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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
Wayne mortgage quotes news:
Financial News
Stock & fund quotes - ninemsn
The major banks have moved to drop their interest rates passing on some, but not all, of the Reserve Bank's rate cut to consumers. On Tuesday afternoon, the Reserve Bank of Australia (RBA) lowered official rates by a full one percent, more than ...

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 ...

The advice is to flee ... just flee - The Age
One fund manager has even taken to quoting the Bible: "and men's hearts shall fail them". T REMORS from the financial earthquake that has sent some of the towering giants of capital crashing to their graves will shake Australia as end-of-quarter ...

Undernews: Rezko Alert - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

Next Stunt, Please! - Slate
And do you maybe have some change in your pocket? ... I hear jingling! I just made a deposit at my bank. For the first time ever, the teller asked me if I maybe also wanted to pay down some of the (relatively small) balance in my check-protection ...

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 ...

Why Ayers Matters (Guest Voice) - The Moderate Voice
To listen to the Obama spin-masters you’d think that the McCain campaign’s questioning of their candidate’s association with unrepentant terrorist bomber Bill Ayers is a smear tactic falsely elevating a casual relationship between the two men ...

McCain, Obama clash over causes, cures of crisis | POLL - Evansville Courier-Press
See the results without voting » . NASHVILLE, Tenn. — Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping ...

Palin Fields Questions on Plane - ABC News Blogs
ABC News' Imtiyaz Delawala reports: For the first time in a month on the campaign trail, Republican vice presidential nominee Sarah Palin took questions from her full traveling press corps, covering topics ranging from her continued connection of Sen ...

Not "The Senator," But "That One" - Nation
The proper, respectful and appropriate description for an foe in a debate between two senators is "the senator" or -- if there is a desire to get flowery -- "my distinguished colleague." But Arizona Senator John McCain, who after a quarter century on ...

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