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PHOTOS: Water is gone but Bonita flood victims fight to stay afloat - Naples Daily NewsTwo months after he packed his furniture into a moving truck and escaped to his grandmother’s house, he’s back in his living room, chain-smoking cigarettes on a plaid sofa and watching “Unsolved Mysteries” on TV. Since the flood, little else ...
Options Trader: Monday Outlook - Seekingalpha.comWell, this is why we don’t get excited about rallies until we see our ranges properly broken. The market has been, on the whole, pretty well behaved in a range between 8,200 and 9,200 with occasional breaks up and down of equal proportions and time ...
PNC-National City bank deal draws criticism - Cleveland Plain Dealer BlogChuck Crow/The Plain Dealer Many oddities surround the sale of National City Bank to PNC Financial Services Group, including: How can PNC pay nearly 20 percent less for Ohio's largest bank than its stock traded for the day before? Three weeks after ...
The Only Cure for a Bubble... - Safe HavenFor the week, the S&P 500 dropped 6.2% (down 40.5% y-t-d) and the Dow fell 5.0% (down 35.9%). Economically-sensitive stocks were hit hard. The Morgan Stanley Cyclicals sank 9.6% (down 54.3%). Transports dropped 4.7% (down 23.5%), the Morgan Stanley ...
Business Tech - CNET NewsThe Mozilla Foundation pulled in $75 million in revenue in 2007, the "vast majority" of it from a search partnership with Google, the Firefox backer plans to announce Wednesday. "Mozilla is well positioned to remain vital and effective during the ...
Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island AdvanceAdvance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...
November 2008 - Posts - MSNBC FirstreadFor 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 ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
November 2008 - Weekly StandardOut on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...
The race begins for tide power bonanza - ScotsmanTHE race to develop Scotland's seas into the "Saudi Arabia of marine power" is about to start, with plans for 500 underwater turbines in the Pentland Firth. The Scotsman can reveal that an Australian company is already preparing a serious bid for the ...
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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