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Use tax and home mortgage strategies to save money this year - St. Louis Post-DispatchSt. Louis Post-DispatchUse tax and home mortgage strategies to save money this yearSt. Louis Post-Dispatch, United States - Dec 19, 2008Think $1700 or so. So, the trick is to calculate how much you'll save on your monthly payment, then calculate how many months it will take for those savings ...
Renters not immune to foreclosure - Florida Times-UnionRenters not immune to foreclosureFlorida Times-Union, FL - Dec 18, 2008She is planning to move out in the next day or so, so the kids can be somewhere certain in time for school to start again. But many renters in similar ...
Two malls' owner gains some breathing room - Louisville Courier-JournalTwo malls' owner gains some breathing roomLouisville Courier-Journal, KY - Dec 13, 2008Even if the deadline passes without a pact, General Growth isn't in default unless the banks declare it so, so it could continue negotiating through the ...
False Diagnosis of Deflation - Gold SeekFalse Diagnosis of DeflationGold Seek - Jan 1, 2009The US is so so so lost on a path into darkness. Why? Because the very cause of bubbles and their bust is once again official policy for remedy. ...
Agency Agony Uncle - The DrumAgency Agony UncleThe Drum, UK - Jan 6, 2009I believe you think so. So I say to you my grey-haired, toothless, piss-smelling, old friend as you did not obviously become the agency owner who sold ...
Jobless will be the losers if governor, state agency fail to ... - The StateJobless will be the losers if governor, state agency fail to ...The State, SC - Dec 30, 2008Senate President Pro Tempore Glenn McConnell, R-Charleston, said he would support an audit, but only if there is reason to do so. So far, he said, ...
Translating the Scottish name origins of Freddie Mac - Beaufort GazetteTranslating the Scottish name origins of Freddie MacBeaufort Gazette, SC - Dec 27, 2008According to the Freddiemac.com FAQ Web page, "Freddie Mac's full legal name is the Federal Home Loan Mortgage Corporation. ... Almost immediately after we ...
year of living dangerously - Toronto Staryear of living dangerouslyToronto Star, Canada - Jan 3, 2009But 20 years of so-so and occasionally ugly design, substandard quality and fuel economy, beginning in roughly 1980, have killed the "brand equity" of GM's ...
UK Housing Market Will Not Bottom Before 2012 - The Market OracleUK Housing Market Will Not Bottom Before 2012The Market Oracle, UK - Jan 6, 2009The value of the collateral for a 100% mortgage written at the peak is now 85% of that and this time next year it will be 75% if you're lucky. ...
Fed Watch: Rates May Be At Zero, But Where's the Quantitative Easing? - Seeking AlphaFed Watch: Rates May Be At Zero, But Where's the Quantitative Easing?Seeking Alpha, NY - Dec 18, 2008So, so depressing. So when does Fed policy truly become inflationary? Currently, I am thinking it becomes inflationary when policymakers become desperate ...
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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