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News about Mortgages:
Flood insurance on the rise here - HeraldNetFlood insurance on the rise hereHeraldNet, WA - 30 minutes agoAbout 30 percent of the flood insurance claims in Washington come from properties located outside of the designated flood plains. ...
Amalgamated Insurance Is Moving to Westchester - New York TimesAmalgamated Insurance Is Moving to WestchesterNew York Times, United States - Sep 5, 2008More recently, Ameriquest Mortgage Company leased and renovated the White Plains space, but it fell victim to the subprime mortgage crisis and never moved ...
Insurer to bring more than 400 jobs to White Plains - Lower Hudson Journal newsInsurer to bring more than 400 jobs to White PlainsLower Hudson Journal news, NY - Sep 4, 2008That building used to be leased to Argent Mortgage Co., the subprime mortgage lender that abruptly laid off hundreds of workers as its parent company, ...NYC-Based Insurer To Relocate to White Plains GlobeSt. comall 3 news articles
Diversified Mortgage Workout Corporation Declares 20% Stock ... - MarketWatchDiversified Mortgage Workout Corporation Declares 20% Stock ...MarketWatch - Sep 3, 2008WHITE PLAINS, NY, Sept 03, 2008 /PRNewswire-FirstCall via COMTEX/ -- Diversified Mortgage Workout Corporation (Pink Sheets: DMWK) today announced that its ...
Real Estate Transfers - Rocktown WeeklyReal Estate TransfersRocktown Weekly, VA - Sep 5, 2008Federal Home Loan Mortgage Corp. to Rick Minnich and Rebecca Shoemaker, 141 McKinley Drive, Broadway, Plains District, $254000. ...
Kaleidoscope of Homes | judges awards - Fort Worth Star TelegramKaleidoscope of Homes | judges awardsFort Worth Star Telegram, TX - 14 minutes ago... Light House Furniture and Touch of Elegance Interiors for furnishings; Tejas Landscape and Irrigation; and Plains Capital for financing. ...
Some old financial habits experience a comeback - BloggingStocksSome old financial habits experience a comebackBloggingStocks - Aug 31, 2008Way, way back in the twentieth century, Dawson recalled. the biggest stigma when he grew up in a typical neighborhood in White Plains, NY, a suburb about an ...
Diversified Mortgage Workout Receives Several Proposals to Acquire ... - MarketWatchDiversified Mortgage Workout Receives Several Proposals to Acquire ...MarketWatch - Aug 21, 2008WHITE PLAINS, NY, Aug 21, 2008 /PRNewswire-FirstCall via COMTEX/ -- Diversified Mortgage Workout Corporation (Pink Sheets: DMWK) announces that the company ...
Mortgage Rates, Down for So Long, Are Creeping Back Up and ... - New York TimesMortgage Rates, Down for So Long, Are Creeping Back Up and ...New York Times, United States - Aug 8, 2008“You might find more desperate sellers because rates have gone up,” said Keith T. Gumbinger, vice president of HSH Associates in Pompton Plains, ...
Diversified Mortgage Workout Corporation Receives Additional ... - MarketWatchDiversified Mortgage Workout Corporation Receives Additional ...MarketWatch - Aug 18, 2008WHITE PLAINS, NY, Aug 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- Diversified Mortgage Workout Corporation (Pink Sheets: DMWK) today announced that its ...
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