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Fitch Rates Summit County Port Authority's (Ohio) 2008C Bond Fund 'BBB ... - Forbes
Fitch Ratings has assigned a 'BBB+' rating to the Summit County Port Authority, Ohio's (the authority) bond fund program (the bond fund) $6.7 million development revenue bonds, series 2008C (CT Sterling, LLC Project). The 2008C bonds, which mature on ...

Is Freddie Mac next in GSE management shake-up? - Reuters
NEW YORK (Reuters) - Freddie Mac, the second-largest U.S. mortgage finance company, may soon follow its larger sibling Fannie Mae with a management shake-up that could boost investor confidence in the company. Shares of both government-sponsored ...

Fannie Cleans House - Slate
Troubled lender Fannie Mae shook up its C-suite on Wednesday , announcing the departure of three high-level executives, the Wall Street Journal reported. The move is said to be "designed to drive the mortgage company's efforts to conserve capital and ...

Senior complex in Copley is facing court sale - Akron Beacon Journal
COPLEY TWP.: The bank that financed one of the area's most upscale retirement communities sued for foreclosure Tuesday morning in Summit County Common Pleas Court. The New York-based branch of lender KBC of Belgium also asked Judge Thomas Teodosio to ...

Judge upholds search warrant in Evergreen case - Akron Beacon Journal
A judge has denied a defense challenge of a 2006 search warrant used to seize evidence from the Akron businesses of former Evergreen Corp. President David B. Willan. The decision by retired Summit County Common Pleas Judge James E. Murphy gave a ...

Investors Trust owner consolidating, waiting - North Bay Business Journal
Santa Rosa banking vet returns to area at North Valley Bank Bank of Marin adding two branches; Tamalpais Bank offers home lending Mobile banking’s mFoundry confident Banking: Summit names new credit officer; Westamerica among magazine’s top banks ...

DEMOCRATIC CONVENTION: Jerseyans plan parties for Obama speech - Newark Star-Ledger
Deborah Bjornstad was 21 years old the last time she got involved in politics. But Thursday night, the 49-year-old Bjornstad is coordinating two of the dozens of get-togethers across New Jersey to watch Sen. Barack Obama deliver his acceptance speech ...

Public Notice - Columbia Star
1102 Huger Street, TMS# 08912-10-09 through -19, rezone from M-2, -DD (Heavy Industrial, Design Development) and M-2, -DD, -DP (Heavy Industrial, Design Development, Design Preservation) to M-1, -DD Light Industrial, Design Development) and M-1, -DD ...

Amanda Demme on Her Latest Venture - Wwd.com
Australian historian Robert Hughes once described the British fleet’s arrival in Sydney Cove as the 18th-century equivalent of traveling to the moon. Sydney might be oceans from the world’s more traditional fashion capitals, but thanks to jet ...

August 2008 - Posts - MSNBC Firstread
NBC's Mara Schiavocampo went to the floor of the Democratic National Convention and got reaction from delegates and attendees on Clinton's speech last night. In a breakfast pep talk to Democratic donors this morning at the Brown Palace Hotel here in ...

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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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