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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

Morgan mortgage quotes news:

HK shares erase early gains as local developers weigh - CNBC
By Jun Ebias HONG KONG, Dec 4 (Reuters) - Hong Kong shares fell 0.6 percent on Thursday, wiping out a 2 pecent gain earlier in the day, as investors dumped local developers after lenders such as HSBC raised their Hong Kong mortgage rates. But Chinese ...

Stock & fund quotes - ninemsn
NEW YORK, Nov 28 (Reuters) - U.S stocks rose on Friday on light volume in an abbreviated session, capping the best week for the S&P 500 since at least 1980, as investors hoped government and central bank moves unveiled this week would boost the ...

Open-and-Shut Case for Closed-End Bond Funds - Barron's Online
SOMETIMES, IT'S SAID the best place to find oil is on the New York Stock Exchange. Rather than explore and drill wells, oil companies can find proven reserves represented by the shares of their rivals traded on the Big Board. Some savvy bond ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. It is amazing what a trust fund can do. Two weeks ago, Wachovia couldn’t get arrested. It was scorned by analysts, a pain to investors and ...

Hong Kong shares end lower on worries over US automakers, global ... - Forbes
HONG KONG (XFN-ASIA) - Share prices closed weaker amid renewed fears that two of the three US automakers face bankruptcy, which could hurt the rest of the global economy. Dealers said Dow Jones index futures were pointing to a lower open tonight amid ...

US corporate debt market shows signs of life - Forbes
NEW YORK, Dec 3 (Reuters) - A flurry of small debt sales by U.S. non-financial companies has emerged in the past two days, raising hopes that the bond market is returning to life. The past week has seen few issues outside of the financial sector ...

Stocks fall sharply on consumer spending worries - Globe Gazette
NEW YORK (AP) — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's ...

Hip-Hop Rumors: T.I. Gets Saved! Yung Berg Reality Show! - allhiphop.com
I am going to start the rumors off with the “Signs The World Is Coming To An End” and the “Epic Fail of the Day.” They both pertain to stupid Thankstaking Day and deaths surrounding the mayhem. Did you know that 90% of the Native Americans ...

November 2008 - Weblogs.baltimoresun.com
In an analysis of TV journalism on Wednesday night, I wrote that a red-ball event like the terrorist attacks in Mumbai often provided a great look into a news oganization. But in expressing my dismay at the way MSNBC couldn't let go of the comedic ...

EDITOR'S PICK - Marketwatch
Dollar's rapid appreciation has dark side as well as benefits Worst job losses since March 2003 predicted Investors hope the 'worst October' signals the worst is past Sony, CPSC: Computer makers recall 100,000 laptop-battery packs VeraSun files for ...