Silver Bay Mortgage Refinance and Information Online from competing Lenders

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School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Ottawa bows to banks to keep credit flowing - Globe and Mail
Silver Standard (Robert Menard Rules:)) from Canada writes: Well here we go guys, get your money out of paper. We are going to go down with the USA. We really don't need to do this, its criminal what they are going to do with or savings. All the ...

Site Presented By - Salon
The Wall Street Journal's Donna Kardos, reporting the news that the S&P/Case-Shiller home-price index recorded a record 17.7 percent drop for U.S. home prices in 10 major metropolitan areas in August -- the "11th-straight monthly report of a record ...

Housing in Turmoil: Some discover they can do well in the downturn - Modesto Bee
Kimiko Horiuchi and husband Rolly Chany soon will move into this Patterson home along with Gabriel Pizzolla, 4, and Victor Pizzolla, 10. The Tracy couple paid $329,000 for the house but were told it was worth $600,000 not long ago. Sales Advice Tips ...

Mayfair Mall owner is deep in debt, may face bankruptcy - Milwaukee Journal Sentinel
Nov. 11, 2008 | General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The ...

Text-only Version - 24 Hour Museum
To mark the 90th anniversary of the end of World War One, people's memories of the conflict will be brought to life during National Storytelling Week at Dewsbury Museum On Sunday January 27, a First World War soldier played by professional actor Ben ...

US Economy--Recession, Depression, or Collapse? - Common Dreams
"For Consumers, the Hits Keep Coming" a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers ...

George Voinovich calls Barack Obama a 'socialist' - Cleveland Plain Dealer Blog
"He is left of Teddy Kennedy. With all due respect, the man is a socialist." Ohio's senior senator, a Republican, made his comments Thursday to a reporter for The Daily Sentinel in Pomeroy, Ohio. He was visiting the Meigs County Republican Party ...

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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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