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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.
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Miner mortgage loans news:
Kill the competition: Pound plunge ... Iberian unaware ... celebrity ... - Times OnlineThe Times : Dire economic news drove the pound to 13-year lows and convinced many that the Bank of England would cut rates by up to 150 basis points. Daily Telegraph : The boss of Iberia, the Spanish airline considering merging with British Airways ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Add stock prices to the list of indicators rendered meaningless by the financial crisis. The stocks of well-capitalized companies fall in ...
Kill the competition: Deserting Tesco ... Recession official ... - Times OnlineThe Times : Tesco's customers are defecting to its supermarket rivals Asda and Morrison at record rates, suggesting its discount-focused marketing backfired. New York Times : The National Bureau of Economic Research officially declared the US went ...
'Black Friday' won't stave off black days ahead: Analysts - Ottawa SunWASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...
U.K. Stocks Retreat, Led by Mining Companies; Rio, BHP Drop - BloombergDec. 1 (Bloomberg) -- U.K. stocks dropped by the most in almost a month, led by declines in mining and energy companies on fears the global recession is deepening, hurting demand for commodity prices. Rio Tinto Group and BHP Billiton Ltd. lost more ...
Nikkei Falls 6.4% After Bruising U.S. Session - Wall Street JournalSINGAPORE -- Asian markets fell broadly Tuesday in response to a 7.7% overnight drop in U.S. stocks, as economic worries returned to the fore for investors. Reuters A man wipes his eyes after watching a stock-index board outside of a brokerage in ...
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