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News about Mortgages:
Four indicted on charges of mortgage fraud at Salem company - Eagle TribuneFour indicted on charges of mortgage fraud at Salem companyEagle Tribune, MA - 9 hours agoThe office in Salem where the Ryders worked did not fall under the jurisdiction of the New Hampshire Banking Department, which oversees non-bank mortgage ...
2 men charged in fraud scheme - Nashua Telegraph2 men charged in fraud schemeNashua Telegraph, NH - 13 hours agoThe Ryder brothers operated M&M Mortgage Consulting in Salem, and they are accused of defrauding Countrywide Home Loans as well as Bear Stearns Residential ...2 NH brothers charged in mortgage fraud case WCAXall 7 news articles
Salem doctor sentenced to 120 days in jail in drugs-for-sex case - Daily HeraldSalem doctor sentenced to 120 days in jail in drugs-for-sex caseDaily Herald, UT - 11 hours agoHe now makes only $400 each week, as his medical license was taken away, and two of his children work to help pay the mortgage and utility bills. ...
New CEO at BB&T takes over position - TMCnetNew CEO at BB&T takes over positionTMCnet - Jan 6, 20093--Kelly S. King assumed his new role as CEO of Winston-Salem, NC-based BB&T Corp. on Friday. He succeeds John Allison, who retired Dec. ...
Smith Phillips Building Supply Supports Housing Recovery Plan - Carolina Newswire (press release)Smith Phillips Building Supply Supports Housing Recovery PlanCarolina Newswire (press release), NC - 13 hours agoCongress then passed a short-term $2000 tax credit for all new homes ($12000 adjusted for today's median home prices) along with subsidized mortgage rates. ...
GMAC still looking at HQ move to Charlotte - Winston-Salem JournalGMAC still looking at HQ move to CharlotteWinston-Salem Journal, NC - Jan 6, 2009Any move to Charlotte is not expected to affect operations in Winston-Salem, said another spokeswoman, Beth Coggins. Bogged down by mortgage-related losses ...
Subscribe to The Business Journal - Triad Business JournalSubscribe to The Business JournalTriad Business Journal, NC - Jan 7, 2009The biggest bank headquartered in the area, Winston-Salem-based BB&T, is considered one of the strongest of the regional institutions, and the Triad did not ...
ASSEMBLY DEMOCRATIC LAWMAKERS URGE HOMEOWNERS FACING FORECLOSURE ... - PolitickerNJASSEMBLY DEMOCRATIC LAWMAKERS URGE HOMEOWNERS FACING FORECLOSURE ...PolitickerNJ, NJ - Jan 6, 2009The bill also provided $12 million to the New Jersey Housing Mortgage Finance Agency for foreclosure mediation and mortgage counseling. ...
Bank of the Cascades Opens New Salem Regional Office - PR Newswire (press release)Bank of the Cascades Opens New Salem Regional OfficePR Newswire (press release), NY - Dec 23, 2008In addition to regional offices for the Bank of the Cascades, the new building houses branch banking services, a mortgage center, commercial lending, ...
Oregon students could get a crash course in cash - Statesman JournalOregon students could get a crash course in cashStatesman Journal, OR - 7 hours ago... recommended adding financial literacy to the three R's, according to speakers at a financial education summit Wednesday at the Salem Conference Center. ...
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