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Chicago Tribune Plays Name That Party: Rangel Had Interest-Free ... - News BustersIn both the printed and Web editions of today's Chicago Tribune appears the short piece, "Rangel had interest-free mortgage:" Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful ...
Inside Politics: Council members feud over attendance - Fayetteville ObserverMissed meetings, early departures and late arrivals are causing a quiet feud on the Fayetteville City Council. The issue, bubbling for weeks, boiled over at a work session last week when council members discussed whether to hold a meeting Thursday to ...
The Fine Print - Marion Chronicle-TribuneCircle K 2220 , 863 S. Main St., Upland, Aug. 18, routine; 1C, 6NC, 1R; NC, the lights in the Noble Roman’s display case are not shatter resistant or plastic covered, five days; NC, employees personal drinks not stored properly in designated areas ...
Federal Agency Compromised - OpEdNews.comBush's Bureaucratic Dark Arts: Why the Federal Register Is the Most Important Publication in America Right Now (1 comments) Bush has vowed to sprint through the final five months of his Administration, and you better believe him. Because he is ...
Foreclosures tick up slowly in Fort Worth-Arlington - Fort Worth Business PressForeclosure rates in Fort Worth-Arlington increased for the month of June over the same period last year, according to the latest numbers released by First American CoreLogic. In the Fort Worth-Arlington area, the rate of foreclosures among ...
Reports: Fannie Mae and Freddie Mac to be seized - USA Today BlogsTop executives of Fannie Mae and Freddie Mac, the mortgage finance giants, have been informed that the federal government is preparing to seize the two companies, dismiss top executives and place them in a conservatorship, according to reports in The ...
Savvy Consumer: Special programs still offer help for first-time home ... - Fort Worth Star-TelegramWhat do you think? Savvy Consumer: Texas takes lead in energy-efficient houses Savvy Consumer: Franchise tax takes bite out of small businesses What do you think? The Savvy Consumer: If you take the 401(k) cash, you may live to regret it The Savvy ...
Congress Oversight Failures - OpEdNews.comJC Garrett: Judge Denies Stay for Miers and Bolten (1 comments) District Judge John Bates handed the Bush administration another loss in its war on the Constitution and Congressional oversight yesterday. He made clear that he views the administration ...
Grains Gone Wild - Common DreamsThese days you hear a lot about the world financial crisis. But there's another world crisis under way - and it's hurting a lot more people. I'm talking about the food crisis. Over the past few years the prices of wheat, corn, rice and other basic ...
Corrections and clarifications - Milwaukee Journal SentinelAn article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...

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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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