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Local Prices Down 30 Percent from Peak - Voiceof San DiegoWednesday, Aug. 27, 2008 | Home prices in San Diego dropped again in June, reaching a point not seen since September 2003, according to the Standard & Poor's/Case-Shiller Index released Tuesday. June's price index for resale houses fell 30 percent ...
Auction Service - Chicago TribuneWhen Bill Anderson's father took him to his first Detroit Tigers game in 1950, he bought him a team photo as a souvenir. That snapshot set in motion an ambitious pursuit for Anderson. "That was the first photo that went into my collection," said ...
Bernanke remedies fall short, experts say - Daily OklahomanFederal Reserve Chairman Ben Bernanke 's attempt at moral suasion Tuesday hit Oklahoma lenders as redundant and doubtful — and academic, since Oklahoma, so far, is sitting out the national mortgage crisis. Stoops on thin ice with Jarboe Jarboe ...

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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.
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