Corona Mortgage Rates and Information Online from competing Lenders

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Homeowner Survey Says Countrywide is the Worst Mortgage Servicer in ... - PR Newswire
CORONA, Calif., Nov. 26 /PRNewswire/ -- In the current mortgage and foreclosure crisis, the data and feedback from actual homeowners in regards to outreach and customer service by mortgage servicers during the loan workout process is crucial ...

Foreclosures, Delinquencies Among 'Prime Borrowers' Are Skyrocketing - Free Internet Press
By this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, unlike the shaky, variable-rate ...

Housing crisis spills into ‘prime’ market (LAT-WP) - Peninsula
By this year, the bleeding housing market had drained the equity from Judy Jones’ home in Murrieta, California, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875 percent, unlike the ...

Defaults on prime loans spread - Idaho Statesman
By this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, Calif. But her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875 percent, unlike the shaky ...

Hard times mean leaner Thanksgiving dinners - Inland Newstoday
CORONA--For Bridget Smith and her family, Thanksgiving is going to be different this year. For one thing, they might not have a dining room table. Smith, a Corona, Calif., mother of four, is putting her family's furniture up for sale on Craigslist in ...

Orange County: foreclosures 45% of inventory - Los Angeles Times Blogs
Foreclosed properties and "short sales" --homes for sale at less than the outstanding mortgage amount-- now comprise 45% of listings in Orange County, according to an analysis of listing data by Aliso Viejo broker Steven Thomas. Santa Ana remains the ...

Foreclosures, delinquencies skyrocketing among 'prime' borrowers - Los Angeles Times
By this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, unlike the shaky, variable-rate ...

I.E. Bizzwire - Inland Valley Daily Bulletin
The San Bernardino Macy's is partnering with the Make-A-Wish Foundation to support Make-A-Wish's Believe Campaign. The fundraising campaign, which continues through the end of the year, is based on the famous "Yes, Virginia" letter from 1897. At the ...

Joseloff leads second meeting on affordable housing - Westport Minuteman
First Selectman Gordon Joseloff pressed on this week with his oft-stated goal of increasing affordable housing in Westport as he lead a team of public officials in presenting a conceptual plan for 104 new affordable housing units at town-owned land ...

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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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