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Hong Kong’s Stock Index Climbs; ICBC Rises, Developers Fall - Bloomberg
Dec. 4 (Bloomberg) -- Hong Kong’s benchmark stock index rose for a second day after China said it will step up measures to ensure “sufficient” liquidity in the banking system to bolster growth amid a global recession. Industrial & Commercial ...

Goldman, Morgan Stanley Face Tough Fourth Quarter: Analysts - Post Chronicle
Wall Street analysts expect a tough fourth quarter for Goldman Sachs Group Inc (GS.N: Quote , Profile , Research , Stock Buzz ) and Morgan Stanley (MS.N: Quote , Profile , Research , Stock Buzz ), laden with significant write-downs amid challenging ...

New Issue-Potomac Electric Power sells $250 mln debt - Reuters
Dec 3 (Reuters) - Potomac Electric Power Co, a unit of Pepco Holdings Inc (POM.N: Quote , Profile , Research , Stock Buzz ), on Wednesday sold $250 million of 30-year first mortgage bonds, said market sources. Morgan Stanley, Wachovia, JP Morgan ...

Goldman and Morgan Stanley Q4 may be "ugly": analyst - Boston Globe
(Reuters) - The fourth quarter will prove to be "ugly" for Goldman Sachs Group Inc and Morgan Stanley with meaningful write-downs as markets continue to be challenging, an analyst at J.P. Morgan Securities said. Goldman may post a huge ...

U.S. to Speed Investment From China Banks, State Fund (Update2) - Bloomberg
Dec. 5 (Bloomberg) -- The U.S. agreed to speed up approvals for Chinese financial institutions seeking to invest in the country, as Treasury Secretary Henry Paulson tries to find ways to unlock frozen credit markets and stabilize banks. The ...

Bank of America eyes Merrill Lynch acquisition - Charleston Post & Courier
CHARLOTTE — When shareholders vote on Bank of America Corp.'s acquisition of Merrill Lynch & Co. today, they are expected to transform the bank into a business befitting its name and change the face of Wall Street. The shotgun deal, valued at $50 ...

The Difference Between TARP and TALF - Seekingalpha.com
This past Tuesday, Treasury Secretary Henry Paulson introduced a new resolution to the current financial turmoil that is rocking our world's economic stability. After the Federal Reserve first handed a $700 billion bailout plan to Congress in ...

Cashing in on double standards - Detroit News
The feds pump another $20 billion into teetering Citigroup Inc. and insure $306 billion in bad assets just days after Congress slaps Detroit's automakers for failing to table "a plan" to justify $25 billion in loans and folks 'round here cry, "Double ...

Premarket roundup: Black Friday, Bankrate - Boston Globe
NEW YORK (AP) -- Black Friday deals brought more shoppers to discount and mall-based retailers, but Wall Street analysts said Monday that the surge in traffic and sales is unlikely to last through the holiday shopping season. NEW YORK (AP ...

Best & Worst in Money 2008: Most shocking financial collapse - Bloggingstocks.com
Filed under: JPMorgan Chase (JPM) , Bank of America (BAC) , Federal Natl Mtge (FNM) , Goldman Sachs Group (GS) , Morgan Stanley (MS) , Lehman Br Holdings (LEH) , Financial Crisis This post is part of AOL Money & Finance's Best & Worst in Money 2008 ...

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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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