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

Hall mortgage loans news:

Bailout: Where the aid money goes locally - Florida Times-Union
B y all measures, Coastal Banking Company Inc. is a healthy financial institution. Although earnings were lower, the company did remain profitable through the first nine months of 2008 when many banks were losing money, and its capital position is ...

Gramercy Capital (GKK) Suspends Q4 Dividends - StreetInsider.com
Gramercy Capital (GKK) Suspends Q4 Dividends Gramercy Capital Corp. Elects to Retain Capital SL Green/Gramercy Venture Announces $230 Million Sale of New Jersey Office Property Ownership Interest CWCapital Investments Hires Hugh Hall to Develop ...

Wednesday's Letters to the Editor - Long Beach Press-Telegram
The proposed homeless center near Schroeder Hall is a drop-in-facility for the mentally-ill homeless. MHA of Los Angeles, who will run the facility, has repeatedly stated that these individuals need public transportation. They are not clean and sober ...

NOVEMBER HOME SALES DOWN IN ARKANSAS - Pine Bluff Commercial
Home sales in November fell nearly 35 percent statewide compared to last November — the largest decline of the year — the Arkansas Realtors Association reported recently. Pine Bluff Commercial/Ralph Fitzgerald Unfinished house in White Hall is ...

Contact Crain's - Crain's Detroit Business
The end of 2007 was a hard act for Dan Gilbert to follow. In November that year, he announced a long-anticipated decision to build a new headquarters in downtown Detroit and relocate 4,000 employees from the suburbs. In December, he terminated David ...

Banks move ahead with expansions despite recession - HometownAnnapolis.com
Despite a national recession, several banks are moving forward with branch expansions in Anne Arundel County even as they sell off shares to the federal government for fresh capital in return. Bank officials said they committed to several new county ...

Previous bank crisis claimed four Richmond-based thrifts - Richmond Times-Dispatch
In July, the Federal Deposit Insurance Corp. seized the failed IndyMac Bank, one of the nation's largest banking institutions to fall to questionable lending practices. In September, JPMorgan Chase & Co. Inc. paid $1.9 billion for Washington Mutual ...

Jail is the price of lying for Beatty - Detroit News
DETROIT -- The text message scandal will leave scars and long-term financial impact, but the region might now move toward healing, according to the judge who sent Christine Beatty to jail on Tuesday. "It's now my hope that with this sentencing ...

Court news - Hendricks County Flyer
Nathan Adam Daniel, Danville and Kisha Rachelle Zigler, Brownsburg. Anthony J. Dick, Plainfield and Kimberly A. Ehmen, Indianapolis. Travis Lee Fields, Carbon and Lindsey Sue Buck, Brownsburg. Nathan Andrew Finlay, Danville and Sarah Elizabeth Baker ...

MAHONING COUNTY - Vindicator
Joshua E. Berg, 23, of 4106 New Road, Austintown, and Erica L. Check, 22, of same. Saleh S. Darwish, 32, of 7975 Raglan Drive, Warren, and Nijma S. Awadallah, 23, of 3769 Robert Frost Drive, Austintown. Christopher M. Edwards, 45, of 684 W. Wood St ...