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Medicaid | Governors Ask for $40B for State Medicaid Programs ... - Kaisernetwork.orgPresident-elect Barack Obama and Vice President-elect Joe Biden on Tuesday met with 49 governors and governors-elect during a meeting of the National Governors Association in Philadelphia to discuss an economic stimulus package that could include ...
AP source: Patrick to name Gants for SJC vacancy - Boston GlobeBOSTON— Gov. Deval Patrick has settled on Superior Court Judge Ralph Gants to fill a vacancy on the state's highest court. An administration aide briefed on the announcement said Gants would replace retiring Supreme Judicial Court Justice John ...
Patrick names Ralph Gants for SJC vacancy - WTen.comBOSTON (AP) - Gov. Deval Patrick has nominated Superior Court Judge Ralph Gants to fill a vacancy on the state's highest court. The 11-year veteran of the Superior Court and former federal prosecutor will replace retiring Supreme Judicial Court ...
AP sources: Patrick to name Gants to Mass. SJC - Worcester Telegram & GazetteBOSTON— Gov. Deval Patrick has chosen a veteran Suffolk Superior Court judge to fill a vacancy on the state's highest court, according to a pair of administration officials briefed on the choice. Ralph Gants would replace Supreme Judicial Court ...
Housing programs mostly unscathed in budget cuts - MetroWest Daily NewsEditor's note: This story is part of a series of reports on the impact of Gov. Deval Patrick's state budget cuts. A quick reading of Gov. Deval Patrick's $11.5 million in cuts to state housing programs can leave a reader grim. A mortgage subsidy ...
New low mortgage rates out of reach - The Washington TimesA 30-year, $350,000 mortgage bearing a fixed rate of 5.25 percent instead of 6.5 percent would save a borrower $280 per month. A half-percentage-point reduction to 5.5 percent would yield a monthly savings of $111. "Many people have been sitting on ...
Former First Tennessee workers team up with Knoxville lender - Memphis Commercial AppealWith home sales and the mortgage business reaching 20-year lows, it would seem a strange time to jump into mortgage lending in Memphis. Not for Mortgage Investors Group , the 20-year-old Knoxville company that has never been in West Tennessee, or for ...
People in business - Memphis Commercial AppealJohn Ueleke , president and chief executive officer of Legacy Wealth Management, has been recognized as a top financial adviser in both Medical Economics and Worth magazines. Linda McDowell and Vanessa Bintz , both formerly with First Tennessee Home ...
Teaching ethics a necessity - Newburyport Daily NewsBarbara Hildt of Amesbury, a former state representative, was asked to testify at Wednesday's Task For on Public Integrity. Since she could not attend, she sent Governor Deval Patrick and the panel the following memo: Thank you for being concerned ...
New data for CPI basket boosts case for rate cut - Business Day South AfricaA NEW housing and rental cost survey will help lower inflation when it is incorporated into official figures next year, adding to the case for interest rate cuts. Statistics SA yesterday published data from its new owners equivalent rent (OER) survey ...

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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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