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News about Mortgages:
Builders seek help to surviveI - News & ObserverBuilders seek help to surviveINews & Observer, NC - 57 minutes ago"I've never seen a market come to an absolute stop as ours has here," said Richard Gaylord, a Raleigh builder who is a 29-year real estate veteran. ...
Homebuilders feel economic pinch - WRAL.comHomebuilders feel economic pinchWRAL.com, NC - 4 hours agoRaleigh, NC — Two years ago, Trey Gaylord said his family's home construction company built more than 25 homes. Now they have no homes under construction ...
Realtor luncheon a time of positive reinforcement, looking forward - Lodi News-SentinelRealtor luncheon a time of positive reinforcement, looking forwardLodi News-Sentinel, CA - 13 hours ago2009 Lodi Association of Realtors President Ryan Sherman, left, eats lunch next to 2008 National Association of Realtors President Richard Gaylord during ...
Analysis: Barack Obama tested by stimulus, scandal - The Associated PressThe Associated PressAnalysis: Barack Obama tested by stimulus, scandalThe Associated Press - Jan 5, 2009"These are the first nicks in the president-elect's armor for changing the way that Washington works," said Republican strategist Joe Gaylord. ...
Welcoming Obama! - Kiwi CollectionKiwi CollectionWelcoming Obama!Kiwi Collection, Canada - 8 hours agoJanuary 19th, 2009 - Texas State Society Black Tie and Boots Inaugural Ball at the Gaylord National Resort. January 19th, 2009 - Virginia's Inaugural Black ...
Housing Industry Asks Congress To Help Main Street - WFMY News 2Housing Industry Asks Congress To Help Main StreetWFMY News 2, NC - 9 hours agoRick Judson, owner of Evergreen Homes; Dan Tingen, president of Tingen Construction; Richard Gaylord, president of Richard Gaylord Homes; and Joe Appelmann, ...
Oh, And One More Thing: 2008? No soup for you! - Gaylord Herald TimesOh, And One More Thing: 2008? No soup for you!Gaylord Herald Times, MI - Dec 31, 2008Peter Comings is the editor of the Gaylord Herald Times. You can write to him at PO Box 598, Gaylord, MI 49734 or e-mail peter@gaylordheraldtimes.com.
Outgoing Realtor prez eyes OC rebound by summer - OCRegisterOutgoing Realtor prez eyes OC rebound by summerOCRegister, CA - Dec 19, 2008Long Beach broker Dick Gaylord, the outgoing president of the National Association of Realtors, lives and works on the fringe of Orange County, ...
Amy Carne and Nate Radousch - McLeod County ChronicleAmy Carne and Nate RadouschMcLeod County Chronicle, MN - Dec 24, 2008Parents of the couple are Michael and Karen Carne of Gilbert and Wallace Radoush and the late Dianne Radoush of Gaylord. Amy Carne is a 1998 graduate of ...
Morristown mayor seeks 1 firehouse for whole town - Dailyrecord.comThe Star-Ledger - NJ.comMorristown mayor seeks 1 firehouse for whole townDailyrecord.com, NJ - Jan 7, 2009Also, Thomas Gaylord was sworn in as the First Assistant Fire Chief while Victor France took the oath to be the Second Assistant Chief.Morristown reorganization highlights NJ.comall 10 news articles
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