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News about Mortgages:
Four charged in N.C. mortgage fraud scheme - Triangle Business JournalFour Cumberland County residents have been charged with conspiracy and wire fraud in a mortgage fraud case, the U.S. Attorney’s office in Raleigh said Monday. A federal grand jury returned criminal indictments against Terri J. Hart, 45; April Hall ...
Answers For NJ Residents Facing Bankruptcy and Foreclosure - WebWireNew Jersey residents whose homes are about to go into foreclosure may seek refuge by filing for bankruptcy. Furthermore, mortgage companies cannot prevent an individual from filing bankruptcy protection. Immediately upon filing a bankruptcy petition ...
Program seeks to keep 'em in Glassboro - Bridgeton NewsGLASSBORO People who work in Glassboro may soon be able to apply for low-interest mortgage loans to buy homes here Ð part of a state program that is being adopted by other communities throughout New Jersey. The borough council approved a resolution ...
Rental foreclosures hard to gauge - Patriot-News BlogsGARY DWIGHT MILLER, The Patriot-News Samantha Paulus has been told to leave the Williamstown apartment she shares with her boyfriend and 3-year-old son. Property owner Cory Johns of Elizabethville has given hundreds of tenants less than a month to ...
Snyder named CEO, president of The Bank - Bridgeton NewsAngela M. Snyder has been promoted to chief executive officer and president of The Bank, the $2 billion financial institution with 43 offices across the region, including several here in Salem County. In her new position, she will be responsible for ...
Texts being customized; reactions are mixed - Knoxville News SentinelRebecca Johnson, a pre-veterinary sophomore from Houston, Texas, left, and Izabela VanDeest, an accounting junior from Poland, use a laptop to check the books they need at the UT Book & Supply Store. The customized texts in front of them are ...
What You Should Buy--And Sell - CNBCWho's making the most money? The list varies from doctors to airplane pilots, but those looking for high pay may want to look in the medical field, which dominates the list. With the markets so volatile, many investors might be tempted to head for ...
Inside Politics: Tougher rental inspections on hold - Fayetteville ObserverA proposal to charge landlords $125 per inspection in a city where nearly half of the population rents sparked discussion among the City Council this month. The idea of the city inspecting rental properties without any complaints or obvious code ...
Business Observer - Fayetteville ObserverSabrina Barr has been appointed by Legacy Healthcare Services as rehabilitation services director of Highland House, which provides nursing and assisted living care. Barr is a speech-language pathologist with 12 years of experience in the evaluation ...
Tennessee News - WATEAn investigation into a state trooper has found that he accessed background information on 182 people. Former Hawkins County math teacher and basketball coach Michael Eugene Noel, 38, has been sentenced to 26 years in prison for having over 9,000 ...

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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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