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Proposed New Orleans East lake splinters community - WWL-TV
Twenty minutes into a meeting, tension builds between two New Orleans East power brokers: businessman Sherman Copelin and state senator Ann Duplessis. “One of the things that Sherman Copelin is very good at doing is creating conflict,” Duplessis ...

New Orleans home-loan program builds slowly - New Orleans Times-Picayune
After months of dickering and false starts, the centerpiece in New Orleans' strategy of clustering people in viable neighborhoods is finally off the ground with forgivable loans for first-time homebuyers. A handful of low- to moderate-income families ...

Daily Report - Baton Rouge Business Report
East Baton Rouge Parish School Board member Darryl Robertson, whose letter to The Advocate likened the takeover of failing schools to the Tuskegee experiment, could be in trouble over his law practice. A three-member Louisiana Attorney Disciplinary ...

Some Rochester-area schools keep watchful eyes on students stealing an ... - Democrat and Chronicle
On school day mornings, private investigator Kevin Degnan can often be found hunkered down in a nondescript car, staking out street corners in Greece neighborhoods, waiting for the school buses to come. His target: children. What he's watching for ...

Bush Weighs In on His Legacy - New York Times Blogs
As the clock ticks down on his days in the White House, President George W. Bush is taking part in one of his last presidential rituals — helping to shape the perception of his years in office. In an interview conducted earlier this month by his ...

Bobby Jindal's Saturday in Iowa - MSNBC Firstread
Here's a wrap of the coverage that Bobby Jindal's visit to Iowa on Saturday received: -- The Des Moines Register : "After two years of a non-stop political campaign, if anyone came to hear a political speech, 'you might want to consider getting ...

Real-Time News - Newark Star-Ledger
• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...

Did Russian Mafia loot Sandwich? Harwich charity to up the ante; Sea ... - Cape Cod Today
I nvestigators in Sandwich believe organized crime in Russia may be behind the disappearance of thousands of dollars in taxpayer money. Four illegal withdrawals were made over a 10-day period beginning Nov. 4. - Miller Sandwich Police Chief Michael ...

Canada bides time - Globe and Mail
harper will wait until things are so severe he will be able to use his dictatorial powers to privitize everything - from every street in the realm to cancelling the National Health Act and slashing business taxes to the bone. Watch for asset sales ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

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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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