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Salon owner sentenced in fraud scheme - Providence Journal
Turn to 10.comSalon owner sentenced in fraud schemeProvidence Journal... sentenced an Elmwood Avenue salon owner to one day in prison and six months' home confinement for her role in a scheme to defraud mortgage companies. ...Salon owner sentenced in mortgage fraud caseTurn to 10.comall 3 news articles »

Marcus & Millichap Sells 26993-SF Retail Building - GlobeSt.com
Marcus & Millichap Sells 26993-SF Retail BuildingGlobeSt.comSeth Pollack, senior associate in the firm's Elmwood Park office, had the exclusive listing to market the property on behalf of the seller, ...and more »

Berkadia mortgage unit in on refinancing of Pa. properties - Bizjournals.com (blog)
Berkadia mortgage unit in on refinancing of Pa. propertiesBizjournals.com (blog)Berkadia Commercial Mortgage helped refinance Red Lion Plaza in Northeast Philadelphia and lined up funds to refinance the ...and more »

A classic compound - San Francisco Chronicle
A classic compoundSan Francisco ChronicleThe basics: Public records indicate this farmhouse, nestled in Berkeley's historic Elmwood neighborhood, was built before 1900. The property now consists of ...

Governor Doyle Signs 31 Bills into Law - WIFR
Governor Doyle Signs 31 Bills into LawWIFRSenate Bill 116 exempts the Village of Elmwood from a state law that limits tax incremental finance districts to no more than 12 percent of a municipality's ...and more »

Habitat has homes, lacks qualified applications - Seacoastonline.com
NewsTalk650Habitat has homes, lacks qualified applicationsSeacoastonline.comVan Allen says she is surprised that not only have applications been few in numbers but most do not have the income to support even a small mortgage payment ...Habitat for Humanity homes mean new beginnings for Regina familiesRegina Leader-Postall 6 news articles »

Erie County Real Estate Transactions - Buffalo News
Erie County Real Estate TransactionsBuffalo News336 Bird, Buffalo Water Board; City of Buffalo; Buffalo Sewer Authority to Elmwood Village Contracting Services Llc, $14000. ...

Work, humor define Auriemma - TheDay.com
Work, humor define AuriemmaTheDay.com... even to the bank to pay the mortgage. Auriemma stocked grocery shelves, played Little League in Elmwood Park and found time for school. ...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 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
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