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Teles Properties Rings in New Year with Addition of Top-Producing ... - Earthtimes
LOS ANGELES - (Business Wire) As the New Year begins, Los Angeles-based Teles Properties welcomes yet another leading Westside agent, Marny Maslon, to its extraordinary team of luxury market leaders. Boasting an extremely successful real estate ...

Foreclosure bumper crop for California in 2008 - Los Angeles Times Blogs
California mortgage defaults and foreclosure sales shot up 131% in 2008 over the previous year, according to real estate data provider Default Research Inc. and reported by Bloomberg News on Tuesday. The jump accompanied steep home price declines ...

Business Bankruptcies - Minneapolis Star Tribune
This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...

WRAPUP 1-B of A, Wells close mergers as banking transforms - TradingMarkets.com
The Merrill takeover was completed on Thursday, ending more than 94 years of independence for the Wall Street investment bank and brokerage. The Wachovia merger closed on Wednesday, marking the denouement for a lender that started in 1879 with what ...

Residential real estate - San Francisco Business Journal
One way to look at the future of residential real estate is in terms of the classic supply and demand dynamic, except that those two factors are unlike anything industry veterans have ever seen. On the supply side, developers in both San Francisco ...

AFC has lion’s share of football’s best this season - Buffalo News
The AFC is the dominant conference in the NFL. That’s the conclusion to draw from the 2009 NFL All- Pro team, selected by this voter for both the Associated Press and Pro Football Weekly. The AFC has 15 of the 24 spots on the team, counting the ...

County may feel bite of recession through 2009 - San Luis Obispo Tribune
For many San Luis Obispo County residents, 2008 didn’t end soon enough — with its painful housing market decline, falling stock portfolios, rising unemployment, growing state budget deficit, credit crunch and nervous consumers who curbed spending ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. New York Times columnist David Brooks took a nice stroll today through the Wall Street and corporate donors to Barack Obama’s campaign. Then ...

Business openings for Galveston County - Galveston County Daily News
WHO: 3-Share Plan WHAT: Health benefits program WHERE: UTMB clinics in Texas City, League City and Friendswood; and UTMB Island clinic on Stewart Road in Galveston CALL: 866-607-0108 WHO: A B Sign Shop WHAT: Signs, banners, wide format printing, etc ...

Mall owners hit the wall - Tracy Press
Though the owners of Tracy’s West Valley Mall are fighting to stave off bankruptcy, local officials say the retail center’s business will continue as usual. A shopper walks out of the West Valley Mall Friday afternoon. The mall’s owners face ...

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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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