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News about Mortgages:
From the police report... - Spokane Spokesman-ReviewState Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...
Mortgage tax receipts - Daily Freeman & Sunday FreemanCommissioner of Finance William Carlin went further: "In all my 20 years in county government, I've never seen economic conditions so bad. The fall off in our mortgage tax revenue is indicative of the huge problems with housing and the economy at ...
Mortgage-fraud ringleader sentenced to 15 years - Columbus DispatchThe ringleader of a mortgage-fraud team was sent to prison for 15 years today after he and seven others were found guilty of defrauding lenders out of more than $1.1million in property loans. Kim Anderson, 46, of Powell, was found guilty by a ...
Churches, temples building faith in the crumbling economy - Danbury News-TimesAfter years of trying to wedge one more chair into a shoebox turned sanctuary in Brewster, N.Y., Rabbi Solomon Acrish and others began looking at plans for a new temple in the mid-1990s. Acrish, the rabbi at Temple Beth Elohim for the past 42 years ...
Massive mortgage squeeze - bbcNet new mortgage lending is likely to fall to less than zero next year, according to a report commissioned by the Treasury from Sir James Crosby, the former chief executive of HBOS, owner of the Halifax. Sir James is warning that as homeowners are ...
Animal Crossing: Wild World Hints XXXVII (DS) - SoftpediaAnimal Crossing: Wild World features a very minimal plot. The objective of the game is to pay off a debt to Tom Nook, who allows the player to move into a house he owns. If the mortgage is paid off, the player's house will expand until upstairs, left ...
Ringleader sentenced to 15 years - Columbus DispatchThe ringleader of a mortgage-fraud team was sent to prison for 15 years yesterday after he and seven others were found guilty of defrauding lenders out of more than $1.1 million in property loans. Kim Anderson, 46, of Powell, was found guilty by a ...
Every inch their own home - Pittsburgh Post-GazetteBoard members of the McKeesport Neighborhood Initiatives, from left, Waliyyuddin Muhammad; Sheryl Ward, consultant for McKeesport Weed and Seed; Lani Temple, MNI executive director; and Sheryl Sears, treasurer, stand in front of one of the four new ...
City tax rate discussed - Alpine AvalancheTwo citizens showed up at Tuesday evening’s brief Alpine City Council meeting to speak at the second public hearing on a proposal to increase tax revenues. The city proposes to adopt a rate of 55 cents per $100 valuation. If the rate is approved ...
Age-restricted units have potential buyers - Waterbury Republican-AmericanPlenty of people want to buy homes in age-restricted developments, but sales are slow because potential buyers are having trouble selling homes they already own. Activity at age-restricted developments across the state is strong in spite of the ...
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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