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News about Mortgages:
Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.comRussia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...
Digital Media - CNET NewsInvestment bank UBS has cut its estimates on digital-ad growth, in conjunction with gloominess about the overall advertising industry. The sector will continue to grow, a report said, but it will slow down significantly. "UBS estimates that Internet ...
Austral Pacific Announces Interim Results - Oilvoice.comA one-off $3.3 million write-off has seen listed exploration company Austral Pacific post a $2.93m before tax loss in its third quarter. Austral Pacific yesterday filed its Q3 interim accounts. Austral Pacific chief executive officer Thompson Jewell ...
Bernanke Refusal to Buy Genworth Commercial Paper Burdens Banks - BloombergNov. 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke 's decision to deny commercial paper financing to all but the highest-rated borrowers is forcing some companies to seek the credit of last resort, backstop loans. Whirlpool Corp ...
Bernanke Refusal to Buy Genworth Paper Burdens Banks (Update2) - BloombergNov. 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke 's decision to deny commercial paper financing to all but the highest-rated borrowers is forcing some companies to seek the credit of last resort, backstop loans. Whirlpool Corp ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...
Ottawa pushes to get credit markets working - Globe and MailSilver Standard (Robert Menard Rules:)) from Canada writes: Well here we go guys, get your money out of paper. We are going to go down with the USA. We really don't need to do this, its criminal what they are going to do with or savings. All the ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
As borrowers stumble, bankruptcies soar in state - AZCentral.comArizona's bankruptcy filings surged to a new yearly high in October, with observers seeing no relief in sight. Consumers and businesses initiated 1,552 filings in the Valley and 2,119 statewide last month. Both were easily the highest totals so far ...
Two banks sue Goodyear-based developer - AZCentral.comJack Rose, a West Valley developer and key figure in Goodyear's spring-training facility, is being sued for nearly $36 million for allegedly defaulting on real-estate loans to two banks. Rose said Tuesday that he has been caught in the credit ...
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 home 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