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Preview from Europe: Hank Speaks, Stocks Sink - Seekingalpha.comThe Dow Jones gave back almost 70% of last week’s historic gains in just one session yesterday as soon as end of the month rebalancing was out of the way. Financials, retailers and real estate stocks led the rout. Maybe it’s just me but I can’t ...
My Overview of a Special Year 2008 - Safe HavenWhat a year. It has been 11 months since I put out "My Ten Predictions for 2008". In general, I think my predictions have luckily turned out to be about right, but I underestimated the severity of both the up and down movement. Former Goldman ...
Police: Ohio college adviser ran prostitute raffle - CNBCAn Ohio State University academic adviser and a real estate agent held a $10-a-ticket raffle that offered an evening with a prostitute who is also a child sex-abuse caseworker, police said. Foreclosures will continue to rise unless the government ...
more Real Estate - San Francisco GateQ: I own and rent out a condominium through a property manager. The last tenant sublet my condo to another person who was not on the lease. This new occupant caused considerable damage before he was removed, damage that... It's been 10 years since ...
After the Building Boom - Wall Street JournalThe economy's swoon and Wall Street's woes are taking a particularly specific and tough toll on art museums. The art boom of the past two decades, and the resulting skyrocketing costs of acquisitions and insurance, led museums to staff their boards ...
Canada Stocks Decline on Oil, Led by Canadian Natural, EnCana - BloombergBy Whitney Kisling Nov. 6 (Bloomberg) -- Canadian stocks fell a second day, led by energy companies, after Canadian Natural Resources Ltd. lowered its production forecast and crude oil prices slid to a 19-month low. Potash Corp. of Saskatchewan Inc ...
U.S. Stocks Post Biggest Post-Election Drop on Economic Concern - BloombergNov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth ...
PAETEC sees rise in revenue, stock price - Democrat and ChronicleWall Street, which has been downbeat in its assessment of PAETEC Holding Corp.'s prospects, seems a little more optimistic. The telecommunications company's shares jumped Thursday, closing above $1 for the first time since Oct. 27, as investors ...
Hip-Hop Rumors: Britney Spears Blames Rap For Divorce? Khaled Sells ... - allhiphop.comNo real two cents today...just R.I.P. to MC BREED. Also, don't forget to read The Top 10 Worst Fads In Hip-Hop History (Part 1 of 2) . Part 2 is on the way. I have to type it up and get it up on the site. IF YOU SEE SOMETHING, SAY SOMETHING ...
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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