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News about Mortgages:
More trouble for Dunmores - Sacramento Business JournalDunmore Capital LLC and its affiliates have lost more than one-fourth of the 7,000 acres they once controlled, and more land is at risk if disputes over tens of millions of dollars in debt can’t be resolved. An investor in six of the company’s ...
Seacliff homeowner among thousands to lose equity credit line - Santa Cruz SentinelShelly Nadelman-Douglass lost her equity line from Chase based on the banks assessment of the value of her Seacliff home Shelly Nadelman-Douglass had her $100,000 equity credit line yanked by JPMorgan Chase after an online appraisal reported ...
Home Inns & Hotels Management Q3 2008 Earnings Call Transcript - Seekingalpha.comHello and thank you for standing by for Home Inns' third quarter 2008 earnings conference call. (Operator Instructions) I would now like to turn the meeting over to your host for today’s conference, Ethan Ruan, Home Inns Investor Relations. Please ...
Home Deal Fails For Centerton Families - Morning NewsCENTERTON -- James and Patricia Leach of Bentonville couldn't believe their luck in September 2006 when they were approved to buy a home. The recently married couple found their dream home in Centerton. But two years, two months, and $51,000 later ...
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