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Mortgage Rates Dropping - Should I Refinance? - WBZ-TVBut mortgage lenders warn, there are still a lot of desperate lenders out there, so buyer beware. Amy Tierce of Fairway New England Mortgage in Needham, says, "Don't just call asking for rates. Ask questions, and find out what is the best deal." She ...
Constant Contact Inc Q3 2008 Earnings Call Transcript - Seekingalpha.comRichard Davis - Needham & Co. Peter Goldmacher - Cowen & Co. Good afternoon and welcome to Constant Contact’s Investor Conference Call for the third quarter ended September 30, 2008. I am Jerry Sisinski, Director of Investor Relations at Constant ...
Vital Images, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comRichard Close – Jefferies & Co. Richard Davis – Needham & Co. Sean Wieland – Piper Jaffray Ernest Andberg – Feltl & Co. Good day ladies and gentlemen, and welcome to the Vital Images third quarter earnings conference call. At this time, all ...
Megliola: A respite from life's realities - MetroWest Daily NewsSo, you say the world is too much for you. You feel you're being smothered. Joy and optimism have been snapped like a twig, replaced by worry, even panic. The economy. Distant wars that still takes lives before they've really got going. CEOs living ...
Case over for blast victims - Boston GlobeKaren Savini saw two homes destroyed in a chemical explosion at a factory in Danversport two years ago, costing her thousands of dollars and saddling her with several hundred thousand dollars in new mortgage debt. But she expects to get only about 20 ...
Job losses at civil engineering group - East Anglian Daily TimesSUFFOLK-based civil engineering group J Breheny Contractors is to make around 10 people redundant following a downturn in work from housebuilders. Breheny, which is based at Creeting St Mary, near Needham Market, and also has operations in ...
Mass. house sale prices fall 15.6% - Boston GlobeMedian house prices dropped below $300,000 last month in Massachusetts for the first time in five years - and the economic downturn is expected to push prices down even further. The state's housing market last summer was showing signs of a turnaround ...
Latest News - dBusinessNews.comNorthShore Capital Advisors Named One Of BusinessTN Magazine’s 2008 Hot100 KNOXVILLE, TENN. — Greg W. Needham, vice president of marketing ... Louisiana-Pacific Corporation Outlines Additional Actions to Reduce Costs, Manage Cash NASHVILLE ...
One In 7 Owe More Than Home Worth - Boston ChannelThe report said 14.1 percent of homeowners are what the industry calls “underwater,” meaning their home has negative equity. “It’s not great news for Boston, because negative equity can be a precursor to foreclosure,” Zillow spokeswoman ...
Drama department dials up the 1970s for fall production - Hot Springs StarHOT SPRINGS - “Disco Fever,” a mystery/comedy by Craig Sodara, will be presented by the Hot Springs High School Drama Department on Nov 20 and 21. Performances will begin at 7 p.m., in the Mueller Civic Center Theatre. This play is produced by ...
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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