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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

Franklin mortgage quotes news:

Political Insider - Atlanta Journal Constitution
Get the latest news, opinions and blogs on politics and the election from across the state on the Georgia Politics page. Denver — In a rousing morning address to a joint meeting of the Georgia and Alabama delegations, U.S. Rep. John Lewis (D-Ga ...

August 2008 - Posts - MSNBC Firstread
Ted Stevens , the grand-daddy of Alaskan politics, has a wary relationship with the new Republican VP pick -- Alaska Gov. Sarah Palin . When Palin was running for governor in 2006, she ousted long time Alaska fixture Frank Murkowski in a hard fought ...

'Those Are The Facts': Obama Sounds Out New Message, Riffs, Refrains ... - ABC News Blogs
Sounding out themes for his convention speech and teeing off fresh economic news from a U.S. Census Bureau report, Sen. Barack Obama, D-Ill., stood in a Kansas City, Mo., airplane hangar this afternoon to decry how his Republican opponent is deaf to ...

US Protests Shrink While Anti-War Sentiment Grows - Common Dreams
WASHINGTON - Crowds at antiwar rallies in Washington have dwindled even as U.S. opinion has turned against the war in Iraq, as organizers feud and participants question the effectiveness of the street protests. Rival antiwar groups, which in years ...

Why The Right Loves a Disaster - Common Dreams
Moody's, the credit-rating agency, claims the key to solving the United States' economic woes is slashing spending on Social Security. The National Assn. of Manufacturers says the fix is for the federal government to adopt the organization's wish ...

History's Back - Weekly Standard
Here’s what Barack Obama told Time ’s Karen Tumulty and David Von Drehle earlier this week, when asked what we would learn about him from his vice presidential pick: Hopefully, the same thing that my campaign has told the American people about me ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
It's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

What's Wrong With Environmental Alarmism - Slate
Seventy-five years ago this week, on July 2, 1932, Franklin D. Roosevelt accepted the Democratic nomination for president and pledged "a new deal for the American people." He promised public works, agricultural price supports, new mortgage markets ...