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Late rebound drives Wall Street higher - MSNBCNEW YORK - Wall Street rebounded Tuesday in another turbulent session after investors rushed back into the market when the Standard & Poor's 500 index tested a 2003 low. The market, which had been down four of the past five sessions, has been ...
BNP list includes local teacher - Biggleswade ChronicleA leaked list revealing contact details of members of the British National Party includes a teacher, a stockbroker and an ex-serviceman from Chronicle Country. The controversial list details the names, addresses and contact details for nearly 12,000 ...
Citigroup: Ten years of turmoil - Guardian UnlimitedCitigroup was formed in 1998 in a $140bn merger of Citicorp, the biggest banking group in America, and Travelers Group, an insurance company. The combine was the brainchild of Sanford "Sandy" Weill, who served as chief executive until he was forced ...
Dear Mr. Berko: - Boca Raton NewsPublished November 18th, 2008. Dear Mr. Berko: Can you explain how the big Wall Street firms used leverage, why they used it, and why it was believed to be so profitable? Please explain it in simple English so I can understand. And can you explain ...
Citigroup May End Up With U.S. Government Rescue (Update1) - BloombergNov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts. Citigroup’s $2 trillion of assets dwarfs ...
(Adds quotes, sales figures, updates headline) - ReutersNEW YORK, Nov 18 (Reuters) - Pervasive recession fears and financial market upheaval hammered U.S. home builder sentiment to a record low in November, a trade group said on Tuesday, dealing a significant blow to an already flailing housing market ...
Home builder sentiment at new low, buyers demur - ReutersNEW YORK (Reuters) - Pervasive recession fears and financial market upheaval hammered U.S. home builder sentiment to a record low in November, a trade group said on Tuesday, dealing a significant blow to an already flailing housing market. The NAHB ...
George Chamberlin's Money in the Morning - San Diego Daily TranscriptPlenty of bad economic news going around this morning and most of it is real estate related. Construction of new homes in the U.S. declined by 4.5 percent to the lowest level since the government started keeping such records in 1959. The Commerce ...
Citigroup May Get Government Rescue, Investors Say (Update1) - BloombergNov. 21 (Bloomberg) -- Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said. Citigroup has more than $2 trillion of assets, dwarfing ...
Citigroup weighs options as shares in banking giant plunge - Daily TelegraphThe bank's chief executive Vikram Pandit and British chairman Sir Win Bischoff are due to meet later today with the rest of the bank's board in New York in a bid to discuss options for the bank, the Wall Street Journal reported today. The meeting ...
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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