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News about Mortgages:
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Obama, McCain duel over economic plans - Chicago TribuneTOLEDO, Ohio —Sens. Barack Obama and John McCain battled long-distance over the economy Monday as Obama offered new proposals to aid middle-class voters, including a moratorium on mortgage foreclosures, while McCain presented himself as a fighter ...
Barack Obama's, John McCain's economic plans aimed at swing states ... - Dallas Morning NewsWASHINGTON – When Barack Obama announced his latest batch of ideas to help the economy this month, he chose an appropriate setting: Toledo, a city struggling with high unemployment and the biggest house-price declines in Ohio. When John McCain ...
McCain, Obama address voters' economic fears - Seattle TimesTOLEDO, Ohio — Sens. Barack Obama and John McCain battled long-distance over the economy Monday as Obama offered new proposals to aid middle-class voters, including a moratorium on mortgage foreclosures, while McCain presented himself as a fighter ...
McCain equates Obama tax plan to welfare - Dallas Morning NewsMIAMI – John McCain sharpened his economic attack Friday by accusing Barack Obama of plotting to turn the tax code into a tool for redistributing wealth, an idea he equated to welfare. "When politicians talk about taking your money and spreading it ...
McCain, Obama Promoting Populist Appeals on Rescue (Update1) - BloombergOct. 14 (Bloomberg) -- Barack Obama and John McCain , both laying claim to the populist ground, have different approaches to implementing the financial markets rescue plan. The Democrat is focused on recapitalizing banks while halting foreclosures ...
'Senator Government' - Wall Street JournalWhether or not last night's much-improved debate performance helps John McCain rally in the polls, at least voters finally got a clearer sense of the policy differences. For our money, the best line of the night was Mr. McCain's Freudian slip of ...
Obama, McCain duel on economy - Buffalo NewsTOLEDO, Ohio — Sens. Barack Obama and John McCain battled long-distance over the economy Monday as Obama offered new proposals to aid middle- class voters, including a moratorium on mortgage foreclosures, while McCain presented himself as a fighter ...
Tough times may provide silver lining - Toledo BladeA hundred layoffs here, a thousand there. Plant shutdowns. Circuit City filed for bankruptcy. Now General Motors wonders if it will, too, even as the entire auto industry pleads for government help. Consumer spending is so tight now that the country ...
Subprime Lending Hurts Homeowners - Social FundsThe Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...
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.
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