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Anglogold secures $1bn deal on debt - Financial TimesAnglogold Ashanti, the world's third-biggest gold producer, yesterday secured a $1bn refinancing that underscored the metal's continuing status as a haven for troubled times. The debt deal - signed in the early hours after three weeks of breakneck ...
Loan week, November 14-20 - Finance AsiaAustralia Optus Finance 's A$725 million three-and-a-half-year revolver was sealed on November 14 via ANZ, Bank of Tokyo-Mitsubishi UFJ, Citi, Commonwealth Bank of Australia and Westpac. Proceeds are to refinance an existing debt facility and for ...
Arlington council signs off on preliminary deal to let Cowboys build ... - Fort Worth Star-TelegramARLINGTON — The City Council signed off on a preliminary agreement that would allow the Dallas Cowboys to build a 1,500-space parking lot in a neighborhood west of the football stadium. Over the past few years, the team has bought land from ...
Owner 'devastated' as bank seizes Kinnitty Castle - IndependentTHE owner of luxury hotel Kinnitty Castle says he is "devastated" after bank officials moved in and seized the property. The venue near Birr, Co Offaly , which is noted for its celebrity weddings, was foreclosed on Wednesday. The castle was scheduled ...
Fluvanna hopeful on bond deal - Daily ProgressResults from recent government bond sales across the state have Fluvanna County officials hopeful that their proposed December debt sale to fund the county’s new high school will be successful. A local taxpayer organization, however, is hoping the ...
If timing is everything, Brito's nailed it — so far - St. Louis Post-DispatchWhatever you think of InBev and its chief executive, Carlos Brito, you have to admire his timing. Brito probably couldn't have pulled off the acquisition of Anheuser-Busch a year earlier, and he certainly couldn't have done a deal three months later ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...
Mortgage Vs. Medicine - NewsweekThis week Billy Annese turned 28. That's remarkable since doctors once predicted that he'd never make it past 16. Annese suffers from a disease called Friedreich's ataxia, a progressive neurological disorder that, much like multiple sclerosis, gets ...
BSkyB to raise $600m in bond issue - Financial TimesBritish Sky Broadcasting plans to raise $600m in a bond issue to institutional investors in order to refinance its debt pile and boost its firepower for acquisitions. The pay-TV broadcaster is issuing 10-year bonds at 9.5 per cent interest which will ...
American Express Nowhere Near Its Credit Limit - Smart MoneyTHE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express ( AXP ), which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx ...
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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