Big Bay Mortgage Refinance and Information Online from competing Lenders

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Employee robbed at Citgo on northwest side - Milwaukee Journal Sentinel
The man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...

Miller Electric to eliminate 95 jobs - Milwaukee Journal Sentinel
Nov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...

Just the Facts... - Safe Haven
For the week, the S&P500 dropped 8.3% (down 45.5% y-t-d), and the Dow fell 5.3% (down 39.3%). The Morgan Stanley Cyclical index was pounded for 11.9% (down 59.8%) and the Transports for 10.6% (down 31.7%). The Morgan Stanley Consumer index dropped 4 ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
Kelly from Bay City, Mich. The economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Big homeowner rescue program kicks off - San Francisco Gate
Thursday, October 2, 2008 The Hope for Homeowners program, or H4H, passed as part of a housing reform bill in July, authorizes the Federal Housing Administration to help troubled homeowners refinance into 30-year fixed-rate mortgages. The actual ...

McCain fleshes out his plan to buy mortgages - St. Petersburg Times
In a debate that featured rehashed candidate positions, one new policy emerged: Sen. John McCain's proposal to have the government buy and renegotiate "literally millions" of mortgages on houses whose values have dropped and whose owners are ...

Expanded loan limits for home buyers to end Dec. 31 - San Jose Mercury News
Memo to Bay Area home buyers and owners: Your days to buy or refinance homes using big loans set at low interest rates are numbered. As part of the economic stimulus bill that became law in February, loan limits on government-backed mortgages were ...

Lord Mandelson and Oleg Deripaska, the billionaire at bay - Times Online
For a few days each winter, political leaders, the super-rich and a scattering of conscientious rock stars congregate in the Swiss resort of Davos for a summit. Last January among their ranks was Oleg Deripaska, the Russian tycoon. Although 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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