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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.

View all Terms
Shelby mortgage loan news:
Financial News
All About Him - Slate
McCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...

House moves to expand mortgage protection - MSNBC
Sept. 7: Four states account for one-third of foreclosures and defaults, and one-third of those are speculators -- people not even living in the dwelling. CNBC’s Diana Olick reports. WASHINGTON - Looking to help homeowners avoid foreclosure, the ...

Real Estate Mortgages - OpEdNews.com
5 Things Every Homeowner Should Know About the Hope for Homeowners Act Much more than a simple bill to help economically disadvantaged homeowners. The massive program punishes predatory lenders, slashes mortgage debt and reduces property taxes for ...

Real Estate & Construction - PR.com
Our company is located in Turkey Kusadasi. We are selling different type of properties. houses villas lands apartments off plan projects... BridgeStreet Worldwide London, United Kingdom BridgeStreet Worldwide is a wholly owned subsidiary of ...

A Bailout Scorecard - Forbes
As the housing crisis unfolds, the federal government has responded with measures to bail out, bolster and brace a growing list of needy groups in hopes of fending off economic disaster. From your next door neighbor to Bear Stearns , a look at where ...

Real Estate - OpEdNews.com
Chris Lugo: Americans Need Real Solutions to the Housing Crisis (5 comments) America faces a housing crisis that it has not seen the likes of since the great depression. Hundreds of thousands of families have lost their homes due to the mortgage ...

Archive » 2005 » July - Banker
Welcome to the largest edition of The Banker ever produced in nearly 80 years of publishing history. At 328 pages, our July issue is a veritable gold mine of articles, interviews, facts and figures. Taking pride of place is, of course, our annual Top ...

Shrum/McCain '08! - Slate
Bob Wright makes the case that Bristol Palin's pregnancy is a problem even if she marries the father of her child. It's bizarrely persuasive. ... 12:06 A.M. Immigration is, as of today, the great unmentioned issue at both conventions. ... 11:44 P.M ...

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