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News about Mortgages:
Art meets activism at Dot foreclosure protest - The Boston - Bay State BannerArt meets activism at Dot foreclosure protestThe Boston - Bay State BannerProtestors gathered in the rain outside a house on Bullard Street in Dorchester's Four Corners after a march around the neighborhood to bring attention to ...
Another debate dispute at Dorchester Conference - OregonLive.com (blog)Another debate dispute at Dorchester ConferenceOregonLive.com (blog)Sports marketeer Rob Cornilles of Tualatin will face off against John Kuzmanich, a mortgage broker from Portland. That leaves out two candidates, ...
'Transient' jobs? Ask the folks who count on them - Boston Globe'Transient' jobs? Ask the folks who count on themBoston GlobeIn Dorchester and South Boston during the summer production season, on the set of the “The Zookeeper,'' just one of the movies then in production, ...and more »
Whether you like his politics or not, Jim Huffman's run for senate good for Oregon - OregonLive.comOregonLive.comWhether you like his politics or not, Jim Huffman's run for senate good for OregonOregonLive.com"At the Dorchester conference, Gov. Atiyeh pointed out that even though he served for eight years, most Oregonians had no clue what religious denomination ...
Tide finally turning in foreclosure battle? - Boston Globe (blog)Tide finally turning in foreclosure battle?Boston Globe (blog)At one point, there were nearly 1200 foreclosure specials out there in neighborhoods like Dorchester, Roxbury, East Boston and Mattapan. ...
Quincy, MA man sentenced for mortgage fraud - Thaindian.comQuincy, MA man sentenced for mortgage fraudThaindian.comMichael Hicks, 41, planned a mortgage fraud scheme and recruited two straw buyers to buy two properties in Dorchester. The fore mentioned properties went ...and more »
City Hall ignores development agreements - Santa Monica Daily PressCity Hall ignores development agreementsSanta Monica Daily PressFor example, "The Dorchester" is a luxury condominium project constructed in 1990 at 1040 Fourth St. with 42 condominiums. A DA requires that all 15 first ...
'Open House' signs in Dot called positive omen - Dorchester ReporterDorchester Reporter'Open House' signs in Dot called positive omenDorchester ReporterOn a Sunday afternoon in Dorchester's Pope's Hill neighborhood, it's hard to turn a corner without seeing a sign for an open house. ...
Council chief will run again - Charleston Post CourierCouncil chief will run againCharleston Post CourierSUMMERVILLE -- Dorchester County Council Chairman Jamie Feltner will run for re-election to his District 7 seat, but Councilman Chris Murphy ...
Mayor to owners: Don't lien on me - Boston HeraldMayor to owners: Don't lien on meBoston HeraldThe home that's cost the city the most in board-up expenses is 254 Seaver St. in Dorchester, where more than $6100 has been spent since it was foreclosed by ...
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