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Fixing mortgages a growing business in Jacksonville - Jacksonville Business JournalDelores Hicks, 73, outside the Mayport home she shares with two grandchildren. “I was really in a bad situation,” she said, before turning to a company that renegotiated her mortgage. JACKSONVILLE — Seventy-three-year-old Delores Hicks had just ...
Lender Processing Services Announces New Mass Loan Modification ... - MSN MoneyCentralJACKSONVILLE, Fla. , Nov. 19 /PRNewswire-FirstCall/ -- Lender Processing Services, Inc. LPS , a leading provider of integrated technology and services to the mortgage industry, has created RediMod, an end-to-end solution for streamlining the mass ...
Lender Processing Services, Inc. to Present at Bank of America Credit ... - MSN MoneyCentralJACKSONVILLE, Fla. , Nov. 18 /PRNewswire-FirstCall/ -- Lender Processing Services, Inc. LPS , a leading provider of integrated technology and services to the mortgage industry, today announced that its President and Chief Executive Officer, Jeff ...
Jacksonville St. tops West Alabama 69-48 - Buffalo NewsJeremy Bynum scored all 17 of his points in the second half to lead Jacksonville State over West Alabama 69-48 Tuesday night. The Gamecocks (1-1) handed coach James Green his first win by building on their 33-27 halftime lead. Bynum missed his first ...
Community Club burns the mortgage on Billard property - Florida Times-UnionMembers of the Mandarin Community Club were thrilled to have Susie Scott, club president, "burn the mortgage" for their Billard property on Nov. 8. The club purchased the property on which the Frederick Billard home once sat in July 1997. When the ...
Provided by Flagler College - Florida Times-UnionThese students, chatting in a lounge, were among the first to attend Flagler when it opened as an all-girls college in 1968. 1887 - Local icon Henry Flagler builds the luxury resort Hotel Ponce de Leon, which eventually becomes Flagler College's ...
Madigan suing a Plainfield company - Herald NewsCHICAGO -- A Plainfield company is among seven "so-called mortgage 'rescue' companies" that were sued Monday by Illinois Attorney General Lisa Madigan. Madigan said the companies were scamming vulnerable homeowners who are on the verge of foreclosure ...
Madigan sues 7 companies over mortgage schemes - St. Louis Business JournalIllinois Attorney General Lisa Madigan sued seven so-called mortgage “rescue” companies late Monday and warned consumers about an alarming rise in these scams that prey on vulnerable homeowners on the verge of foreclosure. Con artists targeted ...
Suthers cracks down on mortgage fraud - Rocky Mountain NewsColorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago. Suthers said that Denver’s Arbor Financial Inc., 5280 ...
Suthers cracks down on mortgage ads - Denver Business JournalThree Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...
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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