Mortgage terms starting with C

18 terms

  1. Capitalization In the context of bank supervision, capitalization refers to the funds a bank holds as a buffer against unexpected losses.
  2. Cash-out refinancing When refinancing, taking a loan for more than you owe on your existing mortgage.
  3. Census Tract A census tract is a small geographic area. Census 2000 assigned census tract numbers to all areas of the U.S. and some U.S. territories and possessions.
  4. Chapter 13 Bankruptcy this type of bankruptcy sets a payment plan between the homeowner and the creditor monitored by the bankruptcy court.
  5. Chapter 7 Bankruptcy a bankruptcy that requires assets be liquidated in exchange for the cancellation of debt.
  6. Closing when selling a house, the process of transferring ownership from the seller to the buyer, the disbursement of funds from the buyer and the lender to the…
  7. Closing (or settlement) costs Fees paid when you close (or settle) on a loan. These fees may include application fees; title examination, abstract of title, title insurance, and…
  8. Co-applicant Ethnicity Ethnicity of the co-applicant. This is reported for originated loans and for loan applications that do not result in an origination.
  9. Co-applicant Race Race of the co-applicant. This is reported for originated loans and for loan applications that do not result in an origination.
  10. Co-applicant Sex Sex of the co-applicant. This is reported for originated loans and for loan applications that do not result in an origination.
  11. Co-Homeowners one or more persons who have signed a loan note, and are equally responsible for repaying the loan.
  12. Collateral Assets that are offered to secure a loan or other credit. For example, if you get a real estate mortgage, the bank's collateral is typically your house.
  13. Collections the efforts a lender takes to collect past due payments.
  14. Conservatorship Conservatorship is a legal procedure for the management of financial institutions for an interim period during which the institution’s conservator…
  15. Conventional Conforming Mortgage Loans Conventional mortgage loans are those mortgages that are not insured or guaranteed by the Federal Housing Administration, the U.S.
  16. Convertible ARM is an Adjustable Rate Mortgage loan that can be converted into a fixed-rate mortgage during a certain time period.
  17. County Code A three-digit FIPS (Federal Information Processing Standards) code that identifies the county where the property is located.
  18. Creditor A person or company who provides credit to another person or company functions as a creditor.