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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
Carroll mortgage quotes news:
Financial News
November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

October 2008 - New York Daily News
RIP Studs Terkel . (Man, is that a bummer). John McCain is sure he and Sarah Palin will "fool the pundits one more time." McCain called Obama, Harry Reid and Nancy Pelosi "the tax trifecta from hell." An RNC Web ad portrayed the three Democrats as ...

Recently in 2010 Category - New York Daily News
With Gov. David Paterson poised to become even more popular among aspiring junior US senators from New York , Democratic consultant Hank Sheinkopf suggests the governor might consider creating a "process" to select Hillary Clinton's successor to ...

Jake could make for J-heavy rotation - Atlanta Journal Constitution
The entry titled "Jake could make for J-heavy rotation," and any of the comments about it. A few things while pondering how a rotation with Jake, Jair and Jorge would be in J-overload if Jo-Jo were also to join (realizing, of course, his name ...

Enough postseason, let's get to Peavy - Atlanta Journal Constitution
The entry titled "Enough postseason, let's get to Peavy," and any of the comments about it. So I’m getting the distinct impression that most of you on the Braves/MIB blog would like to be done already with this postseason so we can get on to ...

Park Slope - New York Observer
Chris Shott. Back of the line, Fifth Street, 10:23 a.m. A whopping 248 voters -- plus children and at least seven baby stollers -- waited in a U-shaped line, stretching from the Fourth Street entrance to PS 51, continuing down the entire block of ...

BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain News
Democratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...

Search Results from beSpacific - BeSpacific
Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup, November 23, 2008: "The U.S. government is committed to supporting financial market stability, which is a prerequisite to restoring vigorous economic growth. In support of this ...

Saul Alinsky Takes the White House - Spectator.org
Conservatives may not realize just how difficult it might be to recover from this week's elections. The day after the big defeat, the conservative chatter everywhere was about how the "movement" and the Republican Party (two different things) could ...

Doctors Support Universal Health Care: Survey - Common Dreams
WASHINGTON - More than half of U.S. doctors now favor switching to a national health care plan and fewer than a third oppose the idea, according to a survey published on Monday. The survey suggests that opinions have changed substantially since the ...

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