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News about Mortgages:

Thomson Financial News - Forbes
Gaming group Crown has raised A$1.6 billion from banks to repay debt that had been due to expire in August 2010. 'In the current environment you've just got to be prudent and get the job done,' Crown investor relations manager Geoff Kleemann said ...

PRESS DIGEST-Australian Business News - Dec 5 - CNBC
Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Gaming group Crown has raised A$1.6 billion from banks to repay debt that had been due ...

UPDATE 2-UK lenders pass on UK 1.5 pct rate cut - Reuters
LONDON, Nov 7 (Reuters) - Five major British lenders passed on the Bank of England's 1.5 percentage point rate cut to their variable rate mortgage customers on Friday after the government urged them to keep lending to help stave off a recession. HBOS ...

Cranbourne residents sue council for millions over methane leak - News.com.au
DISTRESSED residents of 816 methane-affected homes in Cranbourne have sued their local council for tens of millions of dollars. In a class action launched today in the Supreme Court the residents are seeking damages from the City of Casey for the ...

CAMPAIGN NEWS - US News and World Report
This morning's campaign coverage portrays the presidential race as having shifted decidedly in Sen. Barack Obama's favor, giving Sen. John McCain very little chance of picking up any states not won by President Bush in 2004. ABC World News described ...

Residents to claim damages for methane gas leak - West Online
The owners of the a Melbourne House of the Year have joined over 450 residents in a class action seeking compensation for the loss of house value brought about from explosive-level methane leaking from a nearby landfill site. Matthew Wheelahan’s ...

Residents seek damages for gas leak - West Online
Matthew Wheelahan's decision to move his family to the Brookland Greens estate was supposed to be an upgrade from nearby Cranbourne. In September their home that won House of the Year in 2007, was valued at $420,000. But in the same month, its value ...

IMF (IMF) 78c - The Australian
IF there's a quintessential stock for the times it's this litigation funding mob, which is cashed up and eyeing off a smorgasbord of shareholder class actions as more corporate dominoes tumble. As executive chair Rob Ferguson told shareholders at ...

Another lawyer seeks Waukesha County judge spot - Milwaukee Journal Sentinel
Jennifer Dorow of Delafield said she would seek the vacancy created by Circuit Judge Mark Gempeler's pending retirement. Dorow worked as a prosecutor in the Waukesha County district attorney's office for nearly five years and now is doing criminal ...

Public comment sought on North Lake access plan - Milwaukee Journal Sentinel
Nov. 10, 2008 | A Department of Natural Resources environmental assessment for development of a public access site on North Lake in the Town of Merton is available for public review and comment. The state agency purchased six acres on the west side ...

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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