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News about Mortgages:
Treasurer: mortgage takeover helping - San Francisco GateCollateral, including Fannie Mae and Freddie Mac holdings, that backs pooled Nevada bank deposits is up in value following the Bush administration's seizure of the troubled mortgage giants, state Treasurer Kate Marshall says. In a response to Gov ...
Treasurer says federal takeover of mortgage giants improved Nevada ... - KRNVCARSON CITY, Nev. (AP) -- Collateral, including Fannie Mae and Freddie Mac holdings, that backs pooled Nevada bank deposits is up in value following the Bush administration's seizure of the troubled mortgage giants. State Treasurer Kate Marshall, in ...
Ex-mortgage broker draws 30 months in prison in KC fraud scheme - Kansas City StarA federal judge sentenced a former mortgage broker today to 30 months in federal prison for his role in a high-profile fraud scheme. A jury convicted Monty Kinman, 27, in November for his role in a conspiracy headed by Raymond Zwego to purchase a ...
Ex-mortgage broker gets 30 months in high-profile fraud scheme - Kansas City StarA federal judge Thursday sentenced a former mortgage broker to 30 months in federal prison for his role in a high-profile fraud scheme. A jury convicted Monty Kinman, 27, in November for his role in a conspiracy headed by Raymond Zwego to purchase a ...
Backing up for Nevada deposits Collateral increases by nearly 4 ... - Las Vegas Review JournalCARSON CITY -- Collateral, including Fannie Mae and Freddie Mac holdings, that backs pooled Nevada bank deposits is up in value following the Bush administration's seizure of the troubled mortgage giants, state Treasurer Kate Marshall says. In a ...
Enough blame for all to share - Chicago TribuneThe sad truth about speculative bubbles is that no one wants to admit they're in a bubble until the thin skin of excess is shattering over their heads. In past crises, the villains were patently unsympathetic characters. They were S&L hustlers ...
Yale's Shiller Sees `Turning Point' as Lehman, Merrill Go Down - BloombergSept. 16 (Bloomberg) -- When Robert J. Shiller looks at the subprime-mortgage maelstrom, he sees more than Lehman Brothers Holdings Inc. and Merrill Lynch & Co. sliding down the financial drain. He sees parallels to the Treaty of Versailles, the ...
Mortgage defaults increase - San Francisco GateCanucks spoil Selanne's return with shootout win 09.28.08 Sour economy tied to psychology that fed gas panic 09.28.08 House vote is next big hurdle for bailout plan 09.28.08 Sold to US taxpayers for $700B: banks' bad assets 09.28.08 In the Bay Area ...
Archive | An economist's take on the financial crisis, how it happened ... - Seattle TimesWhen Robert J. Shiller looks at the subprime-mortgage maelstrom, he sees more than Lehman Brothers Holdings Inc. and Merrill Lynch & Co. sliding down the financial drain. He sees parallels to the Treaty of Versailles, the Great Depression and the ...
Australia Stocks Preview: National Bank, Newcrest, Qantas, Rio - BloombergSept. 23 (Bloomberg) -- The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed yesterday. Prices are from yesterday's close unless otherwise stated. The S&P/ASX 200 ...

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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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