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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
Monroe mortgage quotes news:
Financial News
Campaigns target each other's advisers - Salon
Sep 19th, 2008 | WASHINGTON -- John McCain and Barack Obama are targeting each other's economic advisers in a new pair of dueling campaign ads. Republican McCain released a new spot Thursday that quotes The Washington Post as saying Democrat Obama ...

Between the Lines - ZDNet Blogs
Get BTL via: The Washington Post was founded in 1877, employs more than 700 in its editorial department and serves 8.4 million visitors to its Web site each month. The Huffington Post was founded in 2005, employs 60 people all told and gets 3.6 ...

Giants Are All Talk, No Action - San Francisco Gate
So there goes Andruw Jones. To the Dodgers. Miguel Cabrera? Gone? Alex Rodriguez? Ha Ha Ha Ha Ha! The Giants need a bat, a big bat. But these linup-fixers are slowly, surely going to other bat racks. Andruw Jones at $18 million a year? OK, maybe the ...

Something in the water - Spokane Spokesman-Review
The news that parts of north Spokane are under a boil order due to drinking water contamination came to us late last night, and so we only had time to put together a brief for today's paper. But fret not, we're on the story in force today - one ...

On Fannie Mae and Freddie Mac, Bob Barr doesn't hold back - Los Angeles Times Blogs
Perhaps an issue has fallen into the lap of Bob Barr that will give his little-noticed presidential campaign some traction -- especially among libertarian-minded Ron Paul backers who have not exactly flocked to Barr's banner. The issue would be the ...

Tina Fey's depiction of Sarah Palin - The Superficial
#13, Racer X, yeah she's a dumbass alright. 'Cause when an actor says something while they are acting like someone else then that means the same thing. It's as if the real person really said it. I bet you think The Daily Show with Jon Stewart is a ...

Today in the Sky • - USA Today Blogs
• The Senate is scheduled to vote on the $700 billion bailout/rescue/ransom/guarantee rejected by the House. But as noted below, the Senate package will include a tax cut the House already voted down. • Long list of economic reports to throw ...

Gibson in a split decision over Palin - Weblogs.baltimoresun.com
ABC anchorman Charles Gibson came across as a stern, no-nonsense senior professor putting a graduate student through a tough exam in the first part of his interview with Alaska Gov. Sarah Palin. It was round one of a three-part interview that will ...

Conservative commentary: A servant’s heart - Steamboat Pilot & Today
Steamboat Springs — When Sarah Palin made her stunning debut onto the American political stage last month, liberals around the country choked on their morning soy lattes and bagels with organic cream cheese. Meanwhile, as the left was trying to ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article beginning on the front page of Wednesday's paper incorrectly stated that former Milwaukee Ald. Tom Nardelli joined the staff of Milwaukee County Executive Scott Walker in 2007 - a few weeks after leaving the Common Council. Nardelli was ...

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