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Dubois Spencer
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
Clark home equity loans news:
Financial News
Radio & TV Talk - AccessAtlanta
The entry titled "1/5: Clark Howard debuts on CNN Headline News," and any of the comments about it. I DVRed Clark Howard’s new show on CNN Headline News, which debuted this past weekend, repeated six times at 6 a.m., noon and 4 p.m. Saturday and ...

Commenting is open from 8 a.m. to 5 p.m. M-F - AccessAtlanta
Access Atlanta > Entertainment > Radio Talk > Archives > 2009 > January > 04 Sunday, January 4, 2009 1/5: Clark Howard debuts on CNN Headline News By Rodney Ho | Sunday, January 4, 2009, 09:09 PM The Atlanta Journal ...

Mortgage crisis here may be worse than reported - Buffalo News
Dorothy Gary never lost her home, but the senior citizen’s oversized 24 percent mortgage rate brought her awfully, awfully close. Gary got help, but only after learning that seven years of uninterrupted monthly payments had barely made a dent in ...

AIG: The Company That Came To Dinner - Insurance News Net
Copyright 2009 Time Inc.All Rights Reserved Fortune January 19, 2009 U.S. Edition SECTION: FEATURES; Pg. 70 Vol. 159 No. 1 LENGTH: 5956 words HEADLINE: AIG: THE COMPANY THAT CAME TO DINNER BYLINE: CAROL J. LOOMIS; REPORTER ASSOCIATE Doris Burke In a ...

Ontario public school elementary teachers threaten strike - Globe and Mail
sam zhang from Toronto, Canada writes: I agree that unions should be banned from having any power except to protect people's basic human rights. They should ensure the children's safety and education with minimized impact even they have a good reason ...

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