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News about Mortgages:
Foreclosure auction set for Maui resort - Pacific Business NewsForeclosure auction set for Maui resortPacific Business News... million on a first mortgage and another $227 million in unsecured mezzanine financing. The resort's hotel, formerly known as the Maui Prince Hotel, ...and more »
Former Makena Resort and Maui Prince Hotel up for April auction - Maui NewsFormer Makena Resort and Maui Prince Hotel up for April auctionMaui NewsWells Fargo Bank is acting as trustee for the collection debts owed investors holding the resort's commercial mortgage securities. ...and more »
Veterans, civilians flock to Marine Corps base job fair - Honolulu AdvertiserVeterans, civilians flock to Marine Corps base job fairHonolulu AdvertiserAmong the civilians hoping for a change in fortunes yesterday was Keith Baxter, 60, of Maui. "This is my first job fair," said Baxter, who spoke of making ...and more »
Business briefs - Honolulu Star-BulletinBusiness briefsHonolulu Star-BulletinA minimum bid is not required to start the purchasing for the fee-simple 1800-acre property, which includes the former Maui Prince Hotel. ...and more »
Maui hotel's legal fight: Who pays to upgrade? - Pacific Business NewsPacific Business NewsMaui hotel's legal fight: Who pays to upgrade?Pacific Business News... sued for foreclosure by a Virginia-based fund that took over a $16.5 million mortgage that the investors had borrowed from Central Pacific Bank in 2008. ...
Kamehameha Schools Leases Kaka'ako Property to Cutter Management - Honolulu AdvertiserKamehameha Schools Leases Kaka'ako Property to Cutter ManagementHonolulu AdvertiserKamehameha Schools operates a statewide educational system enrolling more than 6900 students of Hawaiian ancestry at K-12 campuses on O'ahu, Maui and Hawaii ...
Art Nadel Guilty; New hedge fund owner takes over Huffman Aviation - MadCow Morning NewsMadCow Morning NewsArt Nadel Guilty; New hedge fund owner takes over Huffman AviationMadCow Morning News... on lavish trips to places like Cancun and Maui, and made cozy arrangements with developers to make themselves rich no matter how their clients fared. ...
Hawaii jobless rate 6.8% in 2009 - Bizjournals.comHawaii jobless rate 6.8% in 2009Bizjournals.comAll 50 states and the District of Columbia posted statistically significant increases in their unemployment rates in 2009, according to the latest figures ...and more »

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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 |