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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
Frederick home equity loans news:
Financial News
Sandy Spring Bancorp Reports Second Quarter Results - MSN MoneyCentral
OLNEY, Md. , July 24 /PRNewswire-FirstCall/ -- Sandy Spring Bancorp, Inc., SASR the parent company of Sandy Spring Bank , today announced net income for the second quarter of 2008 of $5.7 million ( $.34 per diluted share) compared to $8.2 million ...

Washington Mutual, Inc. Q2 2008 Earnings Call Transcript - Seekingalpha.com
Welcome to WaMu’s second quarter 2008 earnings conference call. (Operator Instructions) I will now turn the call over to Alan Magleby, Senior Vice President of Investor Relations, to introduce today’s call. I would like to welcome you to WaMu’s ...

July 2008 - Posts - MSNBC Firstread
*** The turning point? So was this week a turning point in the presidential race? The Obama campaign certainly believes it was, and that this will be the moment that Obama grabs the lead for good. If McCain never catches up at this point, his ...

Bill's Parliament blog - Cambridge News
Gloomy Gordon Brown may today have been happy that he didn't have to face the increasingly confident Boy Dave Cameron at Prime Minster's Questions. But tomorrow he will face a much more dangerous test of his future - when the voters of Glasgow East ...

Corrections and clarifications - Milwaukee Journal Sentinel
An item Sunday in the R.S.V.P. column in the Cue section misidentified Bert Davis. He is the director of the Zoological Society of Milwaukee, not the director of the Milwaukee County Zoo. An article June 29 about works of public art in Waukesha ...

Andrew Sullivan, unreliable narrator. - Slate
I'm stunned by Deborah Orin-Eilbeck's death . I didn't know she was fighting cancer. She sent me an email only a couple of months ago cheerfully and sensibly disputing something I'd written arguing that Gov. Vilsack's candidacy would let Hillary skip ...

BUBBLE: TOIL & . . . - New York Post
Having trouble making your mortgage payment, selling your home or finding enough equity in your house to help fund needed repairs? Well don't take out all your frustrations on Angelo Mozilo, the CEO of Countrywide Financial, the country's No. 1 ...

Boxer: Guilty of Mommyism!  - Slate
The Cafe Milano Candidate: Would he make a good pick for the VP slot? Bill Richardson skirts the issue . ... 1:33 A.M. Big problem for pollsters: The rapid growth of cell-phone-only households . ... It's less clear that, if polls are increasingly ...

Republican rivals turn to the economy - International Herald Tribune
Altho Mormon, I did not jump on Romney’s side automatically. Our church reminds us….over the pulpit……of political neutrality on a regular basis. And, I was quite open to listening to Brownback and Huckabee’s positions as they were the ones ...

After a trouncing, Clinton holds course - International Herald Tribune
Altho Mormon, I did not jump on Romney’s side automatically. Our church reminds us….over the pulpit……of political neutrality on a regular basis. And, I was quite open to listening to Brownback and Huckabee’s positions as they were the ones ...

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sources: informars.com, erate.com, Freddie Mac
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