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The racing is over for the season but F1's off-track action is hotting ... - Daily TelegraphThe racing is over for the season but F1's off-track action is hotting up The dust has now settled on the titanic tussle earlier this month which crowned Britain’s Lewis Hamilton Formula One’s youngest-ever world champion by one point over ...
Bumpy ride almost over at Landry's? - Houston ChronicleInAugust 2007, Landry’s Restaurants opened the Boardwalk Bullet, a wooden roller coaster in Kemah. Investors have been getting wounded ever since. The new ride served as an omen to Landry’s investors, coming the same month that Landry’s settled ...
Xstrata drops £5.6bn Lonmin bid but raises stake to block rivals - The IndependentBrown to attend EU credit crunch summit UK house prices suffer record fall US Senate passes new bail-out plan FTSE rises as US bailout plan vote soothes nerves Northern Rock withdraws savings products Bank set to cut interest rates to prevent slump ...
FTSE falls sharply as earnings worries grow - Financial TimesMan Group , the hedge fund manager, dropped to a three-year low as the market surrendered the hard-won gains of the past two sessions. Shares in Man dropped 1.7 per cent to 248p after Morgan Stanley cut its target price to 260p because of concerns ...
Obama's plan to change the economy - SalonIn the past quarter-century, there has probably never been a better time for a presidential candidate to charge into downtown Manhattan and make a speech arguing for more regulation of the financial industry. The moral authority of market ...
Credit Crunch Video Gallery - CNBCCredit Crunch Hits Gulf Reg... Grey clouds are gathering over the Gulf region as oil and stock markets tumble, taking house prices with them. Mohammed ... G20 Leaders Agree Economic ... G20 world leaders agreed broad plans for more government ...
Credit crisis adds to Canada's forestry woes - Vancouver SunVANCOUVER - Canada's capital-intensive forest sector is facing a fresh blow, this time delivered by tightening credit markets, says an RBC Capital Markets report released Tuesday. Lumber markets are depressed, pulp markets are in a steep decline and ...
Lowry: Here we go again with the exaggerated demise of Anglo-Saxon ... - Salt Lake TribuneThe gloating didn't last long. A few weeks ago, German Finance Minister Peer Steinbrueck proclaimed that ''Anglo-Saxon capitalism'' is ''finished.'' Steinbrueck stuck it to the hated Anglo-Saxon capitalists just in time - before he got too distracted ...
Church on auction block - Cincinnati.comIt might take a miracle to save a Hamilton Township church from the auction block. The mortgage holder for Crosspointe Community Church has called in its loan. Now, the multi-purpose building and 26 acres on Cozaddale-Murdock Road in Warren County is ...
Bush Stands By Petraeus; New Showdowns With Hill Loom - US News and World ReportIn remarks at the White House yesterday morning, President Bush said he would give Gen. David Petraeus "all the time he needs" in Iraq before proceeding with further reductions in US troop levels. Bush also said, as the CBS Evening News reported ...
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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