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Financial News
Pub chain on brink as it struggles with €26m debt - Independent
ONE of the country's largest pub chains went into examinership last night after failing to refinance debts of €26m. The Thomas Read Group, which employs 420 people, sought the protection of the High Court yesterday as it looked for more time to ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC 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 ...

AngloGold CEO Targets $1 Billion Bond Refinancing (Update2) - Bloomberg
Nov. 10 (Bloomberg) -- AngloGold Ashanti Ltd., Africa's largest gold producer, said it's seeking to refinance a $1 billion convertible bond within the next seven weeks amid a global financial crisis that's frozen credit markets. ``It's our most ...

Stocks down but dividends steady - Chicago Sun-Times
If you're fortunate enough to have money to save, you could put it in a bank certificate of deposit and collect more than 3 percent for a year if you shop around. The yield is guaranteed and won't disturb your sleep. But if you want a year of living ...

Charleston Southern beats Furman 75-64 - FOX News
Warren hit 6 of 9 3-pointers for the Buccaneers (1-1), and Omar Carter came off the bench to score 20 points and grab 12 rebounds in the victory. The Buccaneers shot 50.9 percent from the field (28 of 55) and out rebounded the Paladins (1-1) 37-27 in ...

Teck Drops to Lowest in 20 Years After Dividend Cut (Update2) - Bloomberg
By Stewart Bailey Nov. 20 (Bloomberg) -- Teck Cominco Ltd., Canada's largest diversified miner, dropped to the lowest price in 20 years after announcing it would halt dividends and cut spending to repay debt from last month's purchase of Fording ...

2008 Election - Oregonian
Diane 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 ...

Titans stay undefeated, Bengals get first win - FOX News
The Tennessee Titans still have their sights set on perfection, thanks to Rod Bironas' right leg. Bironas redeemed himself for an earlier miss by kicking a 41-yard field goal with 9:36 to go in overtime that led the undefeated Titans to a 19-16 ...

More Primary Articles - Nashua Telegraph
DOVER – New York Sen. HIDALGO, Texas – As they race between Ohio and Texas in advance of their March 4 primary showdown, Sens. Barack Obama and Hillary Clinton are squaring off over who has the answer to the nation's spiraling foreclosure crisis ...

Welcome Home, Don! - East Bay Express
This week, outgoing state Senator Don Perata finally begins his long ride into the Sacramento sunset. No more highballs with the governor or caucus poker nights, no more calls from the LA Times . Now, it's just you and Oakland, Mr. P. Since you're so ...

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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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