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Justice or vendetta? Ruling comes 19 years late - Minneapolis Star TribuneFamily argues for punishment in Minneapolis man's death Unidentified young man run over by train in Newport, survives Woman who erroneously received $2.6 million check to be sentenced Jury in third day of deliberations in mortgage fraud case Man runs ...
Homelessness hits record high - Boston GlobeDespite a pledge by Governor Deval Patrick to end homelessness, the number of homeless people in the state is at a record high and likely to rise because of the mortgage crisis and continuing surge in foreclosures. With homeless shelters filled to ...
Van gives real estate tours of Brooklyn neighborhoods - New York Daily NewsYvette Brown gives her clients a new perspective on a neighborhood from the back of her van. The Satori, at 340 Bond St., has walls of windows, high ceilings, black-walnut floors and deluxe appliances. Artist renderings of the Isabella, at 545 ...
Subscriber Log In - Wall Street JournalRemember me Forgot your password? In the latest sign of the deepening economic crisis, more people are considering cutting back on their mental-health therapy, even as they become more stressed. Across the country, psychiatrists and psychologists say ...
Customers stay positive about banks' future - Kinston Free PressLocal residents remained confident in their banks Wednesday despite ongoing economic turmoil. The string of recent bank failures and takeovers hit home Monday when Wachovia - which operates three branches in Lenoir County and one in Greene ...
Martin and St. Lucie counties public records: Oct. 6 - Fort Pierce Tribune•Louis Rocco Divito v. Patrick Exterminating Inc., John Richard Ludlow. •Kim Chartier v. Michelle E. Lavere. •Robert M. Murray DMD v. Grace L. Baginski DDS. •Treasure Coast Harley Davidson v. Cinnamon Rene Rawls. •Morton S. Bouchard III ...
Default notices continue to pile up - Bend BulletinWe welcome comments from subscribers (E-Edition or print). Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by The Bulletin or bendbulletin.com. The Bulletin and bendbulletin.com reserve the right to ...
Measure's defeat heavy blow for local businesses - Palm Beach InteractiveThe intersection of Wall Street and Main Street may be closer than you think. Connections between high finance and everyday economics aren't always easy to make. Who, for instance, would tie such Wall Street exotica as the London Interbank Offered ...
Financial mess bad for business in South Florida - Fort Lauderdale Sun-SentinelThe nation's financial meltdown has moved beyond Wall Street and into the lives of South Floridians: buyers of homes and cars, owners of small businesses and people who plan to use credit cards during the upcoming holiday season. Banks are denying ...
Everything 'that could be going wrong is going wrong' - Dayton Daily NewsThe people who help the needy try to describe the current economic crisis without using cliches like "perfect storm" or "vicious circle." But they are left grasping for better words. Unemployment is on the rise, food stamp and cash assistance rolls ...

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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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