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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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Dorchester home equity loans news:
Races heat up in home stretch - Charleston Post & CourierAnyone wanting to vote on Nov. 4 must register by Oct. 4. People can register by visiting their county voter registration board or by downloading the mail-in voter registration application at www.scvotes.org , completing it and mailing it to the ...
Awards » 2006 » The Banker Awards 2006 - BankerIn November the ceremony was held for The Banker Awards 2006 at The Dorchester Hotel in London. This year we gave awards in 137 countries and more than 100 countries were represented on the night. In the five years since it was privatised in late ...
Lowcountry feeling squeeze - Charleston Post & CourierChances are, you're not going out to eat as much as you once did. You buy what's on sale at the grocery store these days, do all your errands at once to save gas, maybe even turn off some of those 357 channels on the cable plan. Impulse buying? A ...
Bulletin board - Abington MarinerThe Plymouth Recreation Department is offering ballroom dancing classes taught by Richard Horblit in September and November, in the Memorial Hall auditorium. Call the Plymouth Recreation Department at 508-747-1620, ext. 137, or Richard Horblit at 508 ...
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