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News about Mortgages:
Pilot's life is hijacked by early-onset Alzheimer's disease - Pittsburgh Post-GazetteAlan Romatowski, 57, has been diagnosed with early-onset Alzheimer's disease. His home is set in a wooded area of Middlesex, Butler County. Alan Romatowski sits in the tasteful suburban living room of his older neighbors listening to Georgia Molloy ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Conflict of Interest: Burson-Marsteller and Hillary Clinton's Alliance - FOX NewsMark Penn, Hillary Clinton’s chief strategist and the Worldwide CEO of international public relations/ lobbying firm Burson-Marsteller, wrote those telling words in his confidential internal corporate blog . Given the breadth of his company’s ...
Sheriff's sale set for 10 of investor's holdings - Pittsburgh Tribune ReviewA Pittsburgh-based investor faces the loss of 10 properties -- most housing rental apartments -- in the city and nearby communities at a Dec. 1 Allegheny County sheriff's sale. R.A.E.D. Investments Inc. of Pittsburgh and Davin Investments Inc. are in ...
Grand Traverse Mall owner may face bankruptcy - Traverse City Record-EagleCHICAGO -- General Growth Properties Inc. shares plummeted this week 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 real ...
Mortgage market warms up - Pittsburgh Tribune ReviewMortgage rates fell and telephones started ranging at mortgage providers across Western Pennsylvania Wednesday after the Federal Reserve's move to buy $600 billion in debt and free up credit markets. Word of the new program on Tuesday sent rates down ...
Election 2008: Hillary Clinton in the news - NewsdayFor Gov. David A. Paterson, there is more at stake than the choice of a U.S. senator to succeed Hillary Rodham Clinton pending a special election in 2010; there is also a statewide Democratic Party ticket to be shaped. WASHINGTON - Hillary Rodham ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
O'Brien's blog - Atlanta Journal ConstitutionThe entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...
State: HRC’s ticket to debt forgiveness? - Politico.comAs the nation’s top diplomat, she would be barred by tradition and ethics rules from partisan political activity, including raising cash to pay off debt from her unsuccessful bid for the Democratic presidential nomination. And that could give her a ...
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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