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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

Fond Du Lac home equity loans news:

Update: Kagen opposes automakers' bailout; others from state open to ... - Green Bay Press-Gazette
Senate proposals to rescue the carmakers appear stalled because key Republicans oppose using more taxpayer money to rescue companies they consider badly managed. Congress approved $25 billion in federally subsidized loans through the Energy ...

Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal Sentinel
Nov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...

Miller Electric to eliminate 95 jobs - Milwaukee Journal Sentinel
Nov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...

Layoffs forcing many to seek new skills - Green Bay Press-Gazette
Troy Zingler of Green Bay has spent about six months looking for a job in the paper industry following a layoff. He doesn't hesitate when talking about his desire to work. "I would leave here right now and start (working) if I could," he said, while ...

House approves revised bailout bill - Biz Times
The U.S. House of Representatives voted today to approve a new version of the Emergency Economic Stabilization Act, and the bill now awaits the signature of President George W. Bush, who has pledged to sign it. The bill was approved today in the ...

Classes canceled at New Berlin Eisenhower - Milwaukee Journal Sentinel
Nov. 13, 2008 | Friday classes at New Berlin Eisenhower Middle and High School were cancelled after a threat was found etched in a boys' restroom. According to a statement on the New Berlin School District Web site, school authorities discovered the ...

Milwaukee shut out of top legislative leadership - Milwaukee Journal Sentinel
Sen. Jeff Plale (D-South Milwaukee) said legislators from other regions of the state were often skeptical of giving too much to the city. "As long as I've been around, there's always been this outstate-vs.-Milwaukee kind of battle, and it's ...