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.

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Taylor mortgage quotes news:

September August July June May April March February January 2007 - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

September 2005 - MSNBC
You've got to give Pat credit for consistency. He tells the battered Bush, the indicted DeLay, and the investigated Frist to save themselves by launching a culture war. It's the same advice Pat gave the first President Bush after he lost a primary ...

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How about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...

Wild Card -- Tuesday PM - Spokane Spokesman-Review
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Today's most viewed articles - Portsmouth Herald
I want to personally thank the communities of Hampton, Seabrook, North Hampton, and Hampton Falls for their continued support of WHS. As voting day on March 11 approaches I am asking for your support of our budget for the school year 2008-09. Parents ...

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American Idol Buzz - AccessAtlanta
All the entries posted in April. Jason Castro deserved to go tonight. Heck, he probably wanted to go home, take a little break before the tour and chill! But as recent weeks have indicated, the most obvious person hasn’t been going home. Instead ...

Moxey’s plea to stick by youngsters - Westmidlands.com
Chief executive Jez Moxey today urged Wolves fans to keep faith with the “special group of young players” assembled by manager Mick McCarthy. Wolves tonight bid to grab their lifeline to the play-offs with a must-win home clash against Cardiff ...