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LEYTON: Plasterer in £62,000 lottery win - Epping Forest GuardianA PLASTERER has scooped a £62,000 lottery win. Rene Darroux, 52, from Leyton, plans to spend some of his winnings from the Euromillions draw on a trip to Las Vegas. He said: "Winning this money is such a relief. I have a mortgage and being self ...
Lehman Bros. chief executive faces lawmakers - Los Angeles TimesLehman Bros. CEO Richard Fuld testifies about the investment bank’s collapse during a hearing before the House Oversight and Government Reform Committee. Rep. Henry Waxman grills Richard Fuld about compensation he received as the 158-year-old ...
ACCION USA Provides Credit Help for Strapped ''Main Street ... - PR Insidewww.accionusa.org - ACCION USA Erika Eurkus, 617-616-1559 Senior Director of Capital and Brand Development ACCION USA, the nation's largest nonprofit microloan provider to low- and moderate-income entrepreneurs, is reporting that more alternative ...
Berkshire County Real Estate Transactions - Berkshire EagleDouglas V. Pleshaw and Ann Mary Pleshaw sold property at 22 East Orchard Terrace, Adams, for $36,000 to Billy J. Carr. Beverly Ann Hassel sold property at 132 Dawn Drive, Becket, for $105,000 to Scott F. Thibault and Lynne A. Thibault. Philip R ...
Rent increases felt by tenants of modest means - Fayetteville ObserverJames Hurst got mad when the new owners of Adams Court Apartments told him his rent would rise by 10 percent. The 89-year-old bachelor then began to worry that he might have to move if his rent — which has increased to $475 a month — rose any ...
Halifax hikes its mortgage rates - Epping Forest GuardianBritain's biggest mortgage lender has become the latest mortgage lender to hike its mortgage rates. Halifax said it was raising its rates by up to 0.25%, following last week's increase of up to 0.45%. The group blamed the move on continued increases ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Criminal probes likely in financial crisis - Connecticut PostFirst comes the bailout and its hope to bring stability to the country's financial community. Then comes the fallout. And when that comes, investigators and former federal prosecutors believe there are enough criminal statutes on the books to be ...
National City Bank Denies Rumors - WHIO TVDAYTON, Ohio -- Officials of National City Bank said rumors that the bank is struggling and on the verge of closing, are not true. National City spokesperson, Kristen Baird Adams, said the bank is stable, has good money reserves and its customers ...
Investors boost stocks after mortgage deal - San Francisco GateTuesday, September 9, 2008 Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur after the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow ...

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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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