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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
Josephine mortgage rates news:
Financial News
Rangel had no-interest mortgage more than 10 years - FOX News
The New York congressman's lawyer, Lanny Davis, told The Associated Press that Rangel got his no-interest deal for the villa in the Dominican Republic because he was an original buyer in the resort development, and in the early days after Rangel's ...

Munich Re May See Higher Rates, Profits in Wake of 2008 Storms - Bloomberg
Sept. 5 (Bloomberg) -- The worst hurricane season in three years improves the odds that Munich Re and Swiss Reinsurance Co. , the biggest reinsurers, can raise rates and profit next year. Hurricane Katrina, which devastated New Orleans and socked ...

Coming Soon: SR to Release E-mail Exchanges ... (Not so fast...) - Spokane Spokesman-Review
Of the 50 messages, a few have explicit photos embedded in the message. We can't publish those photos (one shows a toddler's penis). We also have a strong ethical policy against blurring or otherwise manipulating photos. Some of the messages are ...

INDUSTRY NEWS & PEOPLE April 2008 - Business Travel Executive
Dallas / Fort Worth BTA has recognized Carol Devine, who is retiring and relocating to Kansas City, for her many years in the travel industry and as an active member of DFWBTA for 15 years. Devine served as DFWBTA president for four years, as well as ...

Records 121 - 150 of 204 - San Francisco Gate
(07-15) 14:26 PDT Fayetteville, N.C. (AP) -- It's a scene that's become all too familiar in North Carolina's military communities. For the third time in seven months, a young woman serving her nation... (07-15) 14:23 PDT WASHINGTON, (AP) -- Sens ...

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