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Stocks eye health reform, housing, Greece - ReutersReutersStocks eye health reform, housing, GreeceReutersInvestors will pay close attention to home sales because the housing sector is still struggling with a tide of foreclosures after the subprime mortgage ...and more »
Greek Tragedy Haunts Global Markets, Policies - Korea TimesCBC.caGreek Tragedy Haunts Global Markets, PoliciesKorea TimesSo, when the global recession hit, and the Greek economy contracted by 2 percent in 2009, international bond markets panicked, fearing that Athens was going ...Greek Bonds Jump as S&P Lowers Downgrade Threat; Bunds AdvanceBusinessWeekGerman Bonds Fall as Greece Safety Net Damps Demand for BundsBusinessWeekall 2,398 news articles »
Euro Leads Major Currencies Lower on Rumors Greece to Seek IMF Aid - Daily FXEuro Leads Major Currencies Lower on Rumors Greece to Seek IMF AidDaily FXThe Euro led major currencies lower against the US Dollar amid circulating rumors that a widening rift between the government in Athens and that of Germany ...and more »
No Greek Tragedy Here - Wall Street JournalReutersNo Greek Tragedy HereWall Street JournalSome of the same hedge funds that cashed in on the subprime mortgage crisis are said to have piled into credit default swaps on Greek bonds, betting Greece ...FOREX-Euro, sterling fall on debt worries; dollar risesReutersPound Tumbles Against MajorsRTT NewsEuro Surges to Highest in Seven Weeks Against Pound on Greek Bailout ChatterDaily FXFinFacts Ireland -Xinhua -Investor Todayall 4,175 news articles »
Pushing Greece into recession - The GuardianTelegraph.co.ukPushing Greece into recessionThe GuardianIf Athens can raise about €22bn (£20bn) to pay off maturing debt in April and May, then the risk of a sovereign debt default spreading to other heavily ...Funds' role in Greek drama examinedFinancial TimesCorporate Bonds Rally on Greek Sale, US Jobs: Credit MarketsBusinessWeekEconomic Outlook: It's still about jobsUPI.comall 2,903 news articles »
Fitch Affirms NBG's 'AA' For Its Mortage Covered Bonds - Capital.gr (press release)Fitch Affirms NBG's 'AA' For Its Mortage Covered BondsCapital.gr (press release)The portfolio is geographically concentrated around the metropolitan area of Athens (48.1%). As of end December 2009, 5.8% of the cover pool was more than ...
Greeks' Naked Shorts Excuse Naked - TheStreet.comReutersGreeks' Naked Shorts Excuse NakedTheStreet.comFront and center is Greek President George Papandreou blaming trading in derivatives for bringing down the house of cards that are Athens' national finances ...EU targets traders in response to Greek crisisABC Onlineall 192 news articles »
Greek debt crisis could raise problems for US and other countries - Washington PostGreek debt crisis could raise problems for US and other countriesWashington PostAthens is 5139 miles from Washington. But despite this literal and figurative distance, the Greek debt crisis has created a new set of risks for the US ...and more »
Enraged Greeks Protest Austerity Moves - AOL NewsAOL NewsEnraged Greeks Protest Austerity MovesAOL NewsATHENS (Feb. 24) -- As a mechanical engineer working for the state for three decades, Dina Apostolou was set to retire this year. ...and more »
A round-up of other world news in brief - Irish TimesA round-up of other world news in briefIrish TimesATHENS – Greek police used tear gas yesterday to disperse a small group of rioters who broke away from an anti-austerity rally in central Athens, ...and more »
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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