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Northwest Houston Impacts — March 2010 - Community Impact Newspaper
Community Impact NewspaperNorthwest Houston Impacts — March 2010Community Impact NewspaperBy Community Impact Newspaper Staff Friday, 19 March 2010 NORTHWEST HOUSTON — 1. C&T Mortgage LLC opened its first office in December at 25250 Hwy. ...

IDB Management Questioned as Funding Increase Pared - BusinessWeek
IDB 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 »

White's board seat falls on a fine line - Houston Chronicle
White's board seat falls on a fine lineHouston ChronicleLeppert was in the spotlight a year ago when his membership on the board of Washington Mutual came under scrutiny when the home-mortgage giant failed. ...White Walks Dangerous Line with Gas CompanyDallas Blog (blog)all 14 news articles »

A redo may do instead of a new house - Houston Chronicle
Houston ChronicleA redo may do instead of a new houseHouston ChronicleThe tighter mortgage market has made it tougher to sell homes, so people are making improvements where they are, Hann said. “Remodeling is off much less ...

High Dollar Mortgage Fraud - KERA
KERAHigh Dollar Mortgage FraudKERA... in North Texas say they've cracked an 18 million dollar mortgage fraud scheme targeting upscale neighborhoods in Dallas-Fort Worth and Houston. ...Forty Indicted in Major East Texas Mortgage Fraud SchemePR Newswire (press release)all 69 news articles »

IMS Expands Service Offerings With R2L Alignment - Mortgageorb
DSNews.comIMS Expands Service Offerings With R2L AlignmentMortgageorbBy MortgageOrb.com on Wednesday 17 March 2010 Integrated Mortgage Solutions (IMS) and REO Leasing Solutions LLC (R2L), both of Houston, have aligned to ...IMS Expands REO Asset Management Offering With REO Leasing SolutionsEarthtimes (press release)all 13 news articles »

40 indicted in alleged North Texas mortgage scheme - Dallas Business Journal
40 indicted in alleged North Texas mortgage schemeDallas Business JournalThe US Attorney's Office alleges that John Barry, 41, of Windemere, Fla., solicited real estate agents, property finders, mortgage brokers, real estate ...Florida man indicted in Texas mortgage fraud schemeDallas Morning Newsall 19 news articles »

Jones Lang Lures CB Richard Ellis Team for Investment Banking - BusinessWeek
Miami Daily Business ReviewJones Lang Lures CB Richard Ellis Team for Investment BankingBusinessWeekThe Melody brothers worked at Houston- based LJ Melody & Co. when it was sold to CB Richard Ellis in 1996 and went to work for the acquiring company. ...Former L.J. Melody Trio Joins JLL to Expand Real Estate Investment Banking ...CoStar GroupMelodys, Fish Join JLL Capital MarketsGlobeSt.comJones Lang LaSalle Hires Capital-Markets Team From Rival CBREWall Street Journalall 75 news articles »

Bluffs at Brush Creek apartment project in Kansas City files bankruptcy - Kansas City Business Journal
Bluffs at Brush Creek apartment project in Kansas City files bankruptcyKansas City Business JournalThey include $3 million owed on a $5.6 million mortgage held by Litton Loan Servicing of Houston and $50000 owed on a second mortgage held by AWM Real ...and more »

Earnings Preview: Lennar Corporation (NYSE: LEN) - istockAnalyst.com (press release)
Earnings Preview: Lennar Corporation (NYSE: LEN)istockAnalyst.com (press release)... Homebuilding Central, Homebuilding West and Homebuilding Houston. The Company's financial services segment provides mortgage financing, title insurance ...and more »

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.

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