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A New Foreclosure Wave Hits The Jobless - CBS News
Buying A Home In The Credit Crunch When Disaster Strikes - Twice Free Clinics Offer Hope For The Uninsured Snapshots Of Struggle In The Food Line The Economic Ripple Effect Gone Awry Losing Grasp On The American Dream The Youngest Victims Of ...

6 states account for almost 60 percent of homeowners with mortgages ... - Minneapolis Star Tribune
Next month I am not paying my mortgage. As a airline employee my Pay is Down over $1000.00 a month. I cant refinance because there are so … read more many bank owned homes that it has driven my house down well over 20% I contacted my bank Teachers ...

Bay Area homeowners owe more than home's worth - San Francisco Gate
Wednesday, November 12, 2008 SF Gate polls are strictly surveys of those who choose to participate and are therefore not valid statistical samples. Our poll software uses a variety of methods to ensure that only votes determined to be valid are ...

Mother Russia takes care of its industrialists - International Herald Tribune
In its own version of the welfare state, Mother Russia is taking good care of its impoverished industrialists. Western banks could possibly make margin calls on billions of dollars' worth of loans to Russia's billionaires. But the government doesn't ...

Bay homes 'upside down' - San Francisco Gate
SF Gate polls are strictly surveys of those who choose to participate and are therefore not valid statistical samples. Our poll software uses a variety of methods to ensure that only votes determined to be valid are tabulated. When this determination ...

Missoula mortgage refinancings have doubled - Missoulian
6 percent or less. Rates are expected to skip around between 5 percent and 6 percent as the Federal Reserve, which meets next on March 18, tries to avoid a nationwide recession. Investors expect the Fed will lower interest rates by another half a ...

Mountain House awash in debt - Record
Mountain House may be the highest community in San Joaquin County in elevation, but a new report also makes it the most underwater area in the United States. Nearly 90 percent of mortgage holders in the town owe more than their houses are worth, a ...

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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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