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Consider the source when buying gift cards - Evening StarGift cards are a popular holiday purchase, but buyers and recipients should remember the cards are only as good as the issuer. Federal law does not require retailers and other gift-card issuers to honor the cards in the event of bankruptcy because ...
Graybeard Entrepreneurs - ForbesWilliam Miller has clocked 200,000 airline miles so far this year. Miller is on the management squads of three start-ups, all focused on breakthroughs in nanotechnology, and teaches at Stanford University. Next spring, he will fly to Seoul, South ...
Vets have new options for home loans - Herald-DispatchHUNTINGTON -- Veterans with home loans now have new options for refinancing to a Department of Veterans Affairs (VA) guaranteed home loan. The new law makes changes to VA's home loan refinancing program. Veterans who want to refinance their subprime ...
Veterans have new home loan options - Herald-DispatchHUNTINGTON — Veterans with home loans now have new options for refinancing to a Department of Veterans Affairs (VA) guaranteed home loan. The new law makes changes to VA’s home loan refinancing program. Veterans who want to refinance their ...
Plan ahead before visiting mortgage lender - Newark AdvocateTimes certainly have changed. There are a few people still around that can remember when it was a handshake that sealed the deal on the purchase of a new home, and your word was your promise. Throughout the years as land and home values increased ...
Reverse Mortgages: Saviors for Seniors - Crestline Courier-NewsIn this issue The Mountain News presents the fourth installment in a multi-part series on economic topics affecting the mountains. This week we look at reverse mortgages, who they benefit and how they work. As Congress struggles toward consensus on a ...
UNTIL THE DTV TRANSITION - WSAZPosted by: Sue on Oct 19, 2008 at 06:45 PM I would like to say something about the last Presidential Debate. I think that John McCain acts like a broken record. And the debate that happened down in Tenn., he looked like a robot moving around I had to ...
56-year-old gives birth to her own granddaughters -- triplets - Cleveland Plain DealerPhoto from cosenotriplets.blogspot.com Jaci Dalenberg holding one of her granddaughters, Gabriella. Jaci Dalenberg of Wooster gave birth earlier this month at Hillcrest Hospital to triplets. Her daughter's triplets. Dalenberg's daughter, Kim Coseno ...
Fire destroys Mondovi business - Milwaukee Journal SentinelCity Furniture and Appliances' owner David Gray says it appears the building is a total loss. The Durand and Eau Claire fire departments worked on the blaze Monday evening. Gray says it didn't take long before the fire broke through the roof and ...
City to pay moving costs of garage in right of way - Milwaukee Journal SentinelOct. 29, 2008 | City officials admit they erred and are offering to pay to move a garage that sits on land reserved for a future street on Milwaukee's northwest side. The city granted all the necessary permits to the builder, which finished erecting ...
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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