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Think tank suggests Nevada government agency cuts - MSN MoneyCentralCARSON CITY, Nev. (AP) - A conservative think tank is suggesting elimination of the Nevada Department of Business and Industry and numerous other cuts to save state funds and avoid tax increases by the 2009 Legislature. The plan from the Las Vegas ...
Area jobless rate among lowest in U.S. - Richmond Times-Dispatch-- The Richmond region has one of the lowest unemployment rates among the country's largest metro areas, but the rate jumped 56 percent in November compared with the same month in 2007. That year-over-year percentage increase is higher than some ...
Early bills would assist Nevada’s kids, workers - Las Vegas Sun• Tens of thousands of middle-class families would benefit from an expansion of children’s health care that was vetoed last year by President George W. Bush. • In another bill to be considered quickly, workers filing discrimination lawsuits ...
'Sin City' feeling downturn - Pottstown MercuryNo comments posted. Lavana Jackson, 52, a souvenir shop manager, waits for the traffic signal while walking to a bus stop to catch a bus home in Las Vegas. **ADVANCE FOR WEEKEND, JAN. 2-4** Elvis impersonator Jesse Grice walks down the Fremont Street ...
Conservative think tank's savings suggestions include eliminating ... - Las Vegas Review JournalCARSON CITY -- A Las Vegas-based conservative think tank called Wednesday for state government to consider eliminating the Department of Business and Industry and make numerous other changes that it thinks would eliminate the need for tax increases ...
Lady Luck leaves Vegas - Calgary SunFor the past 20 years, it has been for better. The unemployment rate was minuscule. Gleaming new casinos were built on "old" casinos like so many sandcastles on a beach. Hundreds of neat stucco houses promised a palm tree or a pool for nearly ...
Clark County Credit Union members still get bonus -- but it's smaller - Las Vegas Review JournalChief Executive Wayne Tew said the typical member got a $179 bonus last year, and the biggest average payout was $342 in 2005. By comparison, 2008 was one of the worst years for the Southern Nevada economy since 1985, he said. The credit union is ...
Trump Entertainment Buys Time to Restructure Debts (Update1) - BloombergDec. 31 (Bloomberg) -- Trump Entertainment Resorts Inc. said 70 percent of its bondholders and a bank agreed to give it until Jan. 21 to negotiate a debt restructuring after the casino company missed an interest-payment deadline today. The ...
PennyMac Announces Purchase of Residential Mortgage Loan Portfolio ... - PR NewswireCALABASAS, Calif., Jan. 7 /PRNewswire/ -- Private National Mortgage Acceptance Company, LLC (PennyMac) announced today that investment funds managed by its affiliate, PNMAC Capital Management, LLC, have completed the purchase of $558 million in ...
Experts each reveal 3 things needed to spark turnaround - Reno GazetteA year of recession has past, and a highly uncertain year awaits for Northern Nevada and the nation. Just what 2009 will bring to the table of commerce remains to be seen. But in some corners, observers remain hopeful. "An economic turnaround could ...
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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