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Here are a few bills we think the governor should sign - Fresno BeeHistory will remember California's 2008 legislative session as a wretched failure, largely because it ended without a budget. Given our lawmakers' sorry performance, it's tempting to ignore any legislation they passed and sent to the the governor's ...
Bush pushing Congress on stimulus plan - MSNBCA look at the quotable foreign policy speeches that define George W. Bush’s presidency. Produced by Kevin Flynn and Lisa Desai. President Bush appealed on Saturday for swift congressional action on an economic rescue initiative and an electronic ...
David Jackson - Chicago TribuneA hearing on a defense motion to dismiss murder and conspiracy charges against a Japanese national accused in his wife's 1981 slaying in downtown Los Angeles ended today without a ruling. Torrance Superior Court Judge Steven Van Sicklen continued the ...
What do you think of the Packers' picks? - Milwaukee Journal SentinelI don’t think the packers had that bad of a draft, I truly think they picked the best players available. I would have hated to see them reach for a receiver or TE just because they needed one. It is always funny to here so called experts on one ...
The News in Brief - North Bay Business JournalNORTH BAY – Irvine-based investment brokerage Brookstreet Securities, which has at least five independent-contractor offices in the North Bay, may close those operations because of the declining values of its collateralized mortgage obligations, a ...

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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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