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Sovereign Bank has Central Falls flavor at the top - Providence Business NewsProvidence Business NewsSovereign Bank has Central Falls flavor at the topProvidence Business News, RI - 10 hours agoHe and Perrault weren’t close friends, but they were both members of the Boy Scouts Troop 1 out of Notre Dame Church on Broad Street. ...
Carnage: Seven days that shook the world - IndependentCarnage: Seven days that shook the worldIndependent, UK - 15 hours agoMid-morning the price of oil falls to its lowest mark for eight months, the sort of tidings that, normally, would produce a bounce. Not today. ...
Early Briefing: Turning Up The Heat - Washington PostWashington PostEarly Briefing: Turning Up The HeatWashington Post, United States - Oct 10, 2008CSC of Falls Church said it has received a multiyear contract worth as much as $50 million to continue supporting NASA's Hubble Space Telescope program ...
Just another election or a fight for the soul of a nation - renewamerica.usJust another election or a fight for the soul of a nationrenewamerica.us, DC - 1 hour agoThe time between the 483 years and the remaining seven years is called the 'parenthetical' age or the 'church' age. Some theologians call it the 'mystery' ...
Short shrift - Financial TimesShort shriftFinancial Times, UK - Oct 5, 2008Rowan Williams, archbishop of Canterbury and leader of the Church of England, even called on governments to “look to identify a few more targets” after the ...
Mom should reverse her mortgage - The Courier NewsMom should reverse her mortgageThe Courier News, IL - Oct 5, 2008But between now and then, it's more important that you enjoy financial comfort when you traipse to the beauty parlor, your church socials, dinner with ...
Andrew Baker: Soft seller defends the 'spivs and speculators' - guardian.co.ukAndrew Baker: Soft seller defends the 'spivs and speculators'guardian.co.uk, UK - Oct 2, 2008Even Church of England leaders joined the witch hunt. John Sentamu, archbishop of York, likened short sellers to "bank robbers and asset strippers". ...
After the Liquidity Comes the Liquidation - The Daily ReckoningAfter the Liquidity Comes the LiquidationThe Daily Reckoning, UK - Oct 10, 2008And so... the reckoning falls on the Daily Reckoning too... and everyone looks to his own: “How will I afford to pay for the vacation home we bought last ...
Vienna man pleads guilty to mortgage fraud - Fairfaxtimes.comVienna man pleads guilty to mortgage fraudFairfaxtimes.com - Oct 1, 2008According to court records, one of the four properties, located in Falls Church, was purchased with a loan fraudulently obtained from Long Beach Mortgage, ...
Regulators have got it wrong on short-sellers - Financial NewsRegulators have got it wrong on short-sellersFinancial News, UK - Sep 28, 2008An archbishop of the Church of England, many politicians and numerous newspaper leader writers agreed that short-selling of banks, particularly the UK’s ...
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