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News about Mortgages:
Elbert: Financial leaders must work to regain Americans' trust - DesMoinesRegister.comElbert: Financial leaders must work to regain Americans' trustDesMoinesRegister.com, IA - Dec 31, 2008Paulson has succeeded in pushing down mortgage rates. But that won't help homeowners who already have problems. Many believe that low mortgage rates could ...
Elbert: Top biz stories of 2008 - DesMoinesRegister.comElbert: Top biz stories of 2008DesMoinesRegister.com, IA - Dec 29, 2008Wells Fargo, which is Iowa's largest bank and which has mortgage and consumer finance operations in the Des Moines area, has not said how it will spend the ...
Details Coming Soon for Lender Lawsuit - Memphis Daily NewsMemphis Daily NewsDetails Coming Soon for Lender LawsuitMemphis Daily News, USA - Dec 24, 2008That’s what City Council members were told during their closed-door discussion last week with city of Memphis Attorney Elbert Jefferson. ...
West Bancorp. takes $36 million in bailout - DesMoinesRegister.comDesMoinesRegister.comWest Bancorp. takes $36 million in bailoutDesMoinesRegister.com, IA - Jan 3, 2009By DAVID ELBERT • delbert@dmreg.com • January 3, 2009 West Bancorp. has received a $36 million federal government investment and will use the money to ...
Lipscomb Works at Heart Of Numerous Community Projects - Memphis Daily NewsMemphis Daily NewsLipscomb Works at Heart Of Numerous Community ProjectsMemphis Daily News, USA - Dec 18, 2008The Memphis City Council Tuesday got a presentation on the effort to put together a lawsuit by city of Memphis attorney Elbert Jefferson. ...Commission Committee Authorizes Foreclosure Suit Memphis Daily Newsall 10 news articles
Goodbye 2008: What you won't see in the new year - ABC15.com (KNXV-TV)Goodbye 2008: What you won't see in the new yearABC15.com (KNXV-TV), AZ - Dec 23, 2008After 33 years, Roger Elbert's famous thumbs up and down is gone from 'At the Movies.' In explaining that his departure was voluntary, he stated, ...
Business Books: Reading to brighten the holiday mood - guardian.co.ukBusiness Books: Reading to brighten the holiday moodguardian.co.uk, UK - Dec 18, 2008Elbert Hubbard's "A Message To Garcia" ($10), a paean to the entrepreneurial spirit in a Spanish-American War setting, was required reading for many workers ...
Virginia students learning economic lessons - SmartBriefVirginia students learning economic lessonsSmartBrief, DC - Dec 29, 2008Officials say the lessons include role playing and financial decision-making, and could help students avoid the credit card troubles and mortgage missteps ...
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