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UPDATE 1-MOVES-Citigroup, PGGM, ACE, Virgin Money - Forbes
Dec 4 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, please e-mail moves@thomsonreuters.com. Ace Ltd said it appointed Jim Duncan as Property & Casualty (P&C) country ...

People draw unemployment benefits at 26-year high - Boston Globe
WASHINGTON— More evidence of consumers' weary state and the nation's deteriorating job market came Thursday with reports that people continuing to draw unemployment benefits climbed to a 26-year high, while retail sales and orders to U.S. factories ...

Foreclosure: Nevadans hit hard in national crisis - Reno Gazette
Shelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...

Sponsored by: - Reno Gazette
As of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...

Public Notices - Columbia Star
NOTICE OF APPLICATION Notice is hereby given that Shanon Davis dba Big Country's Bar-b-que & Convenience intends to apply to the South Carolina Department of Revenue for a license/permit that will allow the sale ON/OFF premises consumption of Beer ...

No break in housing slump - Colorado Springs Gazette
Housing construction in El Paso County remained mired in a deep slump in November. Single-family building permits fell to the lowest monthly total in more than 17 years and mortgage foreclosures continued climbing at a record pace. Single-family ...

Homebuilding expected to pick up - Killeen Daily Herald
Killeen area homebuilders, reassured recently that troop levels at Fort Hood will stay constant and eventually increase, are still biding their time on new construction to get some surplus inventory sold before they start aggressive building again ...

Obama Transition Releases Private Donor List - Wall Street Journal
T.W. Farnam reports on politics. President-elect Barack Obama ’s transition office has released a list of private donors who have contributed $1.2 million to supplement public funding for the office. The list, which covers through Nov. 15 and will ...

Premier League Weekend Winners And Losers - Football365.com
Having claimed - with good reason - not to have seen whether Arsenal's equaliser was offside, the Arsenal manager will no doubt be derided by the tedious band of email writers who still find amusement in his selective myopia. Perhaps they ought to ...

Edward Lawrence, Reporter - Lasvegas Now
Nevada voters will play a big role in deciding the presidential election. To minimize any problems, the state set up command centers and a task force to handle potential issues. A family spokesman says the Nevada campaign director for Barack Obama's ...

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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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