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How About Let's Not Demagogue The Auto Industry Crisis? - Nation
Michael Scherer over at Swampland writes today about what a swell idea it would be to have Mitt Romney, who has been demagoguing the auto industry crisis, as "auto czar."  (Mitt's dad was head of an auto maker that is no longer in business, I guess ...

ALL STORIES FROM November 2008 - Staten Island Advance
The lowest cash gas price on Staten Island this morning is the Sunoco station at Armstrong Avenue and Arthur Kill Road in Great Kills. The station has a listed price of $2.21 per gallon of unleaded regular, according to NewYorkGasPrices.com . Fire ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

November 2008 - ABC News Blogs
ABC News' Huma Khan Reports: Rep. Ron Klein, D-Fl., is reminding Americans to claim their money -- a total of 383,000 checks worth $266 million that could not be delivered by the U.S. Postal Service. It includes $163 million in economic stimulus ...

Real-Time News - Newark Star-Ledger
• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...

November 2008 - Posts - MSNBC Firstread
Senate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...

McCain for President, Part II - Washington Post
Last week I made the open-and-shut case for John McCain: In a dangerous world entering an era of uncontrolled nuclear proliferation, the choice between the most prepared foreign policy candidate in memory vs. a novice with zero experience and the ...

On domestic policy, difference is ideological - Philadelphia Inquirer
Last week, I made the open-and-shut case for John McCain: In a dangerous world entering an era of uncontrolled nuclear proliferation, the choice between the most-prepared foreign policy candidate in memory vs. a novice with zero experience and the ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

The 30-minute Obamathon - Atlanta Journal Constitution
With Barack Obama holding a significant but not decisive lead in the polls, his decision to buy 30 minutes of uninterrupted airtime on NBC, CBS, FOX, Univision, BET, MSNBC and TV One (8 p.m. Eastern) can be seen as either a bold bid to press and ...

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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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