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Robert Kelly: Good riddance, 2008 - Salem News
If so, go stand in the corner. These words are not meant for you. Enjoy your moment and leave the rest of us alone as we pout and watch the year 2008 recede in memory united by one sentiment: "Goodbye and get out!" The year past featured a seemingly ...

World leaders converge on Israel in push for truce - Buffalo News
Israel seized control of high-rise buildings and attacked houses, mosques and smuggling tunnels as it pressed its offensive against the Gaza Strip's Hamas rulers on Monday, even as a stream of European leaders headed to the region to push for a truce ...

Beatty Begins 120-Day Jail Sentence - ClickOnDetroit.com
DETROIT -- One of the most embarrassing periods in this battered and weary city ended Tuesday as the top aide and former lover of disgraced ex-Mayor Kwame Kilpatrick was sent to jail. Christine Beatty, once an influential figure at Detroit City Hall ...

Democrats' Factions Could Stall Grand Plans - Wall Street Journal
WASHINGTON -- The new Congress sweeps into town Tuesday with many members comparing themselves to the 1933 Congress that enacted much of President Franklin Roosevelt's New Deal and changed the government's relationship to its citizenry. Reuters Sen ...

Officials to break ground on new C.J. Peete development - New Orleans Times-Picayune
Officials will break ground at 9:30 a.m. today on a new mixed-income development that will replace the C.J. Peete public housing development in Central City. This will be the second groundbreaking in the federal government's plan to replace the city ...

Obama Watch: Memphis admirers gear up for his inauguration - Memphis Commercial Appeal
President-Elect Barack Obama made only one visit to Memphis in 2008 -- a quick stop en route to the presidential debate at the University of Mississippi. He did not deliver a single campaign speech in the nation's 18th-largest city during his ...

A Superficial Take on Politically Historical Events as Perceived While ... - Huffingtonpost.com
Just to let you know, I'm not a person anybody would necessarily describe as politically astute. I usually withhold opinion, leaving all discussion and analysis to those who pay closer attention. Nevertheless, over this past summer, while I watched ...

Obama Fills Top Justice Department Spots - New York Times Blogs
President-elect Obama again reached back to the Clinton administration Monday in moving to fill four of the top spots at the Justice Department. The records and public statements of the four nominees named by Mr. Obama suggest a sharp break from the ...

Dissing ITV, The Toon And More... - Football365.com
'STEVE WATSON, Phillipe Albert, Darren Peacock, Steve Howey, John Beresford, Allesandro Pistone, Stuart Pearce, Warren Barton, Aaron Hughes, Andy Griffin. That was season one, when Kenny Dalglish was in charge. 'Nikos Dabizas, Laurent Charvet, Carl ...

Mob museum is Exhibit A for GOP leader - Las Vegas Sun
Washington — Las Vegas’ proposed mob museum is a subject ripe for ridicule, and the Republicans here have held it up as just that. Now that work is under way on the economic recovery package of tax breaks and public works projects being developed ...

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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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