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Select a Region or Country: - Jaunted.com
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Solicitors switch focus in changing property sector - Belfast Telegraph
The changing face of the construction and property sector has led solicitors A&L Goodbody to switch the focus of its work with clients in recent months. Patricia Johnston, partner with A&L Goodbody's commercial property department in Belfast, said ...

Wanted: food stamp applicants - Raleigh News & Observer
908,025 - Number of North Carolinians receiving food stamp benefits in September 452,627 - Number of North Carolinians the government estimates qualify for food stamps and don't get them SMITHFIELD - At 79, Earl Rudd is worn out and nearly broke ...

Economic Downturn Impacts Home Improvement - KFSN
Fresno, CA, USA (KFSN) -- An uncertain economy could lead to uncertain sales at this weekend's home improvement show. The event kicks off today at the Fresno Fairgrounds and homeowners are looking, but not necessarily buying. "There are things I ...

US foreclosure filings up 71 percent in 3Q - Salon
Oct 23rd, 2008 | WASHINGTON -- The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly ...

Thomson Financial News - Forbes
Shares in GKN shed 3.6 percent as Goldman Sachs cuts its rating to 'neutral' from 'buy' in a cautious review of the European automotive sector. Goldman Sachs says while GKN shares currently look inexpensive on mid-cycle multiples, based on its below ...

ROI Capital completes $118 million in new loans - CNW Group
TORONTO, Sept. 22 /CNW/ - ROI Capital Ltd. (ROI) is pleased to announce the recent closing of seventeen new private placement loans along with seven follow-on loans to existing ROI portfolio companies. With the completion of these loans, ROI has ...

Ottawa bows to banks to keep credit flowing - Globe and Mail
Silver Standard (Robert Menard Rules:)) from Canada writes: Well here we go guys, get your money out of paper. We are going to go down with the USA. We really don't need to do this, its criminal what they are going to do with or savings. All the ...

Should politics be preached from a pulpit? - Boston Globe
The Alliance Defense Fund , a conservative Christian legal advocacy organization, is causing a bit of a stir with its call for clergy this Sunday to speak out about candidates for public office, in defiance of IRS regulations limiting political ...

Bailout Plan Before The House - WNYC
Lawmakers spent most of the weekend finalizing the details of the emergency bailout plan. The compromised proposal is now before the House, and looks to face a tough road to approval. Diane Brady , senior editor at Business Week , discusses the ...

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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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