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Refer to a friend - PR Inside
www.usbank.com - U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit ...

November 2008 - Posts - MSNBC Firstread
For the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...

November 2008 - ABC News Blogs
1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...

Nick Robinson's Newslog - bbc
With one bound they were free. The Tories are no longer committed to matching Labour's spending plans. In a speech this morning David Cameron says that his party will take another look at what government should be spending in what is likely to be ...

Prescott's mortgage misery - This is Money
A two-bedroom Central London flat the former Deputy Prime Minister bought for £740,000 with a mortgage last September has fallen in value by £100,000, say analysts. It is likely to have dropped by more than £200,000 in the next 18 months. At 70 ...

Two-mortgages Prezza: How credit crunch will lose John Prescott £200 ... - Daily Mail
John Prescott's attempt to follow Tony Blair in becoming a property magnate is lying in tatters as he falls victim to the housing crash. A two-bedroom Central London flat the former Deputy Prime Minister bought for £740,000 with a mortgage last ...

The New Rules on Reverse Mortgages - US News and World Report
• Instant cash has strings. A reverse mortgage is a loan against your home's value that doesn't have to be paid back as long as you live in that house. Generally, you have to be 62 or older to be eligible for one. After paying a variety of fees ...

Arizona blackballed on some lender lists - Arizona Daily Star
Arizona is one of the states that some mortgage insurers view as distressed and deserving greater restrictions. However, Pima County real estate is not viewed as especially troublesome. GenWorth Financial lists the entire state on its "Declining ...

Savings with the lot - News.com.au
I STUCK my neck out two weeks ago in this column when I got right behind the Government's First Home Saver Accounts (FHSAs) – even though I knew they'd be as popular with young people as sharing a bunk bed with your brother. Talk about a tough sell ...

Peter Mandelson is too naive to be a Machiavelli - Times Online
In 1996 Peter Mandelson wrote a book, now out of print but available for a penny on Amazon. Eagerly awaited at the time for clues about the more opaque corners of the new Labour agenda, or the Machiavellian scheming of its author, The Blair ...

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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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