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LendingTree Loans Selects IBM for Loan Fulfillment Services - Earthtimes
ARMONK, NY -- 11/21/08 -- IBM (NYSE: IBM) today announced a multi-year, exclusive contract with Tree.com, Inc.'s (NASDAQ: TREE) LendingTree Loans(SM), the company's consumer direct online mortgage lender, to provide comprehensive, private label ...

McCain rallies Florida faithful - St. Petersburg Times
Sen. John McCain, right, visits Parksdale Farms in Plant City on Thursday with his wife, Cindy, and Gov. Charlie Crist. His day started in Ormond Beach and ended in Sarasota, in a drive called the “Joe the Plumber Keep Your Wealth” tour. SARASOTA ...

Calif. Fire Crews Aided by Easing Winds - San Francisco Gate
US working on plan to help homeowners refinance 10.23.08 Family of San Mateo boy killed by runaway roofing truck files suit 10.23.08 5 dead when fishing boat sinks off Alaska; 4 saved 10.23.08 Stevens jury reports chaos; Judge urges calm 10.23.08 ...

Onex doesn't see much light ahead - Globe and Mail
Onex Corp.'s deal hunters don't see much light in the acquisition tunnel right now with financing still all but unavailable. Onex founder Gerry Schwartz said the billions thrown at the banks in the U.S. under the Troubled Asset Relief Program have ...

Freddie Asks Treasury for $13.8 Billion After Loss (Update5) - Bloomberg
Nov. 14 (Bloomberg) -- Freddie Mac , seized by the government two months ago, asked the Treasury for $13.8 billion after a record quarterly loss caused its net worth to fall below zero. The mortgage-finance company, which had a net worth of negative ...

Owner Of 5 Houston Malls May Go Bankrupt - Click2Houston.com
HOUSTON -- A company that owns five Houston area malls said Wednesday that it may have to file for bankruptcy, KPRC Local 2 reported. That concerns some folks who shop at those malls. Margo Eisenberg has lived in northwest Harris County since 1981 ...

History's Biggest Margin Call - Safe Haven
What a vicious crisis. For the week, the Dow was hammered for 5.3% (down 36.8% y-t-d) and the S&P500 6.8% (down 40.3%). Economically-sensitive issues were, again, hammered. The Morgan Stanley Cyclical index dropped 12.0% (down 50.9%). The Transports ...

Waukesha County cuts bus link funds - Milwaukee Journal Sentinel
Nov. 12, 2008 | Waukesha - Without any of the conflict that Milwaukee County is experiencing, Waukesha County Board members approved a 2009 county budget Wednesday that includes spending cuts for bus lines that carry county residents to and from the ...

October 2008 Archives - Meganmcardle.theatlantic.com
Halloween is such a happy holiday. No outsized expectations to get depressed about; just the blissful memory of too much candy. And I'm lucky enough to live near gay areas, which always do halloween right; I passed some amazingly decorated houses and ...

TELUS Reports Third Quarter Results - CNW Group
Record wireless subscriber loading Dividend increased >> VANCOUVER, Nov. 7 /CNW/ - TELUS Corporation today reported its financial results for the third quarter of 2008, including revenue of $2.4 billion, a six per cent increase from a year ago ...

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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
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