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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Hopkins home equity loans news:

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Bailout retooled to boost lending - Boston Globe
Treasury Secretary Henry Paulson yesterday backed away from the original strategy behind the $700 billion US plan for propping up the limping economy, opening the door to pump government cash into credit card companies, auto financing firms, and ...

Anxiety rises as the era of easy credit comes to an abrupt end - USA Today
That's been marked by the shuddering collapse of investment bank Lehman Bros., the sale of Merrill Lynch to Bank of America, the federal government's $30 billion loan to foster the sale of investment bank Bear Stearns, its $200 billion injection to ...

Losses Mount, Fears Overwhelm, and a Life-Ending Decision Is Made - CNBC
Walter Buczynski was a top executive at a Maryland mortgage lender before he killed his wife and jumped off a bridge last January. K. Upender was a distraught stock speculator in India who suffered steep losses in the Indian stock market this fall ...

HOUSING: While one market recovers, another struggles, analysts say - North County Times
As lower-end housing markets such as parts of Oceanside and Escondido have started to show signs of recovery, cracks have begun to emerge in previously stable real estate markets, such as Encinitas and Carlsbad, according to sales records. Real ...

HOUSING: Government programs fail to stem foreclosures - North County Times
Ambitious efforts aimed at helping thousands of homeowners avoid foreclosure over the last year by the federal and state governments have resulted in little or no effect on local homeowners, brokers said Wednesday. In September 2007, the Federal ...

The Education Department’s Activist Agenda - Inside Higher Ed
During a news conference Wednesday, Spellings listed a “litany” of steps her department had taken in recent months on a range of regulatory and policy fronts — “scratching lots of itches,” as Spellings put it in her down-home manner of ...

Erie County Real Estate Transactions - Buffalo News
• 1790 Countyline Road, Kathleen Petschke; Dennis E. Petschke to Jennifer A. Wetzler; Darren M. Wetzler, $187,000. • 11716 Boncliff Drive, Arthur W. Wolski to Joseph M. Grimaldi; Jill M. Babinski, $146,000. • 2183 Townline Road, Sharon Schmidt ...

Meltdown drives some to suicide - Independent Record
Walter Buczynski was a top executive at a Maryland mortgage lender before he killed his wife and jumped off a bridge in January. K. Upender was a distraught stock speculator in India who suffered steep losses in the Indian stock market this fall ...

Is Your Husband a Worse Problem Than Larry Summers? - Inside Higher Ed
In my recent article, “Homeward Bound” ( The American Prospect, December 2005), I propose that the low representation of women at the highest level of the American government and economy is due in substantial measure to a steady stream of ...