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News about Mortgages:
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Chile stocks fall with global markets, peso gains - ReutersSANTIAGO, Nov 12 (Reuters) - Chilean stock indexes fell on Wednesday after the U.S. Treasury backpedaled on rescue plans and global recession fears rose, while the peso firmed after the central bank auctioned $332 million in loans to banks. Chile's ...
The Weird Thing - San Francisco GateBefore Hoffman can talk about his starring role in the film, which premiered at the Toronto Film Festival, he must have breakfast. He devours scrambled eggs, Canadian bacon, and home fries drenched in ketchup. At the pace he's eating, it is ...
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This spread is too thin to cover costs - Atlanta Journal ConstitutionSpread the wealth? Thanks, but for me and other ordinary Americans, spreading the wealth is an individual prerogative, not a pocketbook authority we’d willingly hand over to a spendthrift Congress led by a like-minded Barack Obama administration ...
Despite Oscar win, actor prefers low-budget films - Columbus DispatchPhilip Seymour Hoffman is the artistic director of a New York stage company, and his substantial theater background mirrors that of his character in the new film Synecdoche, New York . Caden Cotard starts out middle-aged and ends up old, his career ...
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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