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Wrecker fees wreck beach fun Feds to grab mortgage giants New federal indictment sheds light on schemes Grand Hyatt's problems were 12 years in the making Conventions may give boost to state races Rules make it harder to find hard workers Embattled ...

easyJet passenger numbers skyrocket - MyFinances.co.uk
No-frills airline easyJet has seen passenger numbers increase significantly, following the acquisition of GB Airways. easyJet bought the airline earlier this year, and saw passenger numbers increase by 26 per cent during August when compared with the ...

Bank holds rates at 5% - MyFinances.co.uk
As expected the Bank of England has held the base rate of interest in the UK economy at five per cent. This is the fifth consecutive month the monetary policy committee (MPC) has left the rate unchanged, following a 0.25 per cent cut in April. The ...

Category: 100% Pure Cheese - Popwatch
"Ricky Schroder [pictured, left] has signed to direct Hellhounds , a telefilm that will air next year on Sci Fi Channel. The movie, set in 500 B.C., stars Scott Elrod [pictured, right, of Men in Trees fame] as Kleitos, a Greek warrior who with his ...

Real Estate Experts Offer Advice to Homeowners Facing Foreclosure - PR.com
Assist-2-Sell brokers from around the country offer advice to homeowners who are at risk of losing their homes to foreclosure. Reno, NV, April 08, 2008 --( PR.com )-- Like other real estate professionals throughout the country, Assist-2-Sell ...

The Hahns - San Francisco Gate
Hahn and his wife, Vanessa, walked away from the house this summer because the $5,000 monthly payments were as much as their take-home pay. They put it on the market and moved to Los Angeles, where Hahn had a good job lined up. They started off ...

State sees record number of homes go to foreclosure auctions, tracking ... - Modesto Bee
Potential bidders Monday as the list of homes is read on the steps of the Stanislaus County Courthouse. Monday was a record-breaking day for foreclosures in California. A staggering 5,238 properties were scheduled to be sold in auctions on courthouse ...

Brown's £2bn Tube bail out - Evening Standard
The Government is having to pay £2billion to clear the debts of failed Tube contractor Metronet, it was revealed today. The Department for Transport must hand over the money after Metronet's backers called in their loans. It marks a major ...

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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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