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William Jefferson... still in Congress - MSNBC FirstreadWell, he's still in Congress, and he's likely to stay there for a while. Technically, Jefferson still has to win a Dec. 6th runoff in Louisiana. But his opponent, little known Republican lawyer Anh "Joseph" Cao , stands little chance in Louisiana’s ...
Day care in time out - Worcester Telegram & GazetteFirst, the people living day-to-day who were immediately hit. Now it’s hitting people who thought they were safe for a while. ROCKFORD, Ill.— The nation’s economic troubles play out one family at a time at the New Horizons Learning Center in ...
Is America angry at GM, Ford, Chrysler? - Ann Arbor News BlogEven if the Big Three automakers get their bailout, they face a bigger problem than they ever imagined. If we've learned anything the past few weeks, it's that Americans are either mad at General Motors, Chrysler and Ford, or, worse, they're ...
Business brief - Chicago Sun-TimesSears Holdings Corp., the biggest U.S. department-store company, said Chief Financial Officer J. Miles Reidy will step down later this year. The Schaumburg-based retailer hired Michael Collins, a former executive at General Electric Co.'s NBC ...
Parental Recession: Cutting Back on Day Care - Time(ROCKFORD, Ill.) — The nation's economic troubles play out one family at a time at the New Horizons Learning Center in this struggling city two hours northwest of Chicago. Some parents have been laid off and must pull their children out of the day ...
Ryan emerges as leader in alternative bailout plan - Milwaukee Journal SentinelArmed with their own ideas about how to rescue the financial industry, House Republicans have changed the dynamics of congressional negotiations over a $700 billion bailout plan by Treasury Secretary Henry Paulson. Rep. Paul Ryan, a Janesville ...
State lawmakers wary of Bush proposal - Milwaukee Journal SentinelEven as congressional leaders were announcing agreement Thursday on the broad outlines of a $700 billion bailout of the financial industry, rank-and-file lawmakers continued to express skepticism about the plan. The plan would allow the government to ...
Latest newspaper endorsements in presidential race - ForbesExcerpts from recent newspaper endorsements of presidential candidates John McCain, a Republican, and Barack Obama, a Democrat. The Cedar Rapids (Iowa) Gazette, for Republican John McCain: The United States and the world are on the brink of a major ...
Financial Services - PR.comFounded in 1996, IDMI began with a fresh, forward looking approach to meeting its customer’s needs. Their focus is the Insurance industry... iEmployee Seekonk, MA iEmployee offers a full suite of on-demand, 100% web-hosted workforce management ...
Homeless student count surging across state - Wisconsin State JournalMadison is far from the only Wisconsin school district seeing a sharp increase in its homeless student population. There were at least 8,957 homeless students in Wisconsin at some point during the last school year, up 67 percent from 5,358 in 2003-04 ...
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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