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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
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Fitch Withdraws First Horizon's Resi Servicer Ratings - ForbesFitch Ratings has withdrawn the following ratings on First Horizon Home Loans, a division of First Tennessee Bank, National Association (First Horizon) U.S. residential servicer ratings: --Primary servicer rating for prime product withdrawn at 'RPS2 ...
Rangel paid no mortgage interest on beach house - Miami HeraldWASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman says. The New York congressman's lawyer, Lanny Davis, tells The Associated Press that Rangel ...
IBERIABANK Corporation to Announce Third Quarter Results - ForbesLAFAYETTE, La., Sept. 5 /PRNewswire-FirstCall/ -- IBERIABANK Corporation (Nasdaq: IBKC), the parent holding company of IBERIABANK (http://www.iberiabank.com) and Pulaski Bank and Trust Company (http://www.pulaskibank.com), announced today that it ...
First Horizon CEO ready for upturn - Memphis Commercial AppealFor much of the past two years, the leaders of Memphis-based First Horizon National Corp. have been talking about their problems. Mounting losses in the mortgage business, bad loans to contractors and individuals building big homes, growing expenses ...
Give Carmakers a Little Respect -- and a Loan - Washington PostBrowse over 20,000 used car listings. It's too bad that General Motors is little more than an American manufacturing company providing American jobs. It gets no respect from the U.S. government. The same can be said of Ford and Chrysler , beggars all ...
Mercantile Bancorp Completes HNB Bank and Perry State Bank ... - MSN MoneyCentralMercantile Bancorp, Inc. (AMEX: MBR) announced today it has received regulatory approval to combine its two issouri-chartered banks, Perry State Bank, with HNB National Bank, a wholly owned subsidiary of HNB Financial Services, Inc., all entities ...
ARAB BUSINESS SEARCH - Nashra USAType [All Categories] Accounting Advertising Agency Air Cargo And Package Air Conditioning Air Lines Alarm Systems Appraisals Arab Airlines Attorneys Automobiles Bakeries Banks Beauty Salons Book Stores Bridal Broadcasting / Video / Audio Butchers ...
Adviser charts a biblical road to financial salvation - St. Petersburg TimesIn 11 months, Daniel and Sara LaFave paid down $12,000 worth of debt. The Clearwater couple cut out nonessentials such as eating out, $65 haircuts and impulsive purchases. They stuck to a budget — even for birthday party gifts — and sought free ...
For every action, there's a ridiculous overreaction - CBS SportslineANN ARBOR, Mich. -- The culture shock is over, replaced by just plain shock. This is how it's going to be at Michigan for the foreseeable future. Think of the Wolverines right now as pimply-faced teenagers trying to sneak into a strip club. Or pimply ...
Public Notices - Columbia StarMark Conklin, 14 Crowson St, Sumter, SC 29150. Carolina Title Loans, 7118 Two Notch Rd, Cola, SC 29223. Accrued Charges: $2610.00 The owner /lienholder may reclaim vehicle or within fifteen (15) days of this notice by paying to the custodian of the ...
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