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Mortgage rates still below 5 percent - The Associated PressMonitorBankRates.comMortgage rates still below 5 percentThe Associated PressWASHINGTON — Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept ...US mortgage interest rates up slightlyUPI.comUS MBA Mortgage Applications Index Fell 1.9% Last WeekBusinessWeekMortgage Applications Dip 1.9% This WeekReal Estate ChannelNew Mexico Business Weeklyall 339 news articles »
IDB Management Questioned as Funding Increase Pared - BusinessWeekIDB Management Questioned as Funding Increase ParedBusinessWeekThe IDB took a nearly $1 billion loss in 2008 after plowing as much as 60 percent of its cash reserves into mortgage-backed securities, an unusually ...and more »
Why Canada Avoided a Mortgage Meltdown - Wall Street JournalWhy Canada Avoided a Mortgage MeltdownWall Street JournalMr. Pollock is a resident fellow at the American Enterprise Institute in Washington, DC He was president and CEO of the Federal Home Loan Bank of Chicago ...Republican Lawmaker Calls For Fannie, Freddie PrivatizationNASDAQall 8 news articles »
Fed's emergency loans decline in past week - The Associated PressFed's emergency loans decline in past weekThe Associated PressIn its statement Tuesday, the Fed said it would end by March 31, as planned, its program to purchase $1.25 trillion of mortgage-backed securities, ...and more »
Republicans Attack Obama Mortgage Modification Program - UPI.comABC NewsRepublicans Attack Obama Mortgage Modification ProgramUPI.com... Government Reform Committee hearing on Toyota's recent incidents of sudden unintended acceleration on Capitol Hill in Washington on February 24, 2010. ...Obama Overstates Loan Modifications, Republicans SayBusinessWeekWells Fargo agrees to modify home-equity loansFinance and CommerceFebruary Treasury Report Shows Increase in Homeowner ReliefRealEstateRamaWinston-Salem Journalall 205 news articles »
Fed's Bernanke sees US backing Fannie, Freddie debt - ReutersWashington TimesFed's Bernanke sees US backing Fannie, Freddie debtReutersWASHINGTON (Reuters) - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain US government backing should Congress create a new ...Drop in Home Sales Underscores Fragile Recovery According to Fannie Mae's ...PR Newswire (press release)all 86 news articles »
Q+A: What does Obama gain naming China a currency cheat? - ReutersWashington PostQ+A: What does Obama gain naming China a currency cheat?ReutersThe stability of government-controlled mortgage giants Fannie Mae and Freddie Mac plays a vital role in the availability of finance. ...Beijing rushes to curb housing bubblePeople's Daily Onlineall 218 news articles »
Man convicted in Seattle area mortgage fraud scheme - Seattle Post Intelligencer (blog)Man convicted in Seattle area mortgage fraud schemeSeattle Post Intelligencer (blog)A former Washington resident has been convicted on 30 felony counts related to a mortgage fraud scheme. William S. Poff, 37, represented himself during a ...Former Washington Resident Convicted of Multiple Counts of Conspiracy, Bank ...PR Newswire (press release)Waynesville Man Convicted in Mortgage Fraud SchemeAmerican Chronicleall 9 news articles »
Business events scheduled for the coming week - BusinessWeekBusiness events scheduled for the coming weekBusinessWeekBy AP WASHINGTON -- Labor Department releases weekly jobless claims, 8:30 am; Freddie Mac, the mortgage company, releases weekly mortgage rates. ...and more »
Fed's Balance Sheet Continues To Grow In Latest Week - NASDAQFed's Balance Sheet Continues To Grow In Latest WeekNASDAQWASHINGTON -(Dow Jones)- The US Federal Reserve's balance sheet expanded slightly in the latest week as the central bank's huge holdings of mortgage- backed ...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.
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