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News about Mortgages:
Easton man guilty of bank fraud - WTNH.comBridgeport (AP) - An Easton man has pleaded guilty to a federal charge of bank fraud involving a mortgage fraud case. Fred Stevens, 52, pleaded guilty Tuesday to taking part in a scheme to defraud IndyMac Bank and other federally insured financial ...
Easton man admits role in mortgage fraud scheme - Amity ObserverFred Stevens, of Sherwood Road, pleaded guilty to one count of bank fraud stemming from his participation in a scheme to defraud IndyMac Bank and other federally insured financial institutions, according to Acting United States Attorney for the ...
WESTPORT: Mortgage Broker Pleads Guilty - Hartford CourantA mortgage broker from Westport has pleaded guilty to a charge of bank fraud stemming from his participation in a scheme to defraud IndyMac Bank, a federally insured financial institution based in California , the U.S. attorney's office for ...
UIL Holdings Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.comHello everybody. Thank you for joining us to discuss the UIL Holdings third quarter 2008 earnings results. I am Susan Allen, the Vice President of Investor Relations and the Treasurer. Participating on the call with me today is James Torgerson, UIL ...
Apartment rents remain unchanged - AZCentral.comSAN FRANCISCO - While homeowners may be weathering rising mortgage rates or dropping property values, apartment renters have a bit of relief. Apartment rents, as well as apartment occupancy, across the country were virtually unchanged in the third ...
Apartment rents stable across U.S. - Los Angeles TimesReporting from San Francisco -- While homeowners may be weathering rising mortgage rates or dropping property values, apartment renters have a bit of relief. Apartment rents, as well as occupancy, were virtually unchanged across the country in the ...
Senators Set to Debate Housing Crisis - US News and World ReportWhat Democrats call a housing crisis—and a top Republican labeled a housing slump—stands to be front and center this week as Congress returns from its recess to confront the foreclosure crisis threatening a million or more U.S. homeowners. Senate ...
Standard & Poor's Announces Changes to U.S. Index - Yahoo FinanceNEW YORK, Nov. 7 /PRNewswire/ -- Standard and Poor's will make the following changes to the S&P 500 index: -- Unisys Corp. (NYSE Arca: UIS) will be removed effective after the close of trading on Monday, November 10. As of today's close, Unisys had a ...
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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