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Vanderbilt defeats Cent. Arkansas 83-62 - FOX NewsNASHVILLE, Tenn. — Jeffery Taylor scored 16 points to lead Vanderbilt to an 83-62 victory over Central Arkansas on Wednesday night. Vanderbilt (3-1) made its first six field goal attempts and never trailed. The Commodores led by as many as 25 ...
Battling Over Bailout for Private Student Loans - Inside Higher EdWhen Treasury Secretary Henry M. Paulson Jr. announced a shift last week in how the federal government planned to spend the rest of its $700 financial rescue fund — from buying financial firms’ troubled assets to helping stimulate consumer ...
A Credit Deficit or a Democratic Deficit? - Huffingtonpost.comEconomic remedies for the fiscal crisis continue to frustrate their political backers. On that black Monday when the U.S. Congress refused to pass the 700 billion dollar bailout, the market plummeted 477 points. A few days later, after Congress ...
Lurching Toward Gomorrah: More Signs of An Unstoppable Economic ... - OpEdNews.comCrisis denialists are still around but are slowly and grudgingly giving way to the reality that global capitalism is in serious crisis as recession lurches toward depression in a continuing downward spiral. Nearly every new data release confirm it ...
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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