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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
Delaware home equity loans news:
Financial News
Icahn Sues Leon Black’s Realogy Over Debt Exchange (Update2) - Bloomberg
Dec. 2 (Bloomberg) -- Billionaire investor Carl Icahn sued Leon Black ’s Realogy Corp., over claims the company’s planned $1.1 billion debt exchange is a fraudulent transfer of money that will only delay its inevitable failure. Icahn’s High ...

Icahn sues real estate company over debt - International Herald Tribune
Carl Icahn, the onetime corporate raider, is taking a fellow billionaire to court over a leveraged buyout gone bad. Icahn's investment firm, High River Limited Partnership, filed a lawsuit last Wednesday against a real estate company controlled by ...

Plan could curb predatory lending - Delaware Online
It makes no sense at all for the government to protect or increase the availability of credit card loans while allowing credit card issuers to continue to use unfair and deceptive practices," says Travis Plunkett, legislative director at the Consumer ...

BCE $42 Billion Takeover May Collapse After Solvency Report; Shares ... - Bloomberg
Nov. 26 (Bloomberg) -- BCE Inc. , the Canadian phone carrier going private in a leveraged buyout, signaled the C$52 billion ($42 billion) takeover may unravel because the debt load might force the company into insolvency. The stock fell as much as 40 ...

SE Financial Corp. Announces Fourth Quarter and 2008 Year End Results ... - Marketwatch
PHILADELPHIA, Dec 01, 2008 (BUSINESS WIRE) -- SE Financial Corp. (trading symbol:SEFL) (the "Company"), the holding company for St. Edmond's Federal Savings Bank, announced net income of $212.7 thousand for the three months ended October 31, 2008 as ...

Beazer Homes Reports Q4 and Full Year Fiscal 2008 Results - Marketwatch
-- Reported net loss from continuing operations of $(475.2) million, or $(12.32) per share, including non-cash pre-tax charges related to inventory impairments and abandonment of land option contracts of $58.8 million, impairments in joint ventures ...

Developer caught in banks’ line of credit squeeze - Boston Business Journal
Roy S. MacDowell Jr., a wealthy real estate developer linked to major projects throughout the country, is getting a firsthand look at how ugly the credit crunch has become. Lenders, including two major banks and construction magnate John F. Fish, are ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Goldman’s 94 new partner-level managing directors: The past six months haven’t given Wall Street much to celebrate. These 94 , though, got ...

Financial Crisis Answer Center - Smart Money
ANSWER: The short and sweet answer is: Don't wait. When investing — and starting a 529 savings plan is precisely that — it's always best to buy low. "Waiting for the market to rebound is the equivalent to waiting for the price of a gallon of milk ...

56 days to Inauguration -- The president-elect speaks at noon Eastern ... - Politico.com
Good Tuesday morning. A little bird asks us to tell you that the president-elect tomorrow (Thanksgiving getaway day) will hold his THIRD NEWS CONFERENCE ON THE ECONOMY IN THREE DAYS. BREAKING, from release: “Senate Majority Leader Harry Reid today ...

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