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The Empire District Electric Company Earnings Report and Declaration ... - Forbes
At the Board of Directors meeting of The Empire District Electric Company (NYSE:EDE) held today, the Directors declared a quarterly dividend of $0.32 per share on common stock payable September 15, 2008, to holders of record as of September 1, 2008 ...

Jobless claims jump as housing market gets weaker - Miami Herald
WASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...

Buy Fannie Mae, Freddie Mac Mortgage Bonds, UBS Says (Update1) - Bloomberg
July 23 (Bloomberg) -- Investors should add Fannie Mae and Freddie Mac mortgage bonds as increased purchases from mutual funds and foreign central banks make up for a drop in buying at the U.S. government-chartered companies, UBS AG said. The option ...

Housing bill won't solve market's problems - Miami Herald
WASHINGTON Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. The bill was widely praised by ...

National City Reports Second Quarter 2008 Results - MSN MoneyCentral
National City Corporation NCC reported a net loss for the second quarter of 2008 of $1.8 billion , compared to a net loss of $171 million in the first quarter of 2008, and net income of $347 million in the second quarter a year ago. The net loss was ...

July 2008 - Weekly Standard
Passionate Obama supporter Meteor Blades titled his Daily Kos essay on today’s colossal failure of a speech , “By This Foreign Policy Speech Will Future Ones Be Measured.” Fair enough – that’s why they make paint in different colors. In ...

July 2008 - Posts - MSNBC Firstread
Back in the US, Chuck Hagel had tough words for McCain, though he didn’t mention him by name. "Quit talking about, 'Did the surge work or not work,' or, 'Did you vote for this or support this,'" he said. "Get out of that. We're done with that. How ...

Mercantile Bancorp Announces Second Quarter 2008 Results - Earthtimes
QUINCY, IL -- 07/23/08 -- Mercantile Bancorp, Inc. (AMEX: MBR) today reported unaudited net income of $1.3 million or $0.15 per share for the quarter ended June 30, 2008 compared with net income of $2.4 million or $0.27 per share (adjusted for a 3 ...

Economy News - Yahoo News
WASHINGTON - Treasury Secretary Henry Paulson said Wednesday that agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis. Banks ...

Juniper Networks, Inc. Q2 2008 Earnings Call Transcript - Seekingalpha.com
Welcome to the Juniper Networks, Inc. second quarter 2008 conference call. (Operator Instructions) I would now like to turn the conference over to Kathleen Bela, Vice President of Investor Relations. Here today are Scott Kriens, Chairman and Chief ...

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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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