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Group Combats Military Recruitment In Schools - Common DreamsEAST WENATCHEE - The "counter recruiters" are on a mission; their fight is over the military's access to students at school. "Is it the mission of schools to provide for the national defense? That's the question," said Marion Ward, president of ...
Deep Throat revealed - Spokane Spokesman-ReviewTurns out that Mark Felt, the well-hidden source who helped Bob Woodward and Carl Bernstein break the Watergate story, was also a Twin Falls native and UI grad. Not many people left on campus to share fraternity party stories, though. Also coming up ...
Wild Card -- Weekend - Spokane Spokesman-ReviewOnly 3 more days until we get after it again in the new year. I hope you're enjoying yourselves as 2005 comes to an end. If you have some thoughts on the old year or resolutions for the new one, you can post it here. Or start your own thread. Or wait ...
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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