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EDITOR'S INTRO: - CNBCCall it the mortgage mess, the housing slump or the credit crunch. In any case, it's been a one-of-a-kind financial crisis, whose tentacles reach far and wide. People are losing their jobs, homes—or both. Managing one's credit and debt has become a ...
Markets Mayhem - CNBCC Loading... ( ) ] at shocking lows. At the same time, credit markets are getting dicey again, worrying traders who see no solutions to mend the ailing mortgage market. More From CNBC.com ... Get After-the-Bell Dow 30 Quotes Credit ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. We’ve told you a bit already about the Securities and Exchange Commission’s case against Dallas Mavericks owner Mark Cuban (pictured, right ...
November 2008 - Weekly StandardOut on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...
September 14 - September 21 (77) - Dakota Voice► January 16 - January 23 (1) The afternoon plenary session of the FRC Washington Briefing was called Lights, Camera, Values in Action . It included speeches from Dr. Ted Baehr, president of MovieGuide, Brad Moore, president of Hallmark Hall of ...
Andrew Sargus Klein - Huffingtonpost.comThe "exchange" over at New York magazine vaguely circled around credit default swaps, the mortgage crisis, if John McCain and Phil Gramm are to blame, and the shaky issue of suggesting loans to minorities were at the heart of the crisis. First, a ...
How to Find Funds in a Credit Crunch - Inc.com"We have one of those mortgages that's all over the news right now," says Dave Tiller. That mortgage is an option adjustable rate mortgage, which allows borrowers to pay less than the interest that's accumulating on the loan -- so the amount of the ...
Quiet in the peanut gallery - Meganmcardle.theatlantic.comB.Y.: Did I suggest that headwinds are unfair? But on the financial meltdown in particular, if you're suggesting that that is a Republican creation, or even more specifically a McCain creation, I think you're on pretty shaky ground. M.T.: You don't ...
Will the Fed Save the U.S. Economy With a 75 bps Rate Cut? - DailyFxOct 15 - GBP/JPY Short-Term Technical Outlook (update) Oct 15 - Declining U.S. Retail Sales Would Validate Bullish Euro Technical Outlook Oct 15 - Forex Trading Conditions Improve After Coordinated Effort to Boost Liquidity Oct 15 - Identifying ...
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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