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News about Mortgages:
Citigroup Considering Options to Right Ship - Smart MoneyNEW YORK (Dow Jones) -- Executives at Citigroup Inc. (C), faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or even selling the company outright, according to people familiar with the ...
Hudson City Bancorp, Inc. Did Not Participate in Capital Purchase ... - EarthtimesAuthor : Hudson City Bancorp, Inc. PARAMUS, N.J. , Nov. 17 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. (Nasdaq: HCBK), announced today that it did not participate in the Capital Purchase Program (the "CPP") that was established as part of the ...
CUCKOO FOR CO-OPS - New York PostWhen Tom Mangne entered his co-op board interview, he thought he'd anticipated everything. He'd secured a mortgage for the $450,000 Hudson Heights apartment he wanted. He'd submitted his tax returns. He'd forked over his credit card statements. He'd ...
NOTICE OF FORECLOSURE SALE: Case No. 08-CV-515 - Hudson Star-ObserverDEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, in trust for the registered holders of Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series ARSI 2006-M3, Plaintiff, vs. DENNIS L. GATZKE and JANE DOE, unknown spouse of ...
Judge to parents: Leave sect, get kids back - Las Vegas SunA judge has told parents of two teenage girls removed from the Tony Alamo Christian Ministries compound that they can have their children back if they sever ties with the community. They were among six girls taken from the compound in a raid on Sept ...
Condo buyers should prepare for 'phantom' rent - Globe and MailWhen is a mortgage payment not a mortgage payment? Move into a newly completed condominium and you are likely to find out. Reader Dennis Melnbardis raised the question in a recent e-mail. He ran into this vexing situation head on. "[It] was a great ...
Dover Town Board trims budget to 2.8% - Daily Freeman & Sunday FreemanDespite making some cuts that board members deemed unsavory, members of the board said that they were very happy to be able to come up with a document that boasts one of the lowest tax increases in Dutchess County. After holding a public hearing on ...
Texas executes man who killed ex-girlfriend - Las Vegas SunTexas executed a killer Thursday who was on parole when authorities say he stabbed his ex-girlfriend in a jealous rage after beating down the door to her Dallas-area apartment nearly a decade ago. Before being put to death, Robert Jean Hudson ...
NOTICE OF SHERIFF’S SALE: Case Number: 08-CV-465 - Hudson Star-ObserverU.S. Bank, National Association, as assignee of Mortgage Electronic Registration Systems, Inc., acting solely as nominee for Centennial Mortgage and Funding, Inc., a national banking association, Plaintiff vs. John S. Bonhus and Lisa A. Bonhus ...
News, sports, living, entertainment and political columns - Bridgeton News• New Jersey Devils vs. Washington Capitals • New Jersey Devils vs. Washington Capitals • New Jersey Devils vs. Washington Capitals In this video commentary, Assembly members Anthony Chiappone (D-Hudson), Pamela R. Lampitt (D-Camden), members ...
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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