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House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Cleveland State defeats Toledo 77-56 - FOX NewsThe Vikings (3-2), who had struggled offensively the first four games, shot a season-high .545 from the field (30 of 55) in the second round of the O'Reilly Auto Parts CBE Classic. Moore didn't miss all night, hitting eight field goals _ including a ...
Toledo defeats West Georgia 77-62 - FOX NewsMIAMI — Ridley Johnson scored 17 points to help Toledo defeat Division II West Georgia 77-62 on Wednesday and post its first win of the season. The Rockets (1-4) outrebounded the Wolves 47-26 in the O'Reilly Auto Parts CBE Classic, giving first ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
FHA loans come to rescue of home buyers - Delaware OnlineThe Magnolia resident was drowning in bills and wanted to refinance, but with home prices declining, her consolidated debt totaled almost as much as her home was worth. But the quick refinancings and easy credit of years past were drying up ...
Meltdown of economy detailed in local reports - Portland Business JournalEconomic wreckage is spread across the country, in virtually every sector, starting with housing, with one in every 452 U.S. housing units receiving a foreclosure notice in October. The Federal Reserve Bank of Atlanta's vice president delivered grim ...
City awarded lead abatement grants - Milwaukee Journal SentinelThe two grants, which were awarded by the U.S. Department of Housing and Urban Development, were announced at a joint news conference by Mayor Tom Barrett and Commissioner of Health Bevan Baker at the Sixteenth Street Community Health Center. "While ...
Condos going ahead - Edmonton JournalEDMONTON - If you thought playing the stock market was tough, consider the plight of the condominium developer. In Edmonton compared to a year ago, condo resales are down, average resale prices are down, multiple-unit starts have plunged and a wave ...
Coastal Post Online - Coastal Post NewsThe chairman of the Republican Party in Macomb County, Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the upcoming election as part of the state GOP's effort to ...
Police say teens planned to rob Water St. club patrons - Milwaukee Journal SentinelOct. 31, 2008 | Police arrested six teenagers, including a 13-year-old armed with a pistol, who police say were conspiring to rob patrons outside a downtown nightclub shortly after midnight. Milwaukee Police Sgt. Mark Stanmeyer said a security guard ...
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