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Top teams move to 2-0 at Chess Olympiad in Germany - El Paso TimesDRESDEN, Germany—The top-ranked teams at the 38th Chess Olympiad advanced in the second round in both the open and women's section. But the U.S. men, ranked 10th, gave up a draw to Greece in the open division while the Israeli women upset the ...
Alan Bebout - Boothbay RegisterHome sales in the southern midcoast area are down a bit, with sales in Bath down by 50%. But Arrowsic home sales this year are 50% above average, with Southport and Georgetown also seeing dramatic increases. Wiscasset, Westport Island and Dresden ...
Paulson, Bernanke defend $700B bailout - Edmonton SunWASHINGTON (AP) — Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben ...
'Steady as she goes' - Winnipeg SunLt.-Gov. John Harvard delivered Manitoba's provincial throne speech yesterday, outlining the NDP government's plans for the coming year. Those plans include a flurry of bans on everything from plastic bags and making phone calls while driving to ...
Billionaire Merckle Said to Seek Aid After Volkswagen Squeeze - BloombergNov. 15 (Bloomberg) -- Germany's billionaire Merckle family is seeking to prop up an investment company battered by wrong- way bets on Volkswagen AG shares and plunging stock markets, three people familiar with the situation said. A group of more ...
Energy prices knock inflation for loop - Ottawa SunSharply falling energy prices took the steam out of inflation last month, cutting the overall rise in Canadians’ cost of living to 2.6 per cent, down from 3.4 per cent in September. On a month-to-month basis, consumer prices fell one per cent in ...
U.S. home construction sinks to record low - Winnipeg SunWASHINGTON — Construction of new homes in America plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom ...
George W Bush leaves world stage with a "goodbye" (News Feature) - Monsters and CriticsWashington - It was a farewell without fanfares, tears or dollops of praise. Instead, US President George W Bush ended his last press conference after an international summit with a simple 'goodbye.' Everyone present understood: this was no 'see you ...
April 2008 - Times Union BlogsThe Capitol. The seat of state government. Where influential politicians craft laws and crafty lobbyists peddle influence. Where hopeful citizens try to get their voices heard. Get a look behind the scenes at New York politics and statewide campaigns ...
Permanent Damage - Comic Book ResourcesSorry about last week ; gobs of work to finish, complicated by a graphic novel I spent much more time rethinking than I should have. But what're you going to do? The instant I'm done with that, it's putting together a new mini-series and associated ...
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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