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Terremark Brings Dynamic Capacity Management to The Enterprise Cloud ... - MSN MoneyCentralMIAMI, Jan. 7, 2009 (GLOBE NEWSWIRE) -- Terremark Worldwide, Inc. (Nasdaq:TMRK), a leading global provider of managed IT infrastructure services, today announced the latest upgrade to its Enterprise Cloud computing platform. The new features include ...
U.S. construction spending falls less than expected - Globe and MailWASHINGTON — Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. The outlook, however, is for significant weakness as the worst recession in at ...
Jumbo mortgage loan rates put damper on refinancing - Boston GlobeWhile plunging mortgage rates have spawned a frenzy of refinancing, borrowers with larger, so-called jumbo loans are still seeing interest rates in the 7 percent range, prompting many to abandon refinancing plans altogether or resort to creative ...
Paul J. Norris Named Director of Nalco Holding Company - MSN MoneyCentralNAPERVILLE, Ill., Jan. 6, 2009 (GLOBE NEWSWIRE) -- Nalco Company (NYSE:NLC), the global leader in water, energy, air and process technologies and services that deliver savings for customers and improve the environment, announced today that Paul J ...
How the Middle East crisis affects oil prices - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. Is the recent jump in oil prices directly related ...
Mergers Dwindle as Companies Sit on Cash - Wall Street JournalCompanies, it turns out, are no different than people. When the economy is in the dumps, they get scared. Nowhere has this been more apparent than in the business of corporate mergers and acquisitions. In the last quarter of the year, M&A activity ...
M&A Went MIA and May Stay That Way - Wall Street JournalSee the complete Year-End Review . Nowhere has this been more apparent than in the business of corporate mergers and acquisitions. In the last quarter of the year, M&A activity all but screeched to a halt. Fourth-quarter deal volume dropped 53% from ...
Falling gas prices good for drivers, bad for economy - ksl.comFrom what I've read, the demand for fuel has dropped anywhere between 2 and 4 percent since its record highs. But gas prices have dropped by over 67% in the same time span. I'm not buying the supply-and-demand BS -- it didn't make sense before, and ...
The World Newser - ABC News BlogsGeorge Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...
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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