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News about Mortgages:
03/14 - Public Records - Bradenton Herald03/14 - Public RecordsBradenton HeraldKelsey Gonzalez et al, $247009.81, Thomburg Mortgage Home Loans Inc., 2009-CA-000401, online. Jose Elbert Inocente et al, $246099.13, Wells Fargo Bank NA, ...
Mortgage fraud: Bronzeville building scrutinized - Chicago Breaking Business - Tribune (blog)Mortgage fraud: Bronzeville building scrutinizedChicago Breaking Business - Tribune (blog)LLC, naming Ira Kaufman and Elbert Reniva, both of Chicago, as two of its principals. Traditional Title is contesting the revocation. ...
Man guilty of Annapolis double murder - Annapolis CapitalMan guilty of Annapolis double murderAnnapolis CapitalElbert Gardner Jr., 57, pleaded guilty yesterday to two counts of first-degree murder in the deaths of Lei Johnson, 38, and her lover, Samuel Fowlkes, 49. ...and more »
Fire chief Angelia Elgin faces opposition from union and attorneys at Northeast - St. Louis AmericanSt. Louis AmericanFire chief Angelia Elgin faces opposition from union and attorneys at NortheastSt. Louis AmericanThe district leadership at that time, and its attorney Elbert Walton, tangled with the State Auditor's Office over an audit that was mandated by the ...and more »
Feb. 22 Pitt-Greenville Deeds - Greenville Daily ReflectorFeb. 22 Pitt-Greenville DeedsGreenville Daily Reflector... Calvin Pilgreen, Cherretha Pilgreen, 51 acres more or less, NC 30, Pactolus Township * • the little bank Inc. to Elbert Kennard, Helen H. Kennard, ...and more »

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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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