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South Florida Foreclosures Up Over 325% From October 2007 - All Headline News
Mt. Pleasant, PA (AHN) - Pre Foreclosure statistical analysis company Default Research says South Florida foreclosures are up 325 percent from October 2007, with Miami-Dade County leading. However, there was a bright side to the news, in that the ...

Terps rally helps UM - Fort Lauderdale Sun-Sentinel
Playing on a wet field, facing a tough North Carolina defense and starting 82 yards from the end zone, Maryland desperately needed a score to keep alive its run of success against ranked teams. Chris Turner made it happen, engineering a dramatic 19 ...

S. Fla. foreclosures continue to rise - South Florida Business Journal
Default Research, a provider of South Florida pre-foreclosure listings, reported on Thursday that there were 13,298 South Florida lis pendens related mortgage foreclosures recorded in September, up more than 13 percent from August. Nearly 4 percent ...

Schools, journals, physician groups fight drugmaking industry ... - Fort Lauderdale Sun-Sentinel
Closing arguments have started in the trial of a Washtenaw County sheriff's deputy accused of using excessive force during a fatal traffic stop. A federal jury in Detroit is expected to receive instructions later Monday before deliberations begin ...

Broward Center for the Performing Arts - Hartford Courant
The Broward Center for the Performing Arts is the first example of the modern performing arts center to open in South Florida, making its debut in February, 1991 with the national tour of the smash Andrew Lloyd Webber musical "The Phantom of the ...

DeFede: What To Watch On Election Night - CBS 4 South Florida
MIAMI (CBS4) ― Before heading out to those election night parties, it is always a good idea to brush up on a few thoughtful insights that you can trot out to impress those around you while you await returns. Here are a few things to keep an eye on ...

Capital Sources - Daily Business Review
lthough South Florida-based community banks have so far avoided failure, their collective fortunes continue to weaken, according to Coral Gables-based BauerFinancial’s quarterly report on the financial health of the nation’s banks and credit ...

Public Notices - Amityville Record
NOTICE OF SALE SUPREME COURT - COUNTY OF SUFFOLK LASALLE BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE STRUCTURED ASSET INVESTMENT LOAN TRUST 2005-2 c/o America's Servicing Company Plaintiff, AGAINST ANDREW HAGANS, et al. Defendant(s) Pursuant to a ...

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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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