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Fraud pleaded in mortgage cases - Inside NovaSeveral area residents pleaded guilty to mortgage fraud in two separate cases with ties to Prince William County. Two brothers admit taking part in a million-dollar mortgage fraud scheme, say federal prosecutors. Mohammed Rababeh, 29, of Vienna and ...
Housing and Urban Planning - Chicago TribuneBethlehem has begun the process of a fundamental revamping of the city's zoning process, with changes that would affect day-care center operations, electronic signs, converting homes to apartments, and the size of the zoning board. City Council held ...
Mortgage lenders in Utah not flooded with calls - Salt Lake TribuneThe federal takeover of Freddie Mac and Fannie Mae didn't set off a wave of calls to the Utah Mortgage Lenders Association or to mortgage lenders in Salt Lake City. "We haven't had any telephone calls from mortgage holders asking what it means to ...
Rental Service - Chicago TribuneTwo new Lady Lake shopping centers are expected to have their grand openings Tuesday, according to the Benchmark Group of Amherst, N.Y., developer of the two open-air projects. Village Crossroads of Lady Lake is a 160,000-square-foot center anchored ...
Missoula mortgage refinancings have doubled - MissoulianBorrowers have triggered a refinancing boomlet for Missoula lenders in the last few weeks as mortgage rates hover around 6 percent or less. Rates are expected to skip around between 5 percent and 6 percent as the Federal Reserve, which meets next on ...
State Attorney General suing several Central Florida companies in ... - Orlando SentinelTALLAHASSEE - State Attorney General Bill McCollum said Thursday his office was suing several Central Florida companies over a mortgage fraud scheme in which they allegedly siphoned off millions of dollars from dozens of home mortgage loans. The ...
Plano bank takes over mortgage offices to enter Houston market - Houston Business JournalGerry Taylor of ViewPoint: Company’s strategic plan includes Houston and Austin. A Metroplex bank in the process of establishing a toehold in Houston is already looking forward to future regional expansion. ViewPoint Bank , part of Plano-based ...
Mortgage workshops set for at-risk homeowners - Chicago Sun-TimesWorkshops designed to help homeowners at risk of losing their homes or already in foreclosure restructure their mortgages into affordable home loans will kick off in Cook County this weekend. The Neighborhood Assistance Corp. of America, which ...
Mortgage Seekers Find Rates Are Down, Credit Tighter (Update1) - BloombergSept. 16 (Bloomberg) -- U.S. mortgage rates are dropping. Good luck getting a loan. Existing home prices have fallen 7.7 percent since their July 2006 high and rates dropped below 6 percent last week for the first time in more than three months. The ...
John McCain on the mortgage crisis: "Any assistance must be temporary" - Salon"It is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." Editor's note: John McCain addressed the mortgage crisis at the Orange Country Hispanic Small Business Roundtable on ...

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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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