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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Blaine mortgage rates news:

McCain & Palin return to the metro for 1st time since RNC - KARE
BLAINE, Minn. -- Republican John McCain is casting himself as candidate most able to turn around an economy wracked by unnerving failures on Wall Street. "I will end the corrupt practices on Wall Street and the back-room deals in Washington DC ...

MCAN Mortgage Corporation reports third quarter earnings - CNW Group
Stock market symbol TSX: MKP >> TORONTO, Nov. 7 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") reported net income of $10.4 million for the third quarter of 2008, up from $3.1 million a year earlier. Earnings per share for the ...

Central Banks Slashing Rates As Investors Flee - Free Internet Press
Central banks around the world are moving to further slash interest rates as they seek to contain the damage from the bursting of the biggest credit bubble in history. The Federal Reserve is poised to cut its benchmark rate for the second time in two ...

Glimcher Announces $80 Million of Mortgage Financings - PR Newswire
COLUMBUS, Ohio, Oct. 10 /PRNewswire-FirstCall/ -- Glimcher Realty Trust (NYSE: GRT) announced today that it has completed a $40 million mortgage loan financing of Morgantown Mall located in Morgantown, WV. The new loan has a term of five years ...

Tory party conference: David Cameron's speech in Birmingham in full - Daily Telegraph
Today the financial crisis means that all eyes are on the economy and the financial markets and that is absolutely right. As I said yesterday, on this issue, we must put aside our differences and work together with the government in the short-term to ...

Three candidates vie for 6th Congressional District - Herald And Journal
The seat served by Congresswoman Michele Bachmann (R-Woodbury) is up. Two candidates, Democrat Elwin (El) Tinklenberg and Independent Bob Anderson are challenging Bachmann in that race. The 6th Congressional District consists of a huge chunk of area ...

Pondering Peavy for Yunel, Gorkys, Charlie.... - Atlanta Journal Constitution
The entry titled "Pondering a Jake for Yunel, Gorkys, Charlie....," and any of the comments about it. A few thoughts while packing (again) for a trip to Arizona tomorrow to see Tommy Hanson and other Braves prospects in the Fall League, and thinking ...

Ohio among 16 battleground states - Canton Repository
WASHINGTON — The following 16 states are expected to be the most hotly contested in the nation on Tuesday. Here's a closer look at each. — Colorado (9 electoral votes) The Rocky Mountains have become the newest presidential battleground, with ...

Coming Soon: SR to Release E-mail Exchanges ... (Not so fast...) - Spokane Spokesman-Review
Update: After reviewing the messages and our options (none good), we've decided not to post the messages. Here's the situation: Of the 50 messages, a few have explicit photos embedded in the message. We can't publish those photos (one shows a toddler ...

Items pertaining to Kingfield neighborhood - Southwest Journal
PARK THEFTS: Jerry Peterson, Armatage Park director, noted that there has been an increase in thefts from cars in the parking lot at Armatage Park. Incidences have occurred mostly from 2–4 p.m. when parents are picking their kids up from school ...