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Employee robbed at Citgo on northwest side - Milwaukee Journal Sentinel
The man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...

Real estate transfers: Nov. 17 - Knoxville News Sentinel
Provision Properties LLC to East Tennessee Healthcare Development LLC, in Dowell Springs subdivision, $2,138,600. Kamilia Kozlowski to East Tennessee Healthcare Development LLC, in Dowell Springs subdivision, $1,590,426. About Face Properties LP to ...

College at Hope has phenomenal growth for future - Hope Star
The University of Arkansas Community College at Hope Board of Visitors gave its formal endorsement Friday to a $3 million construction project on campus for the Southwest Arkansas Education Cooperative as steel was being set on another $2 million ...

County seeks $6.3 million to put people in empty homes - Star-Banner
OCALA - Marion County will try to tap a new federal program to put people into homes that have been deserted by owners swallowed up by the mortgage industry crisis. The County Commission on Tuesday pushed to secure $6.3 million available under the ...

Smart strategies to help you save money - Orlando Sentinel
If anyone has found an upside to the financial crisis, it might be Nicole House. The self-described bargain hunter and her husband, Ken, recently bought a foreclosed home in Winter Springs ' Tuscawilla community. They have job security and little ...

Business Calendar - Nashville Tennessean
Tennessee Chinese Chamber of Commerce's Sixth Education/Business Forum, 6 p.m., Wang Foundation for Sight Restoration, 1801 West End Ave., Suite 1150. 6:30-7:10 p.m., "Chinese Companies Going Global" with Galen Spencer Hull, director, International ...

November 2008 (25) - Sacramento Bee
The Sacramento-area housing market did it again. Thanks to continually falling prices and a large supply of bank repos, sales held strong in October. That makes it a seventh month in which sales in the region have been stronger than the same time ...

Glut in Gorge - Columbian
STEVENSON — Five minutes from downtown’s chic new restaurants and shops, in the hills at the north edge of town, Hidden Ridge is waiting. Streets and cul-de-sacs, sidewalks and curbs, water and sewer lines and underground electrical cables are in ...

Commercial Realtors backs suit against sick pay ordinance - Milwaukee Journal Sentinel
Nov. 21, 2008 9:56 a.m. | The Commercial Association of Realtors Wisconsin said today it's supporting the Metropolitan Milwaukee Association of Commerce's legal challenge to mandated sick-leave benefits in Milwaukee. "No matter how well-intended, the ...

Today's Leader Post - Regina Leader-Post
SASKATOON -- The Saskatchewan Party convention that wrapped Sunday was as much about... "Nancy's staying in a hostel," my pal Ian casually announced to the group of middle-aged opera-lovers he was shepherding around Buenos Aires. Frankly, I was ...

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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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