Madison Mortgage Rates and Information Online from competing Lenders

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News about Mortgages:

Update: Great Wolf gets extension on Ohio resort mortgage - Wisconsin State Journal
Madison-based Great Wolf Resorts announced that it has received an extension on its $76.8 million mortage on its indoor waterpark resort in Mason, Ohio, while it tries to negotiate an agreement with its lenders. The loan was to have expired Nov. 30 ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

Recent foreclosures filed in Madison County - Telegraph
These are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...

Great Wolf Resorts, Inc. Provides Update on Status of Extension of ... - PR Newswire
MADISON, Wis., Nov. 28 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (NASDAQ: WOLF) , North America's leading family of indoor waterpark resorts, today announced the company remains in discussions with its lenders regarding an extension of the ...

Mason lodge, bank continue talks - Cincinnati.com
The Madison, Wisc.-based company cautioned last month it was having difficulty negotiating an extension of the mortgage despite a $1.5 million positive cash flow and strong bookings in the face of the global credit crunch. Great Wolf said it is ...

Employee of Madison firm killed in Mumbai attacks - Milwaukee Journal Sentinel
Dec. 1, 2008 1:32 p.m. | Madison - One of those killed in last week's terrorist attacks in Mumbai was director of customer relations for Madison-based TomoTherapy Inc. Sam Jeswani of Chicago was killed while traveling in Mumbai on business, according ...

State headlines: Great Wolf scrambles to retain Ohio resort - Biz Times
Madison-based Great Wolf Resorts announced that it continues to talk with its lenders about extending the maturity date on a $76.8 million mortgage on its indoor waterpark resort in Mason, Ohio. Great Wolf could lose the 2-year-old Ohio resort, which ...

Lower US Mortgage Rates Lift Application Demand - CNBC
Lower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With average 30-year fixed loan rates ...

REFILE-Lower US mortgage rates lift applications demand - Forbes
NEW YORK, Nov 26 (Reuters) - Lower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With ...

Home sales in October down from '07 figures - News-Democrat
Home sales in St. Clair and Madison counties remained low last month compared with previous October sales. The Realtor Association of Southwestern Illinois reported 206 sales last month in St. Clair County after recording 224 in October 2007 and 251 ...

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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