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Vicky Hallett and Howard Schneider - Washington Post
He's a veteran reporter, digging up the latest fitness news. She's an irreverent columnist with a knack for getting people off the couch and into the gym. No exercise question is too odd or embarrassing for them to answer. Howard Schneider: I don't ...

MHDC expanded mortgage assistance includes Howard County - Boonville Daily News
The following is a brief of the story. For the full version, see the Tuesday, Aug. 26 print edition of the BDN. Missouri Housing Development Commission (MHDC) has mortgage financing available for a limited time to purchase homes located in disaster ...

Fannie's Mudd Shakes Up Management to Boost Investor Confidence - Bloomberg
Aug. 28 (Bloomberg) -- Fannie Mae Chief Executive Officer Daniel Mudd replaced three top deputies in an effort to restore investor confidence after record losses and a 90 percent drop in the shares. Chief Financial Officer Stephen Swad , 47, hired ...

Mortgage finance firm Fannie Mae shakes up executive ranks as shares ... - Los Angeles Times
WASHINGTON (AP) _ Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled ...

Coldwell Banker Howard Perry and Walston Names New Associates - PR.com
Raleigh, NC, August 27, 2008 --( PR.com )-- Carole Notch, sales manager for the Coldwell Banker Howard Perry and Walston (www.hpw.com) Strickland Road office, has announced that Calvin Ramsey, Wanda Burns-Ramsey and The Ramsey Team have joined the ...

Barack Obama steals back show from Bill, Hillary Clinton - News.com.au
Hillary, Bill Clinton take most of limelight Obama steals it back with surprise appearance Next move : What now for Hillary Clinton? Democratic convention : How we got to this point BARACK Obama has made a surprise appearance at the Democratic ...

3 Fannie Mae execs to leave; 3 others promoted - USA Today
WASHINGTON (AP) — Mortgage finance giant Fannie Mae (FNM) shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac (FRE) rose for a third straight day as investors appeared less certain a government bailout of the ...

Climbing Sony's Mount Improbable - Times Online
Sir Howard Stringer has been musing over his three-year campaign to turn round Sony. Born in Wales rather than Japan, he was an improbable choice. Stringer admits to Forbes magazine: “Look, I didn't know what I was doing.” He took his inspiration ...

Rudd says Aussies worse off since election - News.com.au
Rudd says Aussies worse off since he took office But says 'inherited conditions' are to blame Economy woes? Just work longer KEVIN Rudd has admitted Australians are worse off since his Government's election last November. But the Prime Minister ...

COMMON PLEAS - Salem News Online
Ohio Bureau of Workers Compensation v. Anthony M. Voegeli, etc; collection sought of $4,153. Ohio Department of Taxation v. Pauls Cab Co.; collection sought of combined $6,005. Ohio Department of Taxation v. Steven Smith, etc; collection sought of ...

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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.
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