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News about Mortgages:
Mortgage-tax revenue slips down - Press RepublicanMALONE — Franklin County took in about $60,000 less than last year in mortgage-tax fees in its April-to-September billing cycle. But there was still more than $285,000 in property-transaction fees disbursed to its municipalities to spend. Under ...
Economic woes force more people to give up their pets - NewsdayNo matter what kind of day John was having, Pumpkin was there to cheer him up. "Every time I came home, it was almost like you could see a smile on her face," said the Centereach man. "The unconditional love that you get, it makes you feel young. And ...
People in Business - Nashville TennesseanTennessee State Board of Accountancy has announced candidates who are Nashville residents who passed the Uniform Certified Public Accountant examination: James N. Lane, April L. Mitchell and Chandar A. Reed of Antioch; Robert A. Argo, Amy E. Mitchell ...
Wild rally, beat Lightning 4-2 - FOX NewsST. PAUL, Minn. — Marc-Andre Bergeron assisted on a pair of goals early in the third period as the Minnesota Wild rallied to beat the Tampa Bay Lightning 4-2 on Friday afternoon. With the Wild trailing 2-1, Bergeron's slap shot was tipped by James ...
Uh they got most of that back buddy, try to keep up with events. That ... - Globe and MailTony . from Waterloo, Canada writes: K. Anderson from Canada writes: 'I understand that the auto industry is a large part of the Ontario economy' You know, from all the talk you might think that vehicle manufacturing is the only thing Ontario does ...
Red Cross names Malone director of local chapter - Brownwood BulletinShe previously worked at Citizens National Bank, where she did marketing in the mortgage department. She said her duties included advertising, public relations and event planning. Malone replaces Minessa Mesic, who resigned in July as executive ...
Mortgage lender accused of fraud - NewsdayFederal officials Wednesday filed a lawsuit against a Carle Place mortgage lender, accusing Madison Home Equities Inc. and its president of fraud in the handling of federally insured loan applications. In a 40-page complaint filed in federal court in ...
US home lenders moan, endure protests at gathering - ReutersSAN FRANCISCO, Oct 21 (Reuters) - At a conference marred by protesters and poor attendance, U.S. home lenders gathered grim-faced over the last three days to take stock of a once high-flying industry battered by a record housing downturn. The easy-to ...
U.S. Sues Lender, Alleges Fraud in Insured Loans - Wall Street JournalFederal prosecutors in Brooklyn sued a Long Island mortgage lender and its president on Wednesday to stop it from writing loans insured by the Federal Housing Administration, saying they submitted false mortgage-insurance applications for more than ...
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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