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Drama department dials up the 1970s for fall production - Hot Springs Star
HOT SPRINGS - “Disco Fever,” a mystery/comedy by Craig Sodara, will be presented by the Hot Springs High School Drama Department on Nov 20 and 21. Performances will begin at 7 p.m., in the Mueller Civic Center Theatre. This play is produced by ...

CPP Fund loses $10B - CNEWS
TORONTO - The Canada Pension Plan fund said Wednesday it ended it latest quarter with a loss of more than $10 billion in the value of its assets, primarily because of the stock market turmoil that has battered share prices around the world. But ...

KTEN Callers Sound Off About Bailout Failure - KTEN.com
The economy and the government bailout plan has KTEN viewers sounding off this week. Here's a sampling of what you had to say. "This is Brenda Johnson, and I am calling from McAlester, Oklahoma. Taxpayers should not be held responsible for the bad ...

State of Housing Market In Bryan County - KTEN.com
Now, here's a topic weighing heavy on the minds of many right now: the economy. From gas prices to food prices, you've recently felt the pinch in your pocketbooks. But, there is one area that still isn't resembling national numbers -- and it may ...

CPP chief says no need to worry - Edmonton Sun
TORONTO -- The Canada Pension Plan fund said yesterday it ended its latest quarter with a loss of more than $10 billion in the value of its assets, primarily because of the stock market turmoil that has battered share prices around the world. But ...

The silver lining of current market woes is a stronger CPP - Edmonton Journal
The financial crisis that has been battering stock markets could actually strengthen one pillar of retirement funding for Canadians, namely the Canada Pension Plan. As various financial institutions in the United States have buckled under the weight ...

Tories add $50B to plan to help ease credit crisis - Ottawa Citizen
The federal government and Bank of Canada have dramatically stepped up their efforts to manage the financial crisis with promises of further multibillion-dollar injections of liquidity into domestic mortgage and credit markets. But neither the ...

Please visit these local CapeCodToday sponsors: - Cape Cod Today
Pictured: Front -- Dan Leahy (Harwich). Back -- L to R: Jake Malone (Harwich), Coach Rick Budion (Brewster), Zach Rowell (Wellfleet), Sam Gagnon (Brewster), Raymond Rowell (Wellfleet), Ritchie Budion (Brewster), Alex Powers (Orleans), Matt Thompson ...

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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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