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KEN MORRIS: Unemployment numbers show no signs of improving - Oakland PressThe national unemployment figures were released one week ago. As expected, it was bad news, with unemployment in Michigan well above the national average. Looking at the national unemployment numbers is the equivalent of taking all 50 states and ...
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Employee robbed at Citgo on northwest side - Milwaukee Journal SentinelThe man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...
Opinion: A recession can clear the air - San Jose Mercury NewsVirtually all of America's financial and political artillery has been dragooned into the great task of heading off a recession. This is exactly the wrong way to go. As painful as it will be in the short run, a recession is just what we need. Our ...
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Collins, Jayhawks swarm Florida Gulf Coast 85-45 - Buffalo NewsSherron Collins had a career-high 25 points and No. 24 Kansas raced away from Florida Gulf Coast 85-45 in the CBE Classic on Tuesday night after raising its 2008 national championship banner. The Jayhawks (2-0) celebrated last season's national title ...
Two more arrested in Stevens Point shooting - Milwaukee Journal SentinelNov. 19, 2008 | Stevens Point - Three people are in custody for a shooting in Stevens Point that left a man wounded and the local high school locked down. Police Chief Jeff Morris says a man and woman have been arrested by detectives in addition to ...
November 2008 - Weblogs.baltimoresun.comWhenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...
Detroit bail-out: a nation in denial - Financial TimesAlmost 30 years ago I reported for my first job in the Fisher Building in Detroit, a gilt-laden, art deco marvel conceived by Albert Kahn, which stood across the street from the headquarters of General Motors. Today, the Fisher Building remains but ...
Recently in 2010 Category - New York Daily NewsHow about Christine Quinn for U.S. Senate if Hillary Clinton gives up her seat to become secretary of state? Quinn, the first woman speaker of the City Council, and also the first openly gay person to hold that post, was asked earlier today if she ...
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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