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Two of the Three Little Pigs Would Have Trouble Getting a Loan - Wall Street JournalTwo of the Three Little Pigs Would Have Trouble Getting a LoanWall Street JournalFor a seven-bedroom dome-shaped house in Yuma, Ariz., Ms. Giffin pointed the appraiser to domes around the state. Among the comps listed in the appraisal: a ...and more »
Yet Another Government Takeover: Student Loan Edition - Big Government (blog)Big Government (blog)Yet Another Government Takeover: Student Loan EditionBig Government (blog)It would be a good time to go into business doing mail order ammo sales in Yuma. It's only a short hop from California. One only need visit opensecrets.org ...and more »
Home ownership becomes American nightmare - Yuma SunHome ownership becomes American nightmareYuma SunYuma resident Lauri St. Cyr and her husband, Mike, were recently forced to foreclose after receiving a home loan that one credit counselor said they never ...
Yuma High School registers incoming freshmen - Yuma SunYuma High School registers incoming freshmenYuma Sun... in the Yuma High cafeteria. Parents are advised to bring proof of residency, such as a utility bill, lease or mortgage, parent photo identification, ...
Business Glance 3-7-10 - Yuma SunBusiness Glance 3-7-10Yuma Sun... 300 E. 32nd St. This month's sponsor is Allied Home Mortgage Capital Corp. Speakers will be Chief Paul Beeson of the US Border Patrol Yuma Sector, ...
Small Business Owners Open Shop Despite Economy - KSWT-TVSmall Business Owners Open Shop Despite EconomyKSWT-TVMarch 3, 2010 Yuma, AZ -- Despite the economy, some local entrepreneurs are starting their own businesses. Experts say this could be the right time to begin ...
Markey to back health-care reform bill - The ColoradoanMarkey to back health-care reform billThe ColoradoanCory Gardner, R-Yuma, the GOP front-runner to challenge Markey in the fall. "She has decided not to listen to her district. When I am elected in November I ...and more »
A MODEST IMPERIALIST: William T. Vollmann - Brooklyn RailBrooklyn RailA MODEST IMPERIALIST: William T. VollmannBrooklyn RailThe Colorado used to be so huge, you could take a steamer all the way up to Yuma. VOLLMANN: I know. Now, of course, you could throw a ball across it. ...

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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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