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Commentary: America can't go cold turkey on credit - CNNU.S. Rep. Jim Marshall, a Democrat serving his third term in Congress, represents Georgia's 8th Congressional District. He serves on the House Armed Services and Agriculture Committees. Jim Marshall says he's put his career in the House on the line ...
Debt Effects - Metro NewsIt's about debt. Marshall University Vice President of Business and Economic Research Doctor Cal Kent says three kinds of debt have contributed to the current down turn in the economy. He says it's debt in mortgages, debt among consumers and debt ...
State Treasurer and Local Business Owner React to Billion Dollar ... - KTVN.comWe'll be learning more about the government bailout plan in the coming days. But, how do local business owners feel aout the bill, just a couple of days after it passed in Congress? The government will be able to buy up to $700 billion in assets tied ...
Local emphasis important in dealing with economic crisis - Chadron RecordNeb. man arrested in fatal hit and run (293) Con Marshall inducted into Neb. Sports Hall of Fame (200) Public tells county to keep expenses in line (191) Thompson appeals to Supreme Court (191) Courthouse News (187) Chadron kids attend physical ...
Sector Snap: Shares of regional banks soar - ForbesShares of regional banks soared Tuesday as investors flooded the market in search of bargains, following one of the biggest selloffs in years the day before. Stocks plummeted Monday after the government's proposed $700 billion financial rescue ...
GROFF/ELLISON: Bailout bust - The Washington TimesThe saga of the bailout bill provides a crisp lesson in Politics 101 — how to effectively market policy. Sometimes, public policy is pure impression. How you sell an idea, or how it sounds, is just as critical as whether or not it really works. H.R ...
Henry Paulson’s $700-billion man - News MucketyA 35-year-old former vice president at Goldman Sachs has been tapped to manage the $700-billion bailout. Neel T. Kashkari, one of Treasury Secretary Henry Paulson’s advisers and a longtime protege who shares his boss’s Midwestern origins and Yul ...
Financial quake rocks world - USA TodayA couple walk past an illuminated display showing the performance of London's top 100 shares Sept. 30 in Hammersmith, England. World financial markets suffer losses as the banking crisis continues. Both John McCain and Barack Obama both separately ...
Local banks see opportunities with either Wells Fargo or Citigroup - Washington Business JournalEditor's Notebook: Don’t vote for Wachovia buyout Bank expanding mortgage business in spite of volatility What the experts say National City shares jump, hedge fund makes moves Wells Fargo-Wachovia deal better for St. Louis? While questions remain ...
Citigroup, Intel, RC2, Sovereign, Wachovia: U.S. Equity Movers - BloombergSept. 30 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. Banks and brokerages advanced after U.S. lawmakers said they intend to ...

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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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