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Siskiyou housing market slumps - Record SearchlightWhen it comes to the sagging real estate market, Siskiyou County is not immune. According to statistics provided by the Siskiyou County Board of Realtors, in 2005 the average home in Siskiyou County sat on the market an average of 89 days and sold ...
CORRECTING and REPLACING Martin Marietta Materials, Inc. Announces... - MSN MoneyCentralStephen P. Zelnak, Jr., Chairman and CEO of Martin Marietta Materials, stated, “ We are very pleased with our third-quarter results as they highlight our ability to adapt our business to successfully address the most challenging economic times in ...
OAKLAND Boys summer camp caught in credit crunch - Morning SentinelOAKLAND -- Jon Deren, co-owner of Camp Manitou, a summer camp for boys on East Pond, has had a close encounter with the nation's financial crisis -- and it hasn't been pleasant. Nor has it been enjoyable for the four businesses that filed liens ...
Business Digest - Providence JournalBoston-based Fidelity Investments, one of the biggest employers in Rhode Island with more than 2,400 workers in Smithfield, confirmed yesterday that it will eliminate about 1,700 jobs in the first three months of next year, adding to previously ...
Martin Marietta Materials, Inc. Announces Third-Quarter Results - Marketwatch-- Earnings per diluted share of $1.58 compared with $2.13 in the prior-year quarter -- Cost of petroleum-based products increased $16 million, reducing earnings by $0.23 per diluted share -- Heritage aggregates product line pricing up 8% and volume ...
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