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Mortgage Rates Steady - The LedgerMortgage Rates SteadyThe LedgerPETERSBURG | A high school band director was arrested Thursday on charges that he molested a student. Raphael J. McLean, 26, of Tampa, a band director at ...and more »
What 15 Journalists Took Home from South by Southwest - Poynter.orgPoynter.orgWhat 15 Journalists Took Home from South by SouthwestPoynter.orgMatt Waite, senior news technologist, St. Petersburg Times Maybe what our online business model needs isn't more whiz-bang, but some simplicity. ...and more »
Builder with $1.1 million contract with Workforce Alliance sold house to the ... - Tampabay.comTampabay.comBuilder with $1.1 million contract with Workforce Alliance sold house to the ...Tampabay.comSierra told the St. Petersburg Times he did nothing wrong. But he acknowledged that "authorities" have questioned him about his business ties to Workforce ...
Foreclosure mediation program slow to start in bay area - Tampabay.comForeclosure mediation program slow to start in bay areaTampabay.comBut in many cases, banks just service loans owned by distant investors and have no final say, said Matt Weidner, a St. Petersburg lawyer who defends ...and more »
View from the mortgage modification trenches - FierceFinanceView from the mortgage modification trenchesFierceFinanceThe St. Petersburg Times notes the Florida Attorney General's Office has fielded 486 complaints about Bank of America--more than it has about any other ...and more »
Fannie, NattyMac Arrange Warehouse Funding - MortgageorbFannie, NattyMac Arrange Warehouse FundingMortgageorb... Partners LLC have established a program to help fund mortgage companies through Guggenheim's wholesale lending subsidiary, St. Petersburg, Fla. ...Fannie Pledges $1bn to Guggenheim Partners Warehouse LenderHousing Wireall 849 news articles »
Natty Mac Garnering GSE Warehouse Support - Inside Mortgage FinanceNatty Mac Garnering GSE Warehouse SupportInside Mortgage FinanceNatty Mac, a warehouse lender based in St. Petersburg, FL, is finding success in drumming up support from Fannie Mae and Freddie Mac. ...and more »
Putin Tightens Mortgage Policy - The Moscow TimesThe Moscow TimesPutin Tightens Mortgage PolicyThe Moscow TimesStandard mortgages will have a cap of 8 million rubles for housing located in Moscow and St. Petersburg and 3 million rubles for the rest of the country, ...Russia to support low-cost mortgage lendingRTall 591 news articles »
Broward commissioners target Big Banking for role in mortgage crisis - istockAnalyst.com (press release)Broward commissioners target Big Banking for role in mortgage crisisistockAnalyst.com (press release)They also referenced a St. Petersburg Times story from February about Bank of America foreclosing on the wrong house. According to information from Bank of ...and more »
When prized tenant leaves shopping center, other retailers suffer - Tampabay.comTampabay.comWhen prized tenant leaves shopping center, other retailers sufferTampabay.comAfter 20 years in the same St. Petersburg shopping center, Kathleen's Expert Alterations struggled through the ...
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 refinance 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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