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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
Blanco mortgage rates news:
Financial News
Archive » 2004 » January - Banker
I have been following the debate about Basel II in The Banker with interest. To use an insurance analogy, moving from a flat-rate method of assessing motor premiums to one in which premiums depend on the driver’s accident history inevitably ...

Campaign 2008 - Rocky Mountain News Blogs
OK, Obama, you've won the election. You're not electioneering anymore. You can freely admit that Joe Biden is the Antichange. It's like pulling off a Band-Aid to lighten up on the rhetoric and just reveal the real you, good or bad, instead of the ...

Banks exploit legal loophole to seize homes - Times Online
Banks and credit card companies are exploiting obscure legal powers to seize the homes of thousands of people who cannot pay their credit card bills. In some cases, people owing as little as £1,000 have been served with charging orders – the legal ...

Peavy waits, Beckett wins, Joba detoxes - Atlanta Journal Constitution
The entry titled "Peavy waits, Beckett wins, Joba detoxes," and any of the comments about it. No doubt, TBS had a bad Saturday with its nightmare technical glitch that caused us to miss most of the first inning of ALCS Game 6. And yes, we at AJC.com ...

Pondering Peavy for Yunel, Gorkys, Charlie.... - Atlanta Journal Constitution
The entry titled "Pondering a Jake for Yunel, Gorkys, Charlie....," and any of the comments about it. A few thoughts while packing (again) for a trip to Arizona tomorrow to see Tommy Hanson and other Braves prospects in the Fall League, and thinking ...

Gov. Bobby Jindal's star rising after Republican losses - New Orleans Times-Picayune
The Associated Press Louisiana Gov. Bobby Jindal, left, meets with Former Speaker of the House and Republican political architect Newt Gingrich last month in Baton Rouge. Jindal's star stands to rise in the GOP as the party searches for new ...

A growing problem - Baton Rouge Business Report
When Gov.-elect Bobby Jindal takes office early next year, one of the most significant financial issues he’ll face is something most people have never even heard of, much less given any thought to. It’s a massive and growing hole in the budget ...

INDUSTRY NEWS & PEOPLE January 2008 - Business Travel Executive
The Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...

INDUSTRY NEWS & PEOPLE July 2007 - Business Travel Executive
The Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...

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