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Council again rejects LCCAA mortgage - Morning JournalLORAIN — A new proposal. The same result. City Council again narrowly rejected, by a 6-4 vote, a proposal last night that would have allowed the city to buy two mortgages for the Lorain County Community Action Agency's downtown offices at 502 and ...
Lorain City Council rejects LCCAA buyout - Chronicle-TelegramLORAIN — In a 6-4 vote Monday night, Lorain City Council rejected for a second time an ordinance that would have allowed the city to buy mortgages on two buildings owned by the Lorain County Community Action Agency for $450,000. Had the ordinance ...
Sound off on Vazquez deal - Atlanta Journal ConstitutionThe entry titled "Hampton is gone, while Peavy is ...," and any of the comments about it. Come back … no, good riddance … Please stay, we need you … no, please just go. Does that pretty much summarize the polarizing presence that was Mike ...
And it's over... - Spokane Spokesman-ReviewHouse Bill 2416 -- reinstating the 1 percent property tax cap -- passed handily. Senate Bill 6178 -- letting households below $57,000 postpone half their taxes, so long as they pay them back with interest when they sell the home -- also passed ...
How to request your own Homeland Security file... - Spokane Spokesman-ReviewVia the First Amendment Project, here's an easy-to-use website that walks you through requesting a copy of whatever dossier the Department of Homeland Security might have compiled on you so far. From the website: The Department of Homeland Security ...
Locke mum on future of finances for the LCCAA - Morning JournalLORAIN — One day after the Lorain City Council decided not to buy two mortgages for the Lorain County Community Action Agency's downtown offices, Executive Director William Locke says the agency is moving in a new direction. The city buying the ...
Martin and St. Lucie counties public records: Oct. 20 - Fort Pierce Tribune•Lawrence Jordano Jr. v. Robert B. Turnage. •Wachovia Bank v. Michael D. Cooper. •Orix Financial Services v. High Times Crane Inc. •Bayview Construction Corp v. JCC & Association Construction. •Franklin Credit Management v. Ronald A ...
Lorain Council to weigh LCCAA mortgage - Chronicle-TelegramLORAIN — City officials want to help keep Lorain County Community Action Agency downtown, even if it means becoming the agency’s landlord. City Council will consider on Monday whether to purchase two mortgage loans, one of which has matured, for ...
N.H. tornado victims still struggle - Boston GlobeCONCORD, N.H. - Three months after a tornado ripped a 50-mile swath through central New Hampshire, some residents are still caught in a swirl of red tape as they fight to rebuild their damaged or destroyed homes and get on with their lives. Arlene ...
Law firms act on credit bailout - Austin Business JournalLaw firms are cashing in on the widespread financial meltdown by offering services to navigate clients through the crisis as well as explore new opportunities. Hunton & Williams LLP, which has seven lawyers in Austin and 145 in Dallas, this month ...
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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