Shepherd Mortgage Rates and Information Online from competing Lenders

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Convicted Mich. teen’s mom charged in Ky. slaying - Las Vegas Sun
The mother of a Michigan teenager who fatally poisoned her grandmother with morphine is charged in the unrelated slaying of a Kentucky man. Thirty-three-year-old Tina Adkins was charged this week with complicity to murder Gregory Allen Shepherd ...

Lot owner gets in line on Westwood Hills foreclosure - TradingMarkets.com
Circuit Judge Jeff Hines granted a request from Judy Green of Gulf Shores, Ala., to intervene in the case. According to court records, Green bought a lot in the proposed residential development in January for $75,000, but the deed wasn't recorded ...

Geithner could slow bank-stock assault - CNN Money
NEW YORK (Fortune) -- Betting against bank stocks may soon become much riskier. The stock market enjoyed a massive snapback rally following reports that president-elect Barack Obama will make Timothy Geithner, the president of the Federal Reserve ...

America's Authentic Farm Vacations - Forbes
Homesteading At Shepherd's Hill It all sounds very rustic, but Terie's newly built home is not the typical farmhouse. It features a 20-foot ceiling and expansive windows with views of the bucolic Quechee Valley and Ouakeechee River. Terie has ...

With Chabot’s pull, locals gained ear on Capitol Hill - Business Courier
With Steve Chabot voted out of Congress, ousted by Democratic challenger Steve Driehaus, leaders of Cincinnati small businesses likely have lost a relatively rare opportunity to make their views known on Capitol Hill. A seven-term Republican, Chabot ...

Hard times at nonprofits - Gazette
"The resource center is holding our breath," says Marti Worshtil (right), executive director of the Prince George's Child Resource Center, here with Ashley Majia, 10 months, and Ashley's mother, Sandra Ramirez of Hyattsville. "Our program officer has ...

Billions of particles of anti-matter created in laboratory - SpaceRef
LIVERMORE, Calif. - Take a gold sample the size of the head of a push pin, shoot a laser through it, and suddenly more than 100 billion particles of anti-matter appear. The anti-matter, also known as positrons, shoots out of the target in a cone ...

An economy on the edge - Detroit Free Press
Wall Street kicked investors with another 400-point loss on Thursday after a brutal battering just the day before when the stock market was knocked to its lowest level in more than five years. Now, things look worse. The nation’s unemployment rate ...

A home away from home - Southwest Journal
Some homeowners unable to sell have started listing their properties as vacation rentals; one is fighting the city, which likens her operation to a hotel Carolyn Moore put her home up for sale several times before she decided to move in with her ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Charges of socialism have been thrown around pretty promiscuously in this election, mainly against Democratic presidential hopeful Barack Obama ...

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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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