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Plane facts: GM cutting back fleet - Detroit NewsGeneral Motors Corp. has been thinning its corporate jet fleet. Ford Motor Co. continues to explore ways to curtail travel expenses. And Chrysler LLC doesn't even own planes anymore. The CEOs of Detroit's Big Three didn't mention those facts this ...
2 apologize, are sentenced for roles in mortgage fraud - Columbus DispatchKenyatta Johnson's apology for her role in mortgage fraud was almost too soft to hear. Meanwhile, Dwayne L. Carter's apology yesterday in U.S. District Court was booming, and to "the city of Columbus" and mortgage-fraud victims. Federal Judge Algenon ...
Circuit City: Short circuit could spark wider fire - Times OnlineThe bankruptcy of Circuit City is a chilling foretaste of what could await us in Britain. Two years ago, the second-biggest electronics retailer in the United States was worth more than $5 billion. Yesterday, the equity was wiped out. It has already ...
American ambitions, American heartaches - Winchester StarNitza Clas of Stephens City speaks with a store clerk at Mercado La Buena on Baker Street in Winchester. As a co-pastor of Iglesia Puertas Delas Aguas, a church near Stephens City, Clas has seen many members of her congregation lose their homes ...
Residents recall tough times during the Great Depression - Winchester StarWINCHESTER — Warnings that the United States could be facing times as tough as the Great Depression prompt John Doherty to think back to when he was growing up in the 1930s. In 1935, Red Cross relief workers prepare to serve food to the needy in ...
Value of my flat has fallen by 50 per cent - Evening StandardEstate agents sell for free New forecast puts Britain on course for worst figures since 90s House sales doubled in wake of Lehman collapse Banks urged to pass on rate cuts as inflation nears peak Spending won't stop the slump, warns City MAURICE ...
World Overcomers Church Signs Deal To Buy Hickory Ridge Mall - Eyewitness NewsThe tornadoes of February 2008 took a shot at knocking down the Hickory Ridge Mall in Memphis' Hickory Hill area. Damaged neighborhoods, still without city cleanup efforts, litter the nearby area. Tornado damage is still visible at the mall site ...
'Dreadful' public borrowing figures cast doubt on Darling spending ... - Times OnlineA "dreadful" set of figures showing government borrowing running at record levels has called into question Alistair Darling's ability to spend his way out of the looming recession. As the Tories attacked the Chancellor's plans to pour billions into ...
HCA focuses on green practices - Abington MarinerHousing Corporation of Arlington (HCA), a small non-profit dedicated to affordable housing in Arlington, has made a pledge to transform the way it does business. In its five-year strategic plan, HCA has made a commitment to utilize more sustainable ...
Business Observer - Fayetteville ObserverCurtis Holland joined the company as chief financial officer. Most recently, Holland served as vice president of financial and business affairs at The Citadel. Ken Praschan joined the company as vice president of corporate compliance. Praschan had ...

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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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