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States press Congress, Obama for economic stimulus package - Miami HeraldWASHINGTON -- Facing financial woes at home, state officials continued to press Congress to boost the economy by giving federal money to folks they know will spend it: the unemployed, the poor and road builders, among others. The pitch to House ...
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 Version)" "Let us Prohibit in effective fashion all corporations from making ...
STANTON BARRETT RISKS HIS LIFE SO HE CAN RISK HIS LIFE - FOXSports.comI'M WARNING you at the door: This is a love story with no satisfaction. It's got plenty of Hollywood but none where you really need it. The hero will do anything to possess the one he has loved since adolescence. He'll run through flames, jump off ...
Site Presented By - SalonIn the brand-spanking-new issue of the Economist's Voice, economist and Nobel Prize laureate Joseph Stiglitz takes a look back at a paper he wrote almost 20 years ago "commenting on the move -- just beginning then -- towards securitization ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Barclays, which recently acquired most of the North American operations of Lehman Brothers Holdings, today announced the new leaders of its ...
Merit Is Not A Dirty Word - Huffingtonpost.comThis Thanksgiving weekend, as I watched events unfold abroad, I was most grateful that the foolishness of election time is over. I don't miss the comedy, the verbs gouged and adjectives gutted, the nouns torn at the seams and fashioned into slogans ...
Viewing all entries for: December 2008 - Economist.comThere has been a fascinating discussion taking place on depression economics. Paul Krugman, who's rereleasing his book on the subject, touched off the latest round with a note on wage policies, aggregate demand, and aggregate supply. Greg Mankiw ...
Sniper from first Gulf War needed help - Peninsula Daily NewsPORT TOWNSEND -- Clay Neideigh is a quiet, gentle man who knows what it's like to live in harm's way. He also knows what it is like to scramble to provide a secure environment for his children. He was an Army sniper in the Middle East during the ...
Paulson shoots another arrow into the heart of the Economy - OpEdNews.comThe announcement today of a deal reached between the U.S. Treasury and the moribund insurance giant, A.I.G. provides a very lucid insight in to the nefarious and destructive world of the Troubled Asset Relief Program, otherwise known as T.A.R.P..Not ...
Globe editorial board editor on why Harper should resign - Globe and MailDarcy Meyer from Canada writes: John, you didn't take one question from someone defending Harper or posing an arguement why he should not resign. This would contrast your view and stance, and allow you to show your justification for such a call. I ...
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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