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McCain, Palin Avoid Hot-Button Issues at Colorado Rally - CBS News
(COLORADO SPRINGS, COLO.) – The two big constituencies here for Republican presidential candidates are members of James Dobson’s Focus on Family ministry, and the large military presence anchored by the Air Force Academy. Sarah Palin and John ...

McCain, Palin rally in Springs - Pueblo Chieftain
COLORADO SPRINGS - More than 15,000 people crowded outside an open hangar here Saturday morning to cheer for Arizona Sen. John McCain and to roar for his new running mate, Alaska Gov. Sarah Palin. Carrying signs that said "Hockey Moms for Palin" and ...

McCain's Annoying Little Fraud - Slate
( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...

Foreclosure Effect on Home Prices May Be Small - Wall Street Journal
Even though data Friday from the Mortgage Bankers Association indicated that U.S. foreclosures hit a record in the second quarter, that won’t necessarily translate into big declines in home prices. (Getty Images) That appears to be the conclusion ...

Fannie and Freddie Enter the Presidential Race - Wall Street Journal
Nick Timiraos reports on the presidential election. Barack Obama and John McCain embraced a federal rescue of Fannie Mae and Freddie Mac on Saturday while making clear that shareholders, and not taxpayers, should bear the brunt of losses. Treasury ...

Three men charged with breaking into Bonita home - Naples Daily News
BONITA SPRINGS — Three suspects accused of breaking into a Bonita Springs home were arrested Wednesday night after a pursuit that involved deputies from three counties, and a fourth suspect is still on the loose. According to the Lee County Sheriff ...

September 2008 - Posts - MSNBC Firstread
WILMINGTON, Del. -- With Cheney -esque stealth, Biden made a surprise appearance this morning at the Constitutional law class he had been scheduled to teach before his selection as Barack Obama's running mate. The campaign had not publicly announced ...

Edwards Reconsidered - Common Dreams
There have been good reasons not to support John Edwards for president. For years, his foreign-policy outlook has been a hodgepodge of insights and dangerous conventional wisdom; his health-care prescriptions have not taken the leap to single payer ...

Colombia Faces Military Border Blockade from Venezuela and Ecuador - Common Dreams
Venezuela and Ecuador were today seeking to increase pressure on Colombia over a controversial military raid, as the region's most perilous crisis for years developed into a test of diplomatic strength between their leftwing governments and the ...

Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-Review
How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

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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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