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5 states rush plans for $1.5B in housing funds - The Associated PressTampa Tribune5 states rush plans for $1.5B in housing fundsThe Associated PressRosen suggested allowing the value of a home that is worth less than the homeowner owed to be written off, replacing that amount with a second mortgage that ...Report: States rush plans for federal fundingCredit.com NewsMichigan Planning to Help Residents Facing Foreclosure9&10 NewsFighting ForeclosureWILX-TVABC12.com -Mortgage Rates & Trends (blog) -Michigan Messengerall 189 news articles »
Former Nevada Businessman Indicted for Mortgage Fraud - KLAS-TVFormer Nevada Businessman Indicted for Mortgage FraudKLAS-TVLAS VEGAS – A federal grand jury on Wednesday indicted a former Nevada investment company owner for mortgage fraud. Authorities say Brett Depue spearheaded ...Grand jury today indicts company owner, employees for alleged mortgage fraudLas Vegas Sunall 6 news articles »
How a loan modification can help save your home - KTNV Las VegasHow a loan modification can help save your homeKTNV Las VegasContact 13 spoke with Summers the day President Obama came to Southern Nevada to announce he was pumping $100 million into our state to keep struggling ...
Chase opens 2nd Homeownership Center - Bizjournals.comChase opens 2nd Homeownership CenterBizjournals.comJPMorgan Chase & Co. opened its second Homeownership Center this week in Arizona to help struggling families handle mortgage payments. ...and more »
Some homeowners facing the prospect of repeated foreclosures - Los Angeles TimesLos Angeles TimesSome homeowners facing the prospect of repeated foreclosuresLos Angeles TimesThey aren't alone: Flimsy lending practices mean that thousands of other borrowers face the prospect of repeated foreclosures, mortgage and foreclosure ...
Calif. politics has short sellers facing big bills - The Associated PressCalif. politics has short sellers facing big billsThe Associated PressWith less than a month until tax filings are due, struggling Californians who received mortgage modifications or lost their homes in short sales or ...and more »
RPT-US foreclosures drop 2nd straight month in Feb-RealtyTrac - ReutersBoston GlobeRPT-US foreclosures drop 2nd straight month in Feb-RealtyTracReutersNEW YORK, March 11 (Reuters) - US mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest ...Feb. foreclosure filings at year-over-year lowPhiladelphia InquirerNew round of foreclosures threatens housing marketWashington PostWeather, Mortgage Redos Slow Foreclosure Filings in FebruaryeCreditDaily.comThe Associated Press -New York Daily News -Press-Enterpriseall 776 news articles »
Foreclosed Homes on the Rise - Wall Street JournalForeclosed Homes on the RiseWall Street Journal... are behind on mortgage payments or in the foreclosure process. Foreclosures are heavily concentrated in a few states, notably Florida, Arizona, Nevada, ...and more »
Cohen Milstein and BuckleySandler Feud Over Homebuilder Case - The BLT: Blog of Legal TimesCohen Milstein and BuckleySandler Feud Over Homebuilder CaseThe BLT: Blog of Legal TimesA pair of mortgage fraud investigations in Arizona and Nevada has given rise to an angry spat between two high powered DC law firms. ...and more »
Foreclosure Inventory Is Increasing - International Business TimesForeclosure Inventory Is IncreasingInternational Business TimesAnalysts at Barclays Capital estimated that banks and mortgage investors held about 645800 foreclosed homes in January, up 4.6 percent from December. ...Supply of Foreclosed Homes on the Rise AgainBefore It's Newsall 2 news articles »

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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 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.
View all Terms |