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Pay cuts won't fix sick auto industry, CAW says - Globe and MailYou beat me to it... If the Unions won't do their part... There is NO WAY that Canadian taxpayers should be expected to... Any plans for a bail out SHOULD definitely be cancelled... Let the 'Big 3' fail ... Plain Joe from Canada writes: ' Ryan Lemay ...
Uh they got most of that back buddy, try to keep up with events. That ... - Globe and MailTony . from Waterloo, Canada writes: K. Anderson from Canada writes: 'I understand that the auto industry is a large part of the Ontario economy' You know, from all the talk you might think that vehicle manufacturing is the only thing Ontario does ...
LA Auto Show: 2010 Ford Fusion, Mercury Milan and Lincoln MKZ - FOX NewsBecause even Ford knows they can’t sell enough Mustangs to pay the bills, the company also introduced a new lineup of midsized sedans targeted at the top-selling Toyota Camry and Honda Accord. The Ford Fusion, Mercury Milan and Lincoln MKZ all get ...
Livingston briefs - Detroit NewsA Hartland Township man escaped injury from a fire that engulfed a home on Ravenswood Way in a subdivision southwest of M-59 and Old U.S. 23 early Wednesday morning, fire officials said. Capt. Jon Dehanke said firefighters found the home engulfed in ...
Massive mortgage squeeze - bbcNet new mortgage lending is likely to fall to less than zero next year, according to a report commissioned by the Treasury from Sir James Crosby, the former chief executive of HBOS, owner of the Halifax. Sir James is warning that as homeowners are ...
U.S. Automakers That Failed Without Being Bailed - FOX NewsLong before GM, Ford and Chrysler became the Big Three, there were hundreds of automobile manufacturers that went out of business without ever asking for a government bailout. More than a century ago nearly every major city in America had a company ...
Ford to keep Geelong engine plant open - News.com.auFord has reversed a decision to close its Geelong plant, investing $21M to restructure for future markets. 11/2008 Sky News WORKERS at Ford Australia's Geelong engine plant have been thrown a lifeline with the company announcing the plant will stay ...
Broadband proponents to Congress: Invest in future, not autos - CNET NewsWASHINGTON--Rather than investing emergency funds into old economic sectors like the auto industry , the federal government should look to the future and invest in a national broadband strategy, panelists at a broadband symposium said Wednesday. "Let ...
Ostraszewski: Carving out a new economy - MetroWest Daily NewsAmericans are nervous about the state of our nation's economy following recent events including the mortgage crisis, the federal bailout, the stock market crash, and now a worldwide shortage of Palin glasses. Many are wondering: If the economy ...
Novato auto dealers prepared to ride out economy - Novato AdvanceNovato’s auto dealerships have been affected by skyrocketing gas prices, low supplies of fuel-efficient vehicles, and now a credit crisis that has seen many banks restrict lending. But most local dealers say in-house loan-financing, new inventory ...
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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