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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
Baltimore home equity loans news:
Financial News
Shares in mortgage giants plummet - Baltimore Sun
NEW YORK - Shares of Fannie Mae and Freddie Mac tumbled in New York trading yesterday to the lowest levels in nearly two decades as speculation increased that the U.S. Treasury will bail out the mortgage-finance companies, wiping out shareholders ...

Lawsuit over signing shock - Houston Chronicle
Nanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The city sued one lender saying it was targeting black Baltimore homeowners with deceptive lending practices and high-interest loans and ...

COPT gives Hale project cash boost - Baltimore Business Journal
Corporate Office Properties Trust has agreed to give financial help to Canton Crossing, a $140 million Baltimore redevelopment hampered by delays, lawsuits and funding problems. Terms of COPT’s deal were not disclosed but people involved in the ...

No joke: Bank stocks are rallying - CNN Money
NEW YORK (CNNMoney.com) -- Don't look now, but bank stocks are in the midst of a big rally. Notwithstanding Thursday's painful broader market selloff, shares of some of the largest names in banking are up significantly since mid-July when fears about ...

Asian, European Markets Slide Ahead of Jobs Report - Washington Post
An investor gestures at a brokerage firm in Hong Kong Friday, Sept. 5, 2008. Hong Kong's key stock index fell to its lowest close in more than a year Thursday as investors worried slower economic growth would hurt demand and company profits. The Hang ...

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 ...

September August July June May April March February January 2007 - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

Displaying items 1-12 of 1595 - Fort Lauderdale Sun-Sentinel
A Web site sponsored by elected officials includes Social Security numbers and other data for thousands of Iowans -- including Gov. Chet Culver. IowaLandRecords.org is drawing sharp criticism from watchdog groups, which say it is putting Iowans at ...

Wall Street rallies on solid earnings - MSNBC
NEW YORK - Wall Street succumbed to its ongoing angst Tuesday, giving up a sharp advance and turning moderately lower after falling oil prices failed to calm the market’s nervousness about the economy and the financial sector. The Dow Jones ...

MetroGroup to leave Seward; 270 jobs lost - Lincoln Journal Star
MetroGroup, one of Seward’s largest employers, will be moving its operations out of the town by summer, leaving about 270 people without jobs. The direct mail company announced Friday that it has sold its MetroGroup Transaction Services business ...

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