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Bad for the store, bad for the mall - Marketplace.publicradio.orgScott Jagow: Over the weekend, shopping mall owner General Growth Properties avoided bankruptcy -- barely. It got a two-week extension on -- you guessed it -- mortgage loans. More from Nancy Marshall Genzer. Nancy Marshall Genzer: General Growth ...
Highlights from history: How America went from 'nation of renters ... - Marshall Democrat-NewsEditor's note: Nationwide, the housing market crisis is spreading throughout the economy. Staff writer Kathy Fairchild has been doing research on how the crisis is affecting Saline County, how the situation developed and what people can do to weather ...
Self-Defeating Stimulus Packages: Retaining Short Bias for S&P 500 - Seekingalpha.comThe Marshal Plan had highly specific economic and political objectives, grounded essentially in the devastation wrecked on Europe’s infrastructural, industrial and agricultural complexes during the Second World War. The spate of recent stimulus and ...
Can They Do That?!? - OpEdNews.comWell, it started with $700 billion. Actually, it started before that with the Fed helping Chase take over Bear Sterns, and then saving AIG, and then … well, you were there. But let’s get back to $700 billion. Under what some say were threats of ...
Business Briefs - Elk River Star NewsM&I Bank recently broke ground for a new location at the intersection of Diamond Lake Road and Rogers Drive in Rogers. The new office is scheduled to open in 2009. The new M&I Bank location will be a full-service branch with a business banker ...
The credit crisis--Greatest outlay of money in U.S. history - Business LedgerThe cable business network, CNBC has been keeping track of the entire cost of the credit crisis. So far, by its calculations, the credit crisis has cost us $4.28 trillion dollars. That would be written like this: $4,284,500,000,000. That is a lot of ...
Defining Government Expenditure vs. Investment - Seekingalpha.comI like this little graphic that's been making the rounds, courtesy of Voltage Creative , hat-tip nonSense , Simoleon Sense , Paul Kedrosky . Click to enlarge Paul Kedrosky is a reasonable fellow, and takes care to note that the numbers "are in ...
The True Cost Of The Bailout - Nuwireinvestor.comSo how much is the bailout really costing us? Figures have ranged from a few hundred billion to over $7 trillion, what are we to believe? Economics professor Mark Thoma looks at a couple views on the topic and adds some additional insight in his blog ...
The Politics Of Falling Oil Prices - Radio Free EuropeThe ghosts of 1986 are haunting the Kremlin. That was the year when a precipitous drop in oil prices, from around $30 per barrel in late 1985 to just over $10 by mid-1986, crippled the Soviet economy and helped expedite the breakup of the USSR just ...
$846 million of Katrina aid unclaimed - MSNBCNEW ORLEANS - The four-unit shotgun house that Sandra Marshall bought after decades of double shifts has sat untouched since the flooding of Hurricane Katrina, while nearly $850 million in federal aid for her and thousands of other mom-and-pop ...
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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