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Vincent Cable: Confiscating savings from the poor is stupid and cruel - The IndependentMajestic hit by falling wine sales Economy may need a second cash boost M&S to cut 1,230 jobs and close 27 stores New car sales figures hint at impact of VAT cut Dell to axe 1,900 jobs 200-year history no comfort for Viyella Leading article: A retail ...
A bear of a year - Dallas VoiceFurry and fine studs team up for the Dallas Eagle Bear-of-the-Month calendar to raise money for AIDS Services of Dallas Vincent Duncan: Dallas Eagle Bear of 2008 Hails from: Northwest Arkansas. Arrived in Dallas: In 2001. I was always visiting a ...
Cable gives house price warning - BBC UK NewsVincent Cable has warned that house prices could fall by a further 20% as negativity about the housing market shows no sign of lifting. As figures show prices dropped a record 15.9% last year, the Lib Dem treasury spokesman said government efforts to ...
A Quick Guide to Social Welfare for the Newly Jobless - Indymedia IrelandWorkers Solidarity’s Vincent O’Malley spoke to his local Citizens Information Centre about some of the obstacles facing people who have lost their jobs. Q. What problems have people faced in accessing social welfare payments? In terms of ...
LILLO BEATS COP-MURDER RAP - New York PostAfter giving the performance of his life on the witness stand, "Sopranos" actor Lillo Brancato beat a murder rap yesterday in the slaying of an off-duty Bronx cop during a desperate hunt for drugs. The 32-year-old admitted junkie was convicted only ...
AP source: Grand jury probes NM housing authority - ForbesA state grand jury is investigating the operations of an Albuquerque-based regional housing authority that defaulted on payments for $5 million in bonds it sold to New Mexico. Witnesses have been subpoenaed to appear in early February, according to a ...
The Bailout From A to F - TimeThe Plan: In early September, the government placed mortgage guarantors Fannie Mae and Freddie Mac into receivership, saying the move would lower mortgage rates, stem foreclosures and help to relieve the financial crisis. The Result: Taking over ...
Public records: Foreclosure and bankruptcy filings - Bradenton HeraldForeclosed properties to be sold at 11 a.m. on the days listed at the Manatee County Courthouse. Listed are the borrower’s name, the property description, the amount of the trust deed, the lender and the file number. Scott R. Zick et al, $265,524 ...
Credit crisis diary: Picking his way out of the Lehman ruck - The IndependentEconomy may need a second cash boost M&S to cut 1,230 jobs and close 27 stores New car sales figures hint at impact of VAT cut 200-year history no comfort for Viyella Vincent Cable: Confiscating savings from the poor is both stupid and cruel Leading ...
Fed Policy Makers Saw ‘Substantial’ Risks to Economy (Update2) - BloombergJan. 6 (Bloomberg) -- Federal Reserve policy makers saw “substantial” risks to the slumping economy last month as they cut the benchmark interest rate to a record low and pledged to expand emergency loans if necessary. Central bank officials ...
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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