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Fortress, an investment firm under siege - International Herald TribuneNEW YORK : When Wesley Edens and his partners founded their investment firm a decade ago, they chose a name that evoked unshakable bastions: Fortress. But now their stronghold is under siege, and some of its investors are running for cover. Cracks ...
Fortress, the Hedge Fund, Is Crumbling - The LedgerWhen Wesley R. Edens and his partners founded their investment firm a decade ago, they chose a name that evoked unshakeable bastions: Fortress. But now their stronghold is under siege — and some of its investors are running for cover. Cracks are ...
Treasury Yields Drop to Record Lows as Bernanke Cites Buybacks - BloombergDec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. Bonds rallied for a ...
Janesville native gives best effort in war on foreclosures - Milwaukee Journal SentinelWashington - When Steve Preston took over as secretary of the Department of Housing and Urban Development this summer, he inherited an agency tainted with scandal at a time of intense turmoil in the housing market. The Janesville native had no ...
Michael Jackson saves Neverland - femalefirst.co.ukMichael Jackson has managed to save his Neverland ranch from being auctioned. The 'Thriller' singer - whose 2,800 acre Californian estate was due to go under the hammer on March 19 unless he could raise a staggering $24.5 million - worked out a deal ...
Update: Fate of Michael Jackson's Neverland Ranch Still In Doubt! - Entertainment Tonight OnlineOn this episode of "As the Merry-Go-Round Turns" ... The auction date for MICHAEL JACKSON 's Neverland Ranch has been postponed from March 19 until May 14, by "mutual agreement" between the King of Pop and his creditors, a rep from the firm that ...
Jackson County residents seeing more foreclosures - OregonianBob Pennell, Medford Mail Tribune Kathleen Jones' farm in the Applegate Valley is scheduled to go into foreclosure in December. pennell photo Jackson County has the second-highest foreclosure rate of any Oregon county, this morning's Medford Mail ...
Authorities Tell Volunteer Searchers to Halt Efforts to Find Missing ... - FOX NewsHATFIELD, Wis. — Jackson County authorities told scores of volunteer searchers to discontinue their efforts while law enforcement investigates last weekend's disappearance of a 27-year-old woman. Police tape went up around the Hatfield home where ...
Earnings roundup: General Growth, Radian - CNBCCHICAGO (AP) — Shares of troubled mall owner General Growth Properties Inc. plunged Wednesday after the company reported disappointing third-quarter results, cut its year-end forecast and said it needs to refinance $900 million in debt by the start ...
SHARC to take bite out mortgage foreclosures - KAREHe's been working for years to pay off his mortgage. 46-year-old Jim Jackson of Minneapolis wanted to eventually leave his home to his four children. But last year, an illness in the family forced him to refinance. He says, "We needed to take a loan ...

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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.
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