Barbour Mortgage Rates and Information Online from competing Lenders

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Ice-cream goes on the credit card as valley feels the chill ... - Guardian Unlimited
Driving into Roanoke you see the 21-storey Wachovia building imposing itself on the skyline like an gigantic illusion of economic stability. It is the town's only skyscraper so the bank's name can be seen for miles in any direction. But Wachovia, the ...

Fraud charged in home loans in three counties - Sacramento Bee
A "cash back" mortgage swindle involving in excess of $1 million in stolen funds and more than $11.3 million in fraudulently obtained loans on 16 homes in the Sacramento region was alleged Friday in a federal indictment. Derek Davis of Sacramento ...

Declining US economy has political fallout - Taipei Times
Driving into Roanoke you see the 21-storey Wachovia building imposing itself on the skyline like a gigantic illusion of economic stability. It is the town¡¦s only skyscraper so the bank¡¦s name can be seen for kilometers in any direction. But ...

A Billion Little Pieces - New York Observer
In the early morning hours of Wednesday, Sept. 24, The New York Times was printing its morning editions, including a front-page story reporting that Senator John McCain’s presidential campaign manager, Rick Davis, is a principal in a lobbying firm ...

Husband freed from wife of crime - Sydney Morning Herald
JUST because Wayne Dungey failed to read his bank statements - which he admits would have alerted him to his ex-wife's million-dollar theft from one of Sydney's most prestigious private schools - does not mean he has to repay any of the stolen money ...

HUD considers hurricane impact in foreclosure plan - Forbes
Paula Bell thought about suicide when she realized her Mississippi Gulf Coast home survived Hurricane Katrina but was on the verge of being lost to foreclosure. Her mortgage payment had increased by $500 and her income was gone because the 2005 ...

Opinion by Greg Hansen : Sports background no longer required for ... - Arizona Daily Star
To revive the struggling athletic department at Washington, the Huskies last week hired a man whose career has been spent in politics, government, public relations and fundraising. Shortly before that, the Oregon Ducks hired a zillionaire booster, a ...

Britain Seeks Probe of City 'Fat Cats' - The Epoch Times
Lights shine inside the buildings in the City's financial hub at Canary Wharf in London, England. (Scott Barbour/Getty Images ) LONDON — Britain's prime minister and chief financial regulator took aim at wealthy bankers and traders on Sunday ...

BUSINESS PORTFOLIO - Vicksburg Post
Rainbow Hotel Casino has named Laral Chandler as director of casino operations. Chandler, a native of Pascagoula, has about 14 years of casino experience and a bachelor’s degree in casino resort management from Tulane University. She has held ...

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Today's Mortgage Terms starting with C

  • Cash To Close: Liquid assets that are available on hand for payment of closing costs involved in the processing of a mortgage transaction.
  • Closing: The completion of a real estate transaction. The closing includes the delivery of a deed, financial adjustments, signing of notes and disbursement of funds required to finalize the sale and loan transaction.
  • Closing Costs: Fees generally paid by the borrower in relation to the closing of a mortgage loan.
  • Collateral: Property pledged as security for a debt.
  • Conforming Loan: Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally buys first mortgages up to loan amounts approved by Congressional directive.
  • Conventional Loan: Loans that are not part of any government housing program, free of any restrictions of government insured housing programs, such as loan size limits.
  • Conversion Clause: A feature in certain ARMs that gives you the option to convert the variable rate loan to a fixed-rate loan, usually after the first adjustment period. The new fixed rate will be set at current rates and there could be a fee for the conversion feature.
  • Convertible ARM: A type of ARM loan that can be converted to a fixed-rate loan after a certain time period.
  • Covenant: A clause in a contract that obligates or restricts the parties and if broken, can result in a legal action.
  • Credit Bureau: It is a clearinghouse for credit history information.
  • Credit Report: A report containing a detailed credit history of an individual.
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