckland character building is on offer to the market through agency, CB Richard Ellis. Dominic Ong, who is marketing the property, 56 Fort Street, says the property is expected to attract high interest because of the unique profile and ...

People of mixed race define themselves - Bismarck Tribune
SEATTLE - Rachel Clad's parents are a black woman from Detroit and a white man from California who met in the Peace Corps in Africa. Clad, 26, was born in New Zealand and spent her early years in far-flung parts of the world before her family settled ...

The Great Silence - Common Dreams
Google "second Gilded Age" and you will get ferried to 7,000 possible sites where you can learn more about what you already instinctively know. That we are living through a gilded age has become a journalistic commonplace. The unmistakable drift of ...

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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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