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World's sexiest islands 2008 - MSNBC
Real life is the enemy of sexiness. Real life is a bad economy, mortgage worries, global warming. Sexiness is the act of shedding worries and slipping off the constraints of real life. Best of luck doing that at home. While finding a sexy beach is a ...

Mortgage holders cheer RBA rate cut - ninemsn
Mortgage holders and home buyers have welcomed the Reserve Bank of Australia's (RBA) latest rate cut, and more good news may be in store for the new year. The RBA has cut official interest rates by 100 basis points to 4.25 per cent, the lowest level ...

Somali pirates try but fail to hijack US cruise ship carrying more ... - Minneapolis Star Tribune
Ford Motor Co. asks Congress for $9B line of credit TransUnion: 3Q mortgage delinquencies shoot higher Fed extends key credit programs through April 30 Pirates try to hijack US cruise ship with 1,000 passengers British Airways in merger talks with ...

Rate cuts a boost for home buyers: HIA - ninemsn
Another cut in official interest rates will help more Australians live the dream of home ownership, the Housing Industry Association (HIA) says. The Reserve Bank of Australia (RBA) cut the cash rate by 100 basis points to 4.25 per cent on Tuesday ...

One year later: Vernonia still struggles with fears, housing woes - Portland Tribune
Courtesy of Columbia County Flood Relief The Country Kitchen restaurant in Vernonia was nearly submerged after flood waters swept through the town one year ago, on Dec. 3, 2007. The town is still recovering from the ...

The 120% Solution - Huffingtonpost.com
Many intelligent people I've been speaking with believe that the economic crisis facing our country today is our biggest challenge since America's inception. Intelligent folks can argue the relative risks we faced when confronted with the Civil War ...

Somali Pirates Hijack Chemical Tanker, Release Greek Cargo Ship - FOX News
NAIROBI, Kenya — Somali pirates hijacked a chemical tanker with dozens of Indian crew members Friday and a helicopter rescued three security guards who had jumped into the sea, officials said. Greek authorities, meanwhile, said a Greek-owned cargo ...

Local Video - KMOV Channel 4 St. Louis - Yahoo News
It's a St. Louis sports tradition. In fact, it's longest running high school football rivalry game west of the Mississippi. Webster and Kirkwood met for the 101st time on Thanksgiving for the annual turkey day football game. There were some serious ...

The Social - CNET News
A report on PaidContent suggests that InterActiveCorp, the media conglomerate owned by Barry Diller, may be looking to sell off some of its smaller ad-supported content properties--effectively, tossing assets overboard to lighten the load during ...

Jay Bookman - Atlanta Journal Constitution
The entry titled "Denying reality doesn't change reality," and any of the comments about it. Through the early and middle parts of the political season, right up until the September collapse on Wall Street, the Republicans were still claiming that ...

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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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