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News about Mortgages:
Recent foreclosures filed in Madison County - TelegraphThese 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. 08CH1197: Charles R. Teague, Stephanie D. Teague and others, 104 ...
Ex-First Magnus workers struggle to find equal pay - Arizona Daily Star1996: First Magnus Financial Corp. opens in October with 12 employees. 1997-1998: First Magnus starts expanding rapidly in Southern Arizona and later throughout the country. 2004: First Magnus completes a 75,000-square-foot national headquarters ...
Busted Bubble - Common DreamsOver the summer, the country's two mortgage giants, Fannie Mae and Freddie Mac, collapsed, marking the definitive bursting of the housing bubble that began in the mid-1990s. Although it was the second major economic bubble in less than a decade, most ...
Tucson economic misery stressing relief agencies - Arizona Daily StarSusan Jean's action echoes of the Great Depression. When she can, the retired Tucsonan hangs a small bag of food on a fencepost near her home at East Grant and North Country Club roads. Within an hour or two, she said, the bag is gone. Faith leaders ...
Petrohawk Energy Corp. Q3 2008 Earnings Call Transcript - Seekingalpha.comPetrohawk Energy Corporation (HK) Q3 FY08 Earnings Call November 6, 2008, 10:00 AM ET Executives Floyd C. Wilson - Chairman, President and Chief Executive Mark J. Mize - EVP, CFO and Treasurer Richard K. Stoneburner - EVP and COO Analysts David ...
GOP's trickle-down theory doesn't benefit workers who make products - Canton Repository• Latest Videos, Slideshows, Audio... What do attorneys and CEOs produce? Nothing; it is the workers who make a product. This is not to say there is no use for these people in a free society. We need people who know the rules for litigation, can ...
State senate candidate faced slew of lawsuits - Corbin Times-TribuneThough he’s funded more than $15,000 of his own campaign, State senatorial candidate Michael “Whitey” Adkins appears to owe quite a bit of money to businesses and landowners across the region. Adkins has had at least 20 judgments against him in ...
Wild Card -- Weekend - Spokane Spokesman-ReviewOnly 3 more days until we get after it again in the new year. I hope you're enjoying yourselves as 2005 comes to an end. If you have some thoughts on the old year or resolutions for the new one, you can post it here. Or start your own thread. Or wait ...
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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