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East Allegheny residents taking neighborhood to new heights - Pittsburgh Post-GazetteErin Conley in front of the home she purchased on Suismon Street on Pittsburgh's North Side. The home was rehabilitated by Allie DePasquale of October Development. East Allegheny's wallflower days may be over. The North Side neighborhood has seen a ...
Real-Time News - Newark Star-LedgerThey met as teenagers, finding a common bond in the love of study and the love of faith. Both went on to become rabbis in Judaism's ultra-Orthodox Chabad-Lubavitch movement. Mendy Kasowitz settled in West Orange. Gavriel Holtzberg ended up across the ...
Voters say it was worth the wait - Detroit Free PressEvery parking space was filled at 7 a.m. at Pine Lake Elementary. West Bloomfield resident David Steuer arrived in a line that stretched past Miss Sally's Infant Room and the main hallway leading to the principal's office. "Four years ago I got here ...
Oakland taps its first female prosecutor - Detroit NewsSOUTHFIELD -- Shutting down drug houses. Pursuing mortgage foreclosure cases. Revamping the Prosecutor's Office. Those are just a few of Jessica Cooper's goals in the aftermath of her victory over state Rep. David Law for Oakland County prosecutor ...
Tough race turns nasty: Candidates trade barbs in campaign for Oakland ... - Detroit NewsFARMINGTON HILLS -- The race for prosecutor in Oakland County, where voters have tended to favor Republicans for the job in the last 30 years, is being closely watched for evidence that the political landscape is changing in favor of Democrats. The ...
U.S. New-Home Sales Unexpectedly Rise as Prices Drop (Update1) - BloombergOct. 27 (Bloomberg) -- Sales of new houses in the U.S. unexpectedly rose in September from a 17-year low, propelled by a drop in prices ahead of the latest turmoil in financial markets. Purchases increased 2.7 percent to an annual rate of 464,000 ...
U.S. Economy: New-Home Sales Increased in September (Update1) - BloombergOct. 27 (Bloomberg) -- Sales of new houses in the U.S. were unexpectedly rising before credit markets froze this month, having rebounded from a 17-year low thanks to a drop in prices. Purchases increased 2.7 percent in September to an annual rate of ...
Business events scheduled for the coming week - Boston GlobeNEW YORK -- Conference Board releases leading indicators for September, 10 a.m. WASHINGTON -- Weekly Treasury auction; Weekly Treasury briefing. LOS ANGELES -- Sentencing of former Milberg Weiss law firm partner David Bershad in lawsuit kickback case ...
Pistons brawler sentenced to 45 days - Traverse City Record-EagleTRAVERSE CITY -- A man who allegedly helped spark a massive brawl at a Detroit Pistons basketball game in late 2004 is behind bars in Oakland County following a drunken driving incident in Garfield Township. A Grand Traverse County judge sentenced ...
Read our live blog from Michigan polling places - Detroit Free PressA group of more than a dozen Wayne State University medical students set out this afternoon with hundreds of bottles of water, dropping by several Detroit polling stations to make sure voters remained hydrated. They thanked them for voting, handed ...
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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