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Colorado foreclosures up in February - Denver Business JournalColorado foreclosures up in FebruaryDenver Business JournalFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corp.), two government-chartered groups that buy mortgages, ...and more »
Permanent loan modifications up 45% in Colorado - INDenverTimes.comINDenverTimes.comPermanent loan modifications up 45% in ColoradoINDenverTimes.comThat is consistent with the total increase in the Obama Administration's $50 billion Home Affordable Modification Program, or HAMP, which lowers mortgage ...and more »
Pueblo Politics: McCain links Hayworth to "birthers" - Arizona Daily Star (blog)Pueblo Politics: McCain links Hayworth to "birthers"Arizona Daily Star (blog)... after McCain said he was misled in voting for the bailout of the financial sector as a way to deal with the subprime mortgage crisis. ...and more »
Housing forecast bleak as local economy slips - Pueblo ChieftainPueblo ChieftainHousing forecast bleak as local economy slipsPueblo ChieftainPueblo lost about 1800 jobs last year and fewer than 200 newcomers moved into the area, according to Bamberger. As a result, not even record-low mortgage ...and more »
WELLS FARGO BANK v. KOPFMAN - Leagle.comWELLS FARGO BANK v. KOPFMANLeagle.com3. This court adopted Baum's holding in Mortgage Investment Corp. v. Battle Mountain Corp., 70 P.3d 1176, 1186 (Colo. 2003).
Around your town - Sierra Vista HeraldAround your townSierra Vista HeraldDemocratic Women of Southeastern Arizona will meet at 11 am Tuesday at Pueblo del Sol Country Club. Ted Mouras, a past president of the Friends of the San ...
Giants, A's spring training: 3 hikes - San Francisco ChronicleGiants, A's spring training: 3 hikesSan Francisco ChronicleDave Morris can be reached through the Pueblo Grande Museum at (602) 495-0901 or by e-mail at rckart@earthlink.net. Since opening in 2002, this Scottsdale ...and more »
Affordable-housing project is heartening - Arizona Daily StarAffordable-housing project is hearteningArizona Daily StarOld Pueblo is partnering with La Frontera Inc., a behavioral health agency in Tucson, to build affordable single-family homes and rental homes for seniors ...
United Western Bancorp, Inc. Reports Fourth Quarter and 2009 Annual Results - Business Wire (press release)United Western Bancorp, Inc. Reports Fourth Quarter and 2009 Annual ResultsBusiness Wire (press release)The loss was attributable to four principal factors: (i) a net other-than-temporary impairment (OTTI) charge on non-agency mortgage backed securities of ...and more »
STATE COMPENSATION INSURANCE FUND v. SUPERIOR COURT OF SAN FRANCISCO COUNTY - Leagle.comSTATE COMPENSATION INSURANCE FUND v. SUPERIOR COURT OF SAN FRANCISCO COUNTYLeagle.comUnion Mortgage Co. (1979) 24 Cal.3d 773, 786), and those wrongful acts have continued into this litigation, the Fund argues the statute of limitations has ...

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Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
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