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Eric Hartley: For evicted renters, life on the edge - HometownAnnapolis.com
Tanya Pfaltzgraff has learned the sound of an empty home. Just knock on the door of a vacant house or apartment, and there's an unmistakable echo as the noise bounces off empty walls in rooms devoid of furniture. It's a sound that makes her job ...

Fannie, Freddie Takeover Ends Lobbying Effort Bigger Than GE's - Bloomberg
Sept. 9 (Bloomberg) -- The government's takeover of Fannie Mae and Freddie Mac stops one of Washington's most powerful lobbying juggernauts in its tracks after the mortgage giants had spent tens of millions of dollars thwarting efforts to increase ...

K Street loses two big clients - St. Louis Post-Dispatch
Bloomberg has a story today on one of the more salutary effects of the government’s takeover of Fannie Mae and Freddie Mac : The mortgage giants have had to shut down their lobbying efforts. The two companies spent $7.4 million on lobbying in the ...

'Smallville' flying high - Jam! Showbiz
There's a moment in the season debut of Smallville tonight when the Green Arrow, played by Justin Hartley, looks at Clark Kent, played by Tom Welling, and says, "Pretty soon you'll be sporting a home-made costume and leading a double-identity, just ...

Week in Review - Tuesday, Sep 9 - Delaware Online
Activist Karen Hartley-Nagle won a three-way primary Tuesday, easily outpacing tax accountant Mike Miller and veterinarian Jerry Northington. By the time voters had worked their way down Tuesday’s primary ballots to state Senate races, many said ...

Gordon Brown's big gamble to save HBOS – and himself - Times Online
As the Wall Street crisis began to envelop the City of London, it looked for all the world as though the Labour Party was more concerned with the fate of its leader: Gordon Brown had lost a second minister in five days and his authority was being ...

Pioneer Bank promotes eight as part of restructuring - Sioux City Journal
Pioneer Bank announces that eight senior team members have been promoted as part of an organization-wide restructure set to poise the bank for growth in 2008. Richard ''Rick'' Aadland has been part of the Pioneer Bank team for over 41 years, working ...

Business FYI - Everett Herald
Patricia Strand has joined Women's Wellness Center as its reiki master and certified tai chi "Chih Joy Through Movement" instructor. Her classes are set for 11:30 a.m. to 12:30 p.m. Thursdays at the center in downtown Everett. To learn more, call 425 ...

Coastal Post Online - Coastal Post News
"Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and thou hast forgotten me saith the Lord." Ezekiel 22:12 (King James Bible) Last summer's fall and shaky, uncertain recovery of the stock market bubble ...

1984 Republican Party Platform - CNN
The Republican Party looks at our people and sees a new dawn of the American spirit. The Democratic Party looks at our nation and sees the twilight of the American soul. Republicans affirm that now, as throughout history, the spiritual and ...

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Channing Hartley

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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