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Stocks recover ground after mortgage deal news - MSN MoneyCentralNEW YORK (Reuters) - The Nasdaq climbed to a session high on Wednesday, while the S&P 500 turned positive and the Dow pared losses following news that Citigroup Inc will support legislation to stem foreclosures. * Three Democratic senators said they ...
US STOCKS-Market recovers ground after mortgage deal news - ReutersNEW YORK, Jan 8 (Reuters) - The Nasdaq climbed to a session high on Wednesday, while the S&P 500 turned positive and the Dow pared losses following news that Citigroup Inc ( C.N ) will support legislation to stem foreclosures. * Three Democratic ...
BOND REPORT: Treasurys Head For Weekly Gain After Poor Jobs Report - CNN MoneyTreasury prices headed higher Friday, led by gains in short-term debt, after the Labor Department said the U.S. economy lost 524,000 jobs in December while the unemployment rate rose to the highest since 1993. Declines in U.S. stocks also spurred ...
Treasurys mixed after strong auction - San Francisco GateTuesday, January 6, 2009 The Treasury sold $8 billion worth of the securities, known as TIPS, and there were nearly two-and-a-half as many bids received as accepted. The auction was "very strong," noted RBS Greenwich Capital analyst Ian Lyngen. Late ...
U.S. Economy: 2008 Payrolls Drop Biggest Since 1945 (Update2) - BloombergJan. 9 (Bloomberg) -- The U.S. lost more jobs in 2008 than in any year since 1945 as employers fired another 524,000 people in December, indicating a free-fall in the economy just days before President-elect Barack Obama takes office. “Consumers ...
EU leaders meet to discuss Russia/Ukraine gas dispute which starts to ... - FXStreet.comGreenwich Mean Time, with expectations and previous figures in brackets. 05:00 JP December Vehicle Sales –22.3% Y/Y versus –27.3% November. 08:30 CH December PMI (34 to 36 versus 35.2 November). 09:30 GB December Construction PMI (versus 31.8 ...
BOND REPORT: Treasurys Gain After Weak Jobs Report - CNN MoneyTreasury prices headed higher, led by gains in short-term debt, after the Labor Department said the U.S. economy lost 524,000 jobs in December while the unemployment rate rose to the highest since 1993. Declines in U.S. stocks also spurred safe-haven ...
Treasury auctions in Germany, UK and US - FXStreet.com‘I did want to give my money away – I just didn’t expect it to be in quite this way.’ Sir Tom Hunter (1961-) Greenwich Mean Time, with expectations and previous figures in brackets. 07:00 DE November ILO Unemployment 7.1% versus 7.1% October ...
Treasurys end the week on a high note after jobs report - MarketwatchNEW YORK (MarketWatch) -- Treasury prices headed higher, led by gains in short-term debt, after the Labor Department said the U.S. economy lost 524,000 jobs in December while the unemployment rate rose to the highest since 1993. Declines in U.S ...
Giving helps fulfill basic needs - Stamford AdvocateThe Advocate and Greenwich Time Giving Fund provides assistance to families in lower Fairfield County in desperate need. The cases are provided by Family Centers and Person-to-Person with assistance from the Volunteer Center of Southwestern Fairfield ...
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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