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Turf battle ends state's chance to lead lawsuit - TradingMarkets.comOn Monday, a federal judge in New York found that North Carolina had the most money at stake in the Freddie Mac suit -- $18 million -- but he denied Moore's request that North Carolina be the lead plaintiff because of Cooper's objections. "Given the ...
Malloy prepares to run two races - TradingMarkets.comUntil recently, Malloy was mum on his re-election plans. But in recent weeks, he has begun to openly acknowledge plans to enter a new mayoral race, while cautioning that the statements are not official announcements of his candidacy. Asked last week ...
Ford Might Be the Winner if the Auto Bailout Fails - TimeFord vehicles at the lot of a new-car dealership in Glenview, Ill. The reason is that Ford alone among the Detroit Three has enough dry powder to get through what will be a very difficult 2009, when car sales aren't expected to top the 11.8 million ...
Updated 11/21: Economy Congressional hearing topic Monday - Arlington Heights PostWith the start of the 111th Congress and the first term of President-elect Barack Obama less than two months away, U.S. Reps. Mark Kirk, R-10th, and Peter Roskam, R-6th, will hold an ad-hoc economic recovery hearing to discuss actions addressing the ...
Dodd plays defense: Details of suspect mortgage still secret - TradingMarkets.comBased on e-mails it obtained, Portfolio magazine in mid-June said Countrywide waived fees and provided discounted mortgages for customers, including Dodd, who were on a VIP list. Speaking to reporters after addressing students at Southern Connecticut ...
Weill, Kovner Give as Art Galas See Strapped Patrons (Update1) - BloombergOct. 24 (Bloomberg) -- At the Princess Grace Foundation-USA gala in Manhattan, the group's silver-haired chairman, John F. Lehman Jr., danced aerobically to rhythm-and-blues. The 66-year- old founder of private-equity firm J.F. Lehman & Co. wore a ...
Weill, Kovner Still Give as Many Art Galas See Strapped Patrons - BloombergOct. 24 (Bloomberg) -- At the Princess Grace Foundation-USA gala in Manhattan, the group's silver-haired chairman, John F. Lehman Jr., danced aerobically to rhythm-and-blues. The 66-year- old founder of private-equity firm J.F. Lehman & Co. wore a ...
Miller Electric cutting 95 jobs - Milwaukee Business JournalMiller Electric Manufacturing Co. of Appleton said Wednesday that it is cutting 95 jobs, or about 6 percent of its work force, because of the slowing national economy. Miller Electric, a manufacturer of arc welding and plasma cutting equipment, said ...
Commercial deed transfers from Nov. 3-30, 2008, edition - Star-BannerGPT Properties LLC to E.W. Cates Jr. Marion County: $4,000,000. On Top of the World Communities Inc. to Joseph Godbout. Candler Hills East: $166,000. Pulte Home Corp. to David Dunn. Cimarron: $187,935. James Estes to U.S. Bank NA Trust. Country ...
Financial Advice Differs For Different Stages Of Life - Insurance News NetCHARLOTTE, N.C. _ Wall Street investors have long been told to buy and hold. But that strategy is getting understandably tougher to stomach, especially following turbulence in the stock market. Consider the economic landscape: About a dozen banks ...
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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