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Meg Farris explains FEMA assistance program - WWL-TVRegister with FEMA. You can call 1-800-621-3362 or register on the Web site – www. fema.gov. They will ask for your property damage, name, address, social security number and then they will get an inspector out to assess your home. If you feel like ...
No subprime slump - Baton Rouge AdvocateBidders gather at the Governmental Building, where the Sheriff's Office auctions off foreclosed property. Despite problems in many U.S. markets, the Baton Rouge area has not seen a dramatic increase in foreclosures tied to subprime loans. The ...
SWBC buys 15 branches from Home Loan Corp. - San Antonio Express NewsSouthwest Business Corp. has acquired 15 home mortgage branches from Texas lender Home Loan Corp. and expects to double its loan origination over the next 18 months to $1 billion. SWBC hired 114 employees at the branches in Texas and three other ...

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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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