Doran Mortgage Rates and Information Online from competing Lenders

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Ineptitude over oil shale is frightening - Rocky Mountain News
This just in . . . On the tail of the national mortgage debacle, another example of federal government's ineptitude has surfaced. Apparently, a decision is pending regarding a royalty rate on production of "oil from shale" starting at 5 percent then ...

Eighty Parrish Street marks quarter century - MPNow
Bob Abraham has watched hundreds of neighbors come and go over the last 25 years. He says friends are never in short supply at Eighty Parrish Street Apartments, where he has lived since the day the complex opened. “It’s really a good place to be ...

Shared equity does not lead to full ownership - InsideHousing
Shared ownership is failing to act as a stepping stone to full home ownership, leaving many people in worse positions than if they lived in other types of housing, researchers have found. A Joseph Rowntree Foundation investigation shows that only a ...

Campaign Coffers Swelled As Election Day Drew Near - Berkeley Daily Planet
As election day approached, District 4 council candidate Terry Doran finally saw some of the dollars developer Ali Kashani asked his colleagues to give—though most came from one company, Hudson McDonald. Of the $3,600 in new contributions reported ...

Council agrees to buy golf course clubhouse - Clearwater Citizen
CLEARWATER – The City Council used a pastry metaphor to describe a $2.1 million real estate purchase. The city has owned the donut for years, the council members explained at their Oct. 15 meeting, and now it is buying the donut hole. The “donut ...

Britain faces crisis as negative equity to reach 2 million - Times Online
Collapsing house prices are plunging 60,000 homeowners a month into negative equity, which means the country is on course for a worse crisis than the 1990s crash. At current trends, 2m households will enter negative equity by 2010, outstripping the 1 ...

RNC used bad spending judgment on Palin's wardrobe - Rocky Mountain News
With the election over, the media now focuses special attention on a decision by the Republican National Committee which experienced a lack of publicity during the campaign. But it’s “negative” publicity, dealing with Sarah Plain’s ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Yesterday, as we read what we believed to be a lawyer-free WSJ story, entitled “ How Voter Fury Stopped Bailout ,” we came to this nugget ...

Developers Continue Cash for Council Race Favorites - Berkeley Daily Planet
Development-related contributions continue to pour into the coffers of candidates for next week’s Berkeley city council election, with Mayor Tom Bates in the lead both in total and sector-related contributions. MAYORAL RACE Tom Bates Mayor Tom ...

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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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