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Excerpts from editorials in Florida newspapers - Florida Times-UnionThe Gainesville Sun, on the new speaker of the Florida House of Representatives: The new speaker of the Florida House of Representatives, Ray Sansom, R-Destin, seems to be carrying on the tradition, but with a twist - a six-figure job for himself. On ...
Bank balks at lowering rates? - Nassau GuardianDespite the Central Bank's resistance to lowering the prime rate, the business community is calling for the move, arguing it could spur on an economy with prospects for which S&P has just now downgraded. "The government can do certain things to ...
Fire alarm: The cost - NewsdayBack in the 1930s when Coram was little more than a wide spot in a woodsy country road, its volunteer firefighters held Halloween dances and chicken barbecues to pay off the firehouse mortgage. Seventy years later, with about $5 million in annual tax ...
Wal-Mart Worker Dies When Shoppers Break Down Doors - FOX NewsBlack Friday took a grim turn when a New York Wal-Mart employee died after bargain hunters broke down the doors to the store, pushing him to the ground. The 34-year-old male employee was pronounced dead an hour after shoppers breached the doors to ...
Online Marketplaces Vie to Offer Bulk Sales of Foreclosed Homes - Wall Street JournalIn a real-estate market where most investors are losing their shirts, a few see opportunity. Working from a conference room at a Los Angeles Marriott, Christopher Wiley and co-founder Paul Roper last month launched ReoLynx.com, a site vying to be a ...
Despite slump, office holiday bashes aren’t toast - Long Island Business NewsIn the best of times, business holiday parties include unfortunate, unflattering, unforgivable and unforgettable incidents. For instance, who remembers when Darlene from marketing climbed on stage and tried to impersonate Whitney Houston? Or when Bob ...
Odds And Ends - New York Daily NewsBarack Obama named the director of the Congressional Budget Office, Peter Orszag, to be his budget director. Obama is limiting his inaugural donations. (Get more information here ). A congressional panel will consider the question : Was Eliot Spitzer ...
The Black Friday mindless stampede; Update: Video added - Hotair.comI worked for several years in retail and then for two decades in retail-related security, and have no intention of participating in the longest, roughest day in American shopping. In all of those years, I never heard a story like this , though ...
April 2008 - Times Union BlogsThe Capitol. The seat of state government. Where influential politicians craft laws and crafty lobbyists peddle influence. Where hopeful citizens try to get their voices heard. Get a look behind the scenes at New York politics and statewide campaigns ...
Oliver Haydock - New York Observer“People aren’t going to stop living, and dining out is one of the most therapeutic things people can do,” said Tracy Nieporent, marketing director and partner in the Myriad Restaurant Group, which owns Tribeca Grill, Nobu and other pricey ...
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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