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News about Mortgages:
Foreclosures of property more than doubled in 2008 compared to ... - Watauga DemocratForeclosures of property more than doubled in 2008 compared to ...Watauga Democrat, NC - Jan 6, 2009According to the Watauga County Sheriff’s Office, 76 notice of foreclosure hearings were served in 2007. Last year, that number climbed to 381, ...
Yadkin Valley Financial Corporation Receives Preliminary Approval ... - CNNMoney.comYadkin Valley Financial Corporation Receives Preliminary Approval ...CNNMoney.com - Dec 31, 2008The High Country Bank region serves Avery and Watauga Counties. The Cardinal State Bank region serves Durham, Orange, and Granville Counties. ...Yadkin Valley Financial Corporation Receives Preliminary Approval ... International Business Timesall 18 news articles
Economy and election tie for top spot - Winston-Salem JournalEconomy and election tie for top spotWinston-Salem Journal, NC - Jan 1, 2009Another 500 people in Alleghany, Ashe, Watauga and Wilkes counties lost their jobs, as companies closed plants, trimmed expenses or shifted operations ...
Yadkin Valley Financial Corporation Declares Fourth Quarter ... - CNNMoney.comYadkin Valley Financial Corporation Declares Fourth Quarter ...CNNMoney.com - Dec 22, 2008The High Country Bank region serves Avery and Watauga Counties. The Cardinal State Bank region serves Durham, Orange, and Granville Counties. ...Yadkin Valley Financial Corporation Declares Fourth Quarter ... International Business Timesall 11 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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