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News about Mortgages:
General Growth Properties' shares tumble on report - Chicago TribuneShares of General Growth Properties Inc. fell 48 percent Thursday to a 12-year low as investors grew concerned that the Chicago-based shopping mall operator won't be able to refinance almost $1 billion in debt that comes due in November. The real ...
Worthy foreclosure rescue? - Philadelphia InquirerThe federal government's latest efforts to prevent foreclosures are getting a lukewarm response from economists, officials and advocacy groups. Many doubt that lenders, already facing huge losses, will agree to take on more red ink to refinance ...
Medvedev gives Russia banks more credit to fight crisis - ForbesMOSCOW, Oct 7 (Reuters) - President Dmitry Medvedev announced an extra 950 billion roubles ($36.4 billion) of long-term help for banks at an emergency Kremlin meeting on Tuesday, a day after Russia stocks had their worst falls ever. "The whole point ...
Housing Trust plans to raze Elliot Street building - Brattleboro ReformerBRATTLEBORO -- Using a grant from the Vermont Housing and Conservation Board, the Windham Housing Trust is pushing ahead with a number of projects around town. The trust will take title to a building on 172 Elliot St., a severely distressed property ...
Crunch coming to the county? - Seneca County Advertiser-TribuneThe Seneca County commissioners have been urged by their bond counsel to get in line soon to refinance the county's bonds. The nation's financial crisis may be negatively impacting the bond market. County Administrator Stacy Wilson told the ...
Steven Pearlstein - Washington PostWashington Post columnist Steven Pearlstein was online Tuesday, Oct. 7 at 11 a.m. ET to discuss the global financial crisis. About Pearlstein: Steven Pearlstein writes about business and the economy for The Washington Post. His journalism career ...
Obama, McCain discuss economic crisis in debate - ksl.comI posted, comments about 15 minutes ago, then came back to the site and saw that my comments was the first and only comment. It was removed, yet, all that was in it was several statements of what I saw as the differences between the candidates ...
Stocks tumble as Street worries about financials - ksl.comSubprimes went into effect and subprime loans skyrocketed before Gramm-Leach-Bliley. It also doesn't help your cause when Democrats, including Biden, supported the bill. It passed 90-8 in 1999 and Clinton signed it. Again, regardless of GLB ...
A home page for bidding on foreclosures - Los Angeles TimesInternet sales of distressed homes offer a convenient way to buy, but also a host of unknowns: Faraway investors won't know what they're buying into. Some firms see a place for an online market in distressed properties. Drawn by the convenience ...
Committee postpones action on RDA bond - Daily IndependentThe Community Development Committee deferred action on an estimated $20 million bond list because it hasn’t received a recommendation from the Infrastructure Committee. But even if it had received the committee’s recommendation, the bond ...

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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.
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