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Some assembly required - The Courier News
Some assembly requiredThe Courier News, IL - Jan 8, 2009Elgin architectural sleuth and author Rebecca Hunter has made it her business to sort out actual kit houses and those that just appear to be. ...

Torres brings a new perspective to U46 - The Courier News
Torres brings a new perspective to U46The Courier News, IL - Dec 29, 2008By ERIN CALANDRIELLO ecalandriello@scn1.com ELGIN -- After the controversial former School District U46 Superintendent Connie Neale left the district in ...

Toy giveaway crowd hits record high - The Courier News
Toy giveaway crowd hits record highThe Courier News, IL - Dec 18, 2008Elgin resident Marie Rodriguez said she had lost the home that she was renting to own because her landlord did not pay the mortgage. ...

Fox Valley poised to plow - The Courier News
Fox Valley poised to plowThe Courier News, IL - Dec 18, 2008In preparation, city of Elgin General Services Group Director David Lawry said public works crews normally scheduled to work throughout the afternoon were ...

Aurora propery violations announced - Aurora Beacon News
Aurora propery violations announcedAurora Beacon News, IL - Jan 5, 2009Exterior and Interior Maintenance Violations: At a single-unit rental at 136 Evans Ave., owned by John Lamberti, South Elgin. Resolution: found guilty and ...

Non-profit director received undisclosed construction discounts on ... - The South Florida Times
Non-profit director received undisclosed construction discounts on ...The South Florida Times, FL - Dec 19, 2008BY ELGIN JONES FORT LAUDERDALE — New evidence has surfaced indicating that New Visions Community Development Corp. Executive Director Jacqueline Tufts has ...New Visions CDC director: "I have not done anything wrong" The South Florida Timesall 2 news articles

Housing projects hit hard - The Statesman
Housing projects hit hardThe Statesman, India - Dec 27, 2008And for flats located north of Rashbehari Road up to Elgin Road flats were sold for Rs 50 to Rs 75 lakh. Exclusive luxurious flats demanded any price around ...

Foreclosures hurt neighbors trying to sell - The Courier News
Foreclosures hurt neighbors trying to sellThe Courier News, IL - Dec 20, 2008That does not include Elgin or Aurora, which receive their own NSP funds directly from the state. An estimated 682 homes across the village are in ...

Business News - AOL Canada
Business NewsAOL Canada, Canada - Dec 24, 2008s (TSX:CNR) controversial takeover of the Elgin, Joliet & Eastern Railway, which would allow the railway's freight traffic to bypass the congested Chicago ...

Praying for a financial miracle - Barre Montpelier Times Argus
Praying for a financial miracleBarre Montpelier Times Argus, VT - Dec 14, 2008He has lined up other parishioners — lawyers and mortgage counselors — who can help. "People always see me for help for all kinds of issues, but I am seeing ...

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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.

    View all Terms
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