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The fight for the White House - Sydney Morning Herald
Newsweek reporters were granted extraordinary access to the Democrat and Republican presidential campaigns on condition of confidentiality until the battle was done. In this extract from A Long Time Coming , Evan Thomas and his team reveal how stress ...

Once hailed as lifesaver, Richard LaChina's world starts to crumble - Big Bear Grizzly
Three years ago, he was a hot-shot entrepreneur, ahead of his time for his young years. Today Richard LaChina is facing at least three lawsuits and foreclosures. LaChina was 31 years old when he purchased The Club at Big Bear Village in January 2005 ...

How to keep your piggy bank happy in 2009 - Lincoln Journal Star
The new year is here, but 2008’s economic woes are lingering. So we thought we’d share some old-fashioned penny-pinching tips to start 2009 on a frugal note. They come from readers and miserly co-workers, with some from rules our mothers taught ...

Winter Weather Advisory - Log Cabin Democrat
Winter weather advisory in effect until 2 pm CST this afternoon. The National Weather Service in Little Rock has extended the winter weather advisory for parts of North Arkansas until 2 PM CST this afternoon. A mixture of light rain...light freezing ...

Recession will fuel escapist revelry: Trend forecaster - Calgary Herald
Rather than seek shelter from the economic storm, cabin-feverish North Americans will drink, dance and distract themselves through the worst of it, a leading trend forecaster predicts. Gerald Celente says that, just as in the Great Depression ...

Group plans to protest Redford's environmental views at film festival - ksl.com
Mr. Redford needs to practice what he preaches! One example: I remember driving through Provo Canyon a few months ago and seeing a fairly new green SUV flying by me at speeds well above the speed limit. After catching up to this vehicle by chance ...

Around the Towns - Scranton Times
Members of Ambrose Revels American Legion Post 328 presented gifts to veterans of the Gino Merli Veterans’ Center in Scranton, said post member James Murphy. The holiday gifts were presented as part of the post’s commitment to seeing that ...

EPA found high arsenic levels day after ash spill - Knoxville News Sentinel
HARRIMAN - Local officials vouched for the safety of Roane County's drinking water and criticized environmental groups on Friday, even as data from the EPA found elevated levels of arsenic in the Emory River on the day after a Tennessee Valley ...

Grey Bruce Poetry Project - Owen Sound Sun Times
Welcome to the Poetry Project - a place to share your poetry and to enjoy the many voices of our community. Take a look at our community forum for Grey/Bruce poets. Submit your poems. Add links to your favorite poetry sites. Load up audio or videos ...

December 2008 - Posts - Slate
Well, I end the year with a mea culpa : I should have read the New Republic piece about Holocaust survivor Herman Rosenblat before piping up to defend him. But even after doing so, I agree most with this part of what one of the scholars who initially ...

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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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