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Big Two in the Making? - Los Angeles TimesSifyBig Two in the Making?Los Angeles Times, CA - 15 hours agoGeneral Ford? Chrysler Motors? How about we just merge all three big US automakers into one, call it GMCF and be done with it? A flurry of news reports this ...Video: Source: Chrysler, GM Discuss Joining Forces AssociatedPressAnalysts skeptical of rumors about an auto-giants merger Detroit Free PressGM, Cerberus's Chrysler Are Said to Hold Merger, Alliance Talks BloombergHuffington Post - Wall Street Journal
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S& P 500 Logs Worst Week in 75 Years - Washington PostLompoc RecordS& P 500 Logs Worst Week in 75 YearsWashington Post, United States - 8 hours agoGeneral Motors and Ford slid more than 45 percent as S&P said the carmakers may be forced into bankruptcy. Exxon Mobil, the largest energy company, ...Video: Stocks Mostly Lower As GM Declines AssociatedPressDow plunges more than 678 to fall below 9000 KATUall 846 news articles
AMID THE TUMULT Ford CFO plans to retire - Detroit Free PressTheMustangNews.comAMID THE TUMULT Ford CFO plans to retireDetroit Free Press, United States - Oct 11, 2008In 2006, Leclair, a 32-year employee of Ford, led Ford to mortgage virtually all of the company's assets -- including the trademark for the company's Blue ...Ford CFO Leclair to retire; European exec to take post MarketWatchall 208 news articles
Analysts: GM would need cash to acquire Chrysler - The Associated PressThe Associated PressAnalysts: GM would need cash to acquire ChryslerThe Associated Press - 5 hours agoThere also were reports Saturday that Chrysler was in talks with Nissan-Renault, and The New York Times reported that GM had approached Ford Motor Co. about ...
Business News - AOL CanadaVancouver SunBusiness NewsAOL Canada, Canada - 9 hours agoTOKYO - Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker but it didn't rule out a ...Banks trim prime rate as Ottawa offers mortgage relief CTV.caWorld Business News Update - NewsTrack istockAnalyst.com (press release)all 908 news articles
GM may mortgage Detroit headquarters to raise cash - BusinessWeekGM may mortgage Detroit headquarters to raise cashBusinessWeek - Oct 7, 2008GM moved to the complex, built by Ford Motor Co.'s real estate arm in the 1970s, from Midtown Detroit in 1996. It took out a $626 million mortgage to buy ...
GM, Ford stock rebounds slightly - Detroit Free PressGM, Ford stock rebounds slightlyDetroit Free Press, United States - Oct 10, 2008... and Ford Motor Co. recovered slightly today from historic lows as fallout from a global financial crisis spurred by the US mortgage crisis continued ...
Reports: Chrysler, GM discuss merger, acquisition - The Associated PressReports: Chrysler, GM discuss merger, acquisitionThe Associated Press - Oct 11, 2008In 2005, GM and Ford Motor Co. reportedly held talks regarding a potential business combination. Cerberus acquired its GMAC stake in 2006 for $14 billion ...
CREDIT CARD - IESB.NETCREDIT CARDIESB.NET, CA - Oct 11, 2008... free credit check more than 11500 ford, lincoln, and mercury cars our quick replica bags mercury automotive bad credit mortgage people receivables are a ...
Housing prices, sales and starts fall - Toronto StarPR Web (press release)Housing prices, sales and starts fallToronto Star, Canada - Oct 9, 2008"Clients seem to have taken a fear pill just from watching CNN," says realtor Darren Ford of Right At Home Realty, who deals with the Toronto market. ...Foreclosure clusters see sales boom TMCnetall 7 news articles

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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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