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City purse 'stable' - CitizenLACONIA - Despite the sagging economy, city revenues appear to be on track for the 2008-2009 fiscal year, says Finance Director Pam Reynolds. "We're in a good, stable financial position right now and I'm optimistic that we can meet our revenue goals ...
Financing, collection top complaint list - Joplin GlobeComplaints about financing, and credit and debt collection in 2008 topped the Missouri Attorney General’s list of most common consumer complaints in the state for the second year in a row. Scott Holste, spokesman for Attorney General Jay Nixon’s ...
Business openings for Galveston County - Galveston County Daily NewsWHO: 3-Share Plan WHAT: Health benefits program WHERE: UTMB clinics in Texas City, League City and Friendswood; and UTMB Island clinic on Stewart Road in Galveston CALL: 866-607-0108 WHO: A B Sign Shop WHAT: Signs, banners, wide format printing, etc ...
Man admits drive-by killing of 2 - Buffalo NewsA LaSalle Avenue man pleaded guilty Monday to first-degree manslaughter for shooting two men to death and wounding a third in a drive-by incident two years ago outside an East Ferry Street bar. David Barlow, 30, was told by Erie County Judge Shirley ...
December 2008 - ABC News BlogsABC News’ Daniel Arnall reports: 2008 has been the most important year in the lifetime of every working-age American. It is the definition of superlative. Some of the highlights and headlines that took our breath away: Banks failed . Washington ...
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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