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AmeriDream Points to Overlooked Economic Solution - PR NewswireGAITHERSBURG, Md., Dec. 4 /PRNewswire-USNewswire/ -- Ann Ashburn, President of AmeriDream, Inc., released the following statement in response to this week's news from the National Bureau of Economic Statistics that the U.S. economy is in a recession ...
Pearlstein: A Sad Day - Washington PostWith no disrespect meant to Capital One , yesterday's sale of Chevy Chase Bank was a sad day for Washington and the Washington business community. Over the past 30 years, Frank Saul has built Chevy Chase into what is arguably the best banking ...
Bargain Hunters Help Shrink Housing Glut - Wall Street JournalLower home prices are luring some buyers back into the U.S. housing market, but foreclosures and a weakening economy are likely to keep downward pressure on prices for at least another year, economists say. A quarterly Wall Street Journal survey of ...
AmeriDream Responds to Greenspan Testimony - PR NewswireGAITHERSBURG, Md., Oct. 23 /PRNewswire-USNewswire/ -- Ann Ashburn, President of AmeriDream, Inc., today released the following statement in response to former Federal Reserve Chairman Alan Greenspan's testimony before Congress regarding the current U ...
AmeriDream Applauds Report by American Enterprise Institute Fellow ... - PR NewswireGAITHERSBURG, Md., Sept. 16 /PRNewswire-USNewswire/ -- Ann Ashburn, President of AmeriDream, today praised a new report by Alex Brill, a fellow at the American Enterprise Institute, that casts doubt on the accuracy of data used by the Bush ...
National Football Conference News Stories - Atlanta Journal ConstitutionALLEN PARK, Mich. — Former Michigan quarterback Drew Henson was re-signed Friday to the Detroit Lions' practice squad... Giants lineman charged with DWI (11/14/2008) LITTLE FALLS, N.J. — New York Giants offensive tackle Kareem McKenzie was ...
August Home Sales Surge Thanks in Part to Downpayment Assistance - Biloxi Sun HeraldGAITHERSBURG, Md., Oct. 16 -- The surge in U.S home sales in August coincided with a 208% increase in the number of homebuyers using AmeriDream's downpayment assistance (DPA) program to achieve homeownership. The dramatic increase in DPA use occurred ...
ZDNet Must Read: - ZDNet BlogsLast week, I bought a Dell Mini 9 preloaded with Ubuntu. The idea: Check out a netbook and take Ubuntu for a spin. The early reaction: Netbooks can be handy,... Continued » Amazon Web Services on Tuesday launched CloudFront, a pay-as-you-go content ...
News By You - citizenet.comLike most home buyers, when Lanor and Diane Smith purchased their five-bedroom South Riding colonial in 2006 for $867,143, they never imagined its value could sink so far, so fast. But that was before they put it back on the market earlier this year ...
Final push in GOP land - Times-ArgusSen. John McCain and Sen. Barack Obama began their final push for the White House on Saturday, returning to the themes that had marked their candidacies, with Obama calling for a break from the Bush era and McCain challenging Obama's credentials to ...
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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