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House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
My dream TV show, Part 2 - SalonWe begin our show at the mortgage broker's office, where the Honkwinders are about to lower their monthly payment and get some fast, easy cash out of their house by replacing their 30-year $350K mortgage with a one-year adjustable-rate loan on $500K ...
What Powell’s endorsement really means in Patchwork Nation - Christian Science MonitorWhen Colin Powell announced Sunday on “Meet the Press” that he was backing Sen. Barack Obama in the 2008 presidential race, the former secretary of State’s comments were breaking news on all the cable news channels. The punditocracy was quick ...
McCain slams Obama on 'redistribution of wealth' - Boston GlobeConservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...
Obama election a great mistake - Rutland HeraldThe election of Obama as president will prove to be the single biggest mistake this country has ever made. Hoover and Carter by comparison will appear excellent. I hope the bizarre and disturbing cult of personality that has grown up around this man ...
Obama effect for the world - Nation - ThailandYou are right Monte, the Big 3 leders were more than a little embarrassed by the question of chartered jets in lieu of commercial flights. Now, as Bush spent some $50,00,000 on his Inauguation Ball, I await reports on Obama's bash. If he were really ...
Republicans seek to break U.S. labor - Ironton OnlineYou might not be a supporter of all things that begin with the word “Bailout.” Most people are not. But after a decade of fictional rules that let the American banking industry become a bigger gamble than Vegas, that house of cards fell not only ...
The Next President Wants to Hear from You - Embeds.blogs.foxnews.comCHICAGO - Just days after handily winning the election, President-Elect Barack Obama has set up a new website to provide information to U.S. citizens during the transition period leading up to Inauguration Day, when he will take the oath of office 75 ...
Hip-Hop Rumors: Britney Spears Blames Rap For Divorce? Khaled Sells ... - allhiphop.comNo real two cents today...just R.I.P. to MC BREED. Also, don't forget to read The Top 10 Worst Fads In Hip-Hop History (Part 1 of 2) . Part 2 is on the way. I have to type it up and get it up on the site. IF YOU SEE SOMETHING, SAY SOMETHING ...
What will media be like under Obama presidency? - Waterloo Cedar-Falls CourierOther than themselves, is there anyone or anything that the major media likes more than Barack Obama? There was a political cartoon making the rounds that made this point. It showed Obama as the Pied Piper of Hamelin being followed by a merry bunch ...
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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