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Obituaries in the news - Las Vegas SunLOUISVILLE, Ky. (AP) _ Tom Gish, who shone the spotlight on corruption and environmental degradation in his corner of southeastern Kentucky as an award-winning publisher of The Mountain Eagle of Whitesburg for a half-century, has died. He was 82. His ...
Two-alarm fire guts house in western Las Vegas - Las Vegas SunA two-alarm fire gutted a home in the western Las Vegas Valley at about 11:45 p.m. Wednesday, injuring one person, and causing an estimated $750,000 in damage. Las Vegas firefighters arrived at 2900 Channel Rock Drive near Fort Apache Road and Sahara ...
Mortgage cannibals rule - IndependentHannibal Lecter, played by Anthony Hopkins was into cannibalism but not of the mortgage variety FANCY engaging in a bit of cannibalism? It is not as unpleasant as it sounds and it could save a mountain of money and help you clear your mortgage in jig ...
Suthers cracks down on mortgage fraud - Rocky Mountain NewsColorado Attorney General John Suthers on Tuesday announced a wide-ranging crackdown on mortgage fraud-involved settlements with local and out-of-state firms. It marks the biggest resolution of cases since Suthers announced two years ago that he ...
Suthers cracks down on mortgage ads - Denver Business JournalThree Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...
Gas falls below $2 nationwide - Rocky Mountain NewsOnly four months after peaking at an unheard of $4.11 a gallon, the national average price for gasoline tumbled below $2 Friday, its lowest point in more than three years. Yet the global economic contrast between then and now could not be more stark ...
MOUNTAIN'S EDGE: Promised land still unfulfilled Residents say ... - Las Vegas Review JournalA furrowed mountain blocks all but a sliver of morning sun, casting a shadow across a Western-themed park and a cluster of neighborhoods. Filled with new homes, this subdivision in the southwest valley is aptly called Mountain's Edge. Lisa Lethi is ...
On Tap: Play-a-Thon at Mountain Mall and Bigfork Art Walk - Flathead BeaconFriday: Can’t Hardly Playboys at Red’s; Dan Dubuque at The Cottage; Good Wood Trio at Blue Canyon; Kiniption Fit at Great Northern; A Street Band at The Salish; Sonny King at Blue Moon; Mobile Beat DJ at Red’s Saturday: Good Wood Trio at ...
From peak to the pits: Mountain House is treading water - Inside Bay AreaMOUNTAIN HOUSE — The furniture haulers arrive after dark for some families. "It's very sad when you see a moving van coming in the middle of the night because people are embarrassed that they're in foreclosure," said Toni Dalrymple, a Mountain ...
Foreclosure: Don’t Be a Statistic - Mountain NewsThe membership of what may be the fastest-growing club on the local scene is made up of San Bernardino County residents who’ve lost their homes to foreclosure, as the twin nemeses of lost jobs and unwise loans continue taking their toll. But amid ...
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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