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High-Tech Lockup: Inside 4 Next-Gen Prison Security Systems - Popular Mechanics
The annual, government-funded mock riot held at the former West Virginia Penitentiary only reinforces the threat of inmate-on-guard violence that a booming mini-industry has begun to conquer with everything from RFID surveillance to remote medicine ...

Frasier -- Obama Got Your Tongue? - TMZ.com
Give a Democrat a chance to talk politics and you can't get 'em to shut up, but grab a notorious Republican like Kelsey Grammer and well, not so much. Dude was suspiciously silent about the election at LAX yesterday -- but he was headed to Florida, a ...

Kerry expected to get top foreign affairs panel post - Boston Globe
WASHINGTON -- More than three decades after he first appeared before the panel as a 27-year-old Vietnam veteran-turned-antiwar protester, Senator John F. Kerry is widely expected to be named the new chairman of the Senate Foreign Relations Committee ...

Wilkerson vows to stay in race, criticizes US attorney - Boston Globe
A defiant State Senator Dianne Wilkerson vowed this afternoon to continue her run for reelection in the face of bribery charges, and she lashed out at US Attorney Michael J. Sullivan's "political calculus" for imperiling her campaign. In a 222-word ...

That Palin hoax - Atlanta Journal Constitution
Away from the office on the farm in South Georgia, where the task of this day is to reassemble a John Deere tractor, almost none of my conversations are with political junkies. It was those conversations that told me that Gov. Sonny Perdue’s ...

TheStar.com | entertainment | Hot Box: TV worth talking about - Toronto Star
From Dope to Oprah: Disgraced U.S. track star Marion Jones will give her first post-prison interview to Oprah Winfrey today. Jones, who was released Sept. 5 from a Texas federal prison after completing most of her six-month sentence for lying about ...

Misadventures in Atlanta - Atlanta Journal Constitution
In the 12 years since her parents allowed her first date, Blanca has dated, and dated, and dated. And she's single, tired, but not completely without hope. I’m a writer, so you’d think I’d endorse the new world of dating: text message ...

One Man's Flood Recovery Story More Tragic Than Most - KCRG.com
Story Updated: Nov 19, 2008 at 5:47 PM CST CEDAR RAPIDS- Thousands of Cedar Rapids residents are still struggling to put their lives back together after the devastating June floods. But of all the flood stories, David Johanos has had to overcome more ...

Boston Tea Party, 2008 - Common Dreams
How dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don't instantly give the Wall Street banking bandits a $700-billion bailout, we are ...

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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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