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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
Fall River mortgage quotes news:
Financial News
Market crash - what it means for you - News.com.au
Market meltdown ... NEWS.com.au finds out how the financial crisis affects your money, super and job / file Market meltdown ... Is your job safe? What about the money in your bank account? news.com.au finds out how you're affected by the growing ...

No bank bailouts: Flaherty - Globe and Mail
Canadian financial services industry is solid and solvent, says the finance minister, while admitting that credit is tight ... Read the full article Conservatives Lie from Canada writes: No one believes Mr. Flaherty, Mr. Harper and the Conservatives ...

To: news@ctv.ca - Globe and Mail
Your behaviour surrounding the interview with Mr. Dion has been disgraceful. Your interviewer asked a total botch of a question, and when asked to clear it up merely repeated it. Your guest showed enough respect to try to find out what the ...

Labor warns McCain about crowds - Boston Globe
The head of the nation's biggest labor federation is joining the chorus of voices warning about the increasingly angry crowds coming to John McCain's campaign events. At rallies this week , McCain's criticisms of Democrat Barack Obama have been met ...

Letters to the Editor: Oct. 12 - Record Searchlight
This proposition does not seek to "protect marriage" but to "define marriage." Is it possible that you do not see the long-range ramifications this will have on many of our institutions if it does not pass? California has very strict anti ...

Palin may have left Alaska, but she's not giving up her moose roots - Los Angeles Times Blogs
John McCain and Sarah Palin began their post-convention tour of battleground states today in the small Wisconsin town of Cedarburg. But although Palin's biggest task in the coming months will be trying win over the lower 48, she's not about to ...

Post-debate polling favors Obama - Tulsa World
NASHVILLE, Tenn. — John McCain dismissively called rival Barack Obama "that one," Obama mocked McCain's "Straight Talk Express," and both left the debate stage to return to the campaign trail Wednesday. CNN's national poll of debate watchers found ...

Biden Calls Palin's Comments ‘Mildly Dangerous’ - ABC News Blogs
Sen. Joe Biden, D-Del., today began criticizing the GOP ticket for the tone they're setting by attacking the character of Sen. Barack Obama, D-Ill. At rallies this week where Sen. John McCain, R-Ariz., and Alaska Gov. Sarah Palin made sinister ...

October September August July June May April March February January ... - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

Who Won Tuesday’s Presidential Debate? - Wall Street Journal
John McCain called for a $300 billion program to help financially troubled homeowners stay in their homes during the second presidential debate. He used the nationally televised Town Hall-style encounter with Barack Obama to unveil the government ...

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