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Local bankruptcies have risen sharply - Louisville Courier-JournalTransferred to Louisville from Oregon 2½ years ago, Ed and Cherri Dubiak had trouble selling their old home and soon found themselves overwhelmed by bills, including $65,000 in credit-card debt. "Every credit card I had was getting maxed out," said ...
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 ...
Slaine Marine's Family Adopts His Dog - FOX NewsDec. 21: Jerome Lee, kneelling, father of slain soldier Dustin Lee, offically receives Lex from handler Maj. Mike Reynolds in Albany, Georgia. Dec. 21: German Shepherd dog Lex and new owner Camryn Lee get closer together with sister Mady looking on ...
Troubles mount at Albany cemetery - Corvallis Gazette-TimesTwin Oaks Memorial Gardens and Mausoleum has taken a long time, up to two years in one case, to get grave markers in place, but its problems go far deeper than that. The facility has been foreclosed on by a Portland lender. In addition, the present ...
Viewer Stories: Retirement Prospects Dim - WSB-TV AtlantaBill from Albany, N.Y. I left active duty as a Navy Lieutenant in 1983, got an MBA from UCLA in two years and then worked on Wall Street for 20 years, while actively participating in the Navy Reserves until retirement in 2007. During my peak earning ...
Mortgage broker files bankruptcy petition - Daily GazetteSCHENECTADY — A subprime mortgage brokerage that relocated to the city during the height of the housing boom has closed and filed for bankruptcy. Two years after MEM Financial Services established a headquarters near the corner of State and Ferry ...
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 ...
Why Does College Cost So Much, and Is It Worth It? - FOX News"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Election 2008: Barack Obama in the news - NewsdayGeorgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...

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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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