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Letters: Councilman wrong on Philly's green future - Philadelphia Daily NewsCOUNCILMAN Bill Green suggests that Mayor Nutter should cut the Office of Sustainability and the bicycle and pedestrian coordinator as a "non-core service" in the city budget. While Green's desire to keep fire stations and libraries open is ...
Bank leaders brief Jackson on National City deal - Cleveland Plain DealerLisa DeJong/The Plain Dealer National City Chairman and CEO Peter Raskind, left, and PNC Chairman and CEO Jim Rohr met Tuesday with Cleveland Mayor Frank Jackson to discuss PNC's pending purchase of National City and the potential impact on 7,800 ...
Credit crunch imperils Cleveland's commercial development projects - Cleveland Plain Dealer BlogCleveland's nascent development renaissance could be standing on shaky ground, with a series of high-profile projects imperiled by the financial crisis. The subprime mortgage meltdown and turmoil in the banking industry have put a vise on credit for ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Oct. 13 through Oct. 20 Val Gene McIntire, Val Gene Mc ...
Erie County Real Estate Transactions - Buffalo News• 234 Two Rod Road, William A. Burger; Sandra V. Burger to Timothy D. Newman; Patricia Y. Newman, $182,000. • 643 Creekside Drive, Richard J. Jaskier; Laura S. Jaskier to HUD, $126,791. • 3219 Crittenden Road, Darren M. Wetzler to Elizabeth A ...
Rove Calls it for Obama: 338-200 Electoral Blowout - ABC News BlogsKarl "Permanent Republican Majority" Rove is wrong quite often -- remember "the math" in 2006? -- so Obama supporters should take his final map with that in mind. That said, it seems not insignificant that Rove writes : "The final Rove & Co ...
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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