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News about Mortgages:
Labour trying to undermine rival HBOS bids–Salmond - ScotsmanALEX Salmond increased the pressure on the UK government over the HBOS takeover yesterday, accusing Labour politicians of "leaking and briefing" in an attempt to undermine rivals to the Lloyds TSB bid. He also accused Gordon Brown, the Prime Minister ...
Spring Hill Mall owner may declare bankruptcy - Courier NewsWEST DUNDEE -- Shoppers aren't the only ones considering their looming debts as the holiday season approaches. Spring Hill Mall owner General Growth Properties, Inc., or GGP, announced it is considering bankruptcy in a federal filing made after U.S ...
Shopping as usual this holiday season at General Growth malls - Arlington Heights Daily HeraldSince the postwar boom years that spawned both the shopping mall and the suburbs, the two have been tightly intertwined. Now, the owner of the some of the suburbs' premiere shopping malls, including Oakbrook Center in Oak Brook, Spring Hill Mall in ...
General Growth sinks on lower outlook - Courier NewsWASHINGTON -- The new managers of troubled mall owner General Growth Properties Inc. sought to reassure investors Wednesday that the company plans to sell off properties and cut costs in an effort to weather the rocky economic climate, weeks after ...
Taking easy way out - Northwest HeraldOur representatives took the “easy way out” and were not willing to come up with an economic plan that would help all Americans. The process reminded me of going to a timeshare presentation and being told that I had to make up my mind now on how ...
HBOS takeover: Still time to save 'The Bank' - ScotsmanTHE Scotsman is today demanding answers about the HBOS takeover in a bid to secure the best deal for the nation and prevent the untimely and unnecessary death of one of our most venerable institutions. The newspaper is adamant that Scotland should ...
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