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Chesapeake awards CEO $75 million - Tulsa WorldChesapeake Energy Corp. has given a $75 million incentive award to CEO Aubrey McClendon related to his well-sharing agreement with the company. The award was announced Wednesday in a filing with the Securities and Exchange Commission. Under the ...
Around the nation - Houston ChronicleWASHINGTON — Treasury Secretary Henry Paulson on Wednesday said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities. In what could be his last speech as Treasury secretary ...
Court news - Hendricks County FlyerNathan 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 ...
Time Warner’s rate hike turns clients off - Buffalo NewsTime Warner Cable is raising monthly rates up to $6 starting Feb. 1. The details were first revealed in a monthly brochure sent late last week to Time Warner’s 330,000 subscribers and confirmed Monday by spokeswoman Robin Wolfgang. The rate ...
Housing prices rose despite holidays, snow - Seattle Post IntelligencerHouse prices showed some buoyancy in Seattle and King County last month, according to a new report. The median price for a Seattle house that sold in December was $436,750, up just over 5 percent from November and down nearly 4 percent from December ...
Matter of Record, January 5 - Wichita Falls Times Record NewsState Farm Mutual Automobile Insurance Co. vs. Joshua Eric Melton, 4118 Palomino, $4,616.49, V3317 P802. County of Williamson vs. Travis A. Holland, et al, 1419 N. 7th, $2,025.29, V3318 P20. Gant, Kenneth Adrian, Wichita County, Chapter 7, Date Filed ...
O's update: Flanagan's future - Weblogs.baltimoresun.comMike Flanagan was executive vice president of baseball operations until his contract expired at the end of the year, so it's fair to ask what he's going to be doing now. It's also fair to ask what exactly his role has been for the past year or so ...
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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