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Citigroup stew took years to cook - Herald TribuneThere, Citigroup's chief executive, Charles O. Prince III, learned for the first time that the bank owned about $43 billion in mortgage-related assets. He asked Thomas G. Maheras, who oversaw trading at the bank, whether everything was OK. Maheras ...
Citigroup Pays for a Rush to Risk - Blueridgenow.com“Our job is to set a tone at the top to incent people to do the right thing and to set up safety nets to catch people who make mistakes or do the wrong thing and correct those as quickly as possible. And it is working. It is working.” Click to ...
Miller Electric Mfg. Co. to Cut 95 Jobs - Businesswire.comAPPLETON, Wis.--( BUSINESS WIRE )--Miller Electric Mfg. Co. today announced plans to eliminate 95 jobs, or approximately six percent of its 1,500-person workforce. This reduction is in response to the current national economic situation and the ...
Miller Electric cutting 95 jobs - Milwaukee Business JournalManitowoc wins auction for Enodis Illinois Tool to sell business units Illinois Tool to divest business units Hobart Brothers to invest $2.9M in new facility 'Ingenuity' at ThedaCare Inc. Miller Electric Manufacturing Co. of Appleton said Wednesday ...
Affordability is up: More first-time home buyers will enter market - Mydesert.comSales will rise 12.5 percent, but largely at lower prices, making the market more affordable. More first-time home buyers than ever will enter the market, as their monthly rent payments grow closer to mortgage payments. There will also be an outcrop ...
Miller Electric to eliminate 95 jobs - Milwaukee Journal SentinelNov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...
Toys for Tots Drop-off Sites - WBAY Green BayToys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. The deadline for dropping off ...
Citigroup Tries to Stop the Drop in Its Share Price - Blueridgenow.comFor months, the nation’s largest banks have struggled to regain investors’ trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday, sending shock waves through the financial world. Click to ...
Employee robbed at Citgo on northwest side - Milwaukee Journal SentinelNov. 22, 2008 11:24 a.m. | Milwaukee police are seeking a man who robbed an employee at the Citgo gas station, 8334 W. Appleton Ave., around 3 p.m. Friday. The man asked the victim for help with a stalled car, police said. Once the two were outside ...
MASSACHUSETTS LOCAL NEWS - Union-News & Sunday Republican• Atheist247 -- WOW this is great!! 2 more dir... • Farm55 -- I know the piece. Runs from So... • Swinger469 -- Suckingsound Illegal Casinos? ... • SpfldMatt -- Rt 91 is relatively comparable... • vaio1984 -- I saw another comment on anoth ...
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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