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Couple in Everett finds success with financial map - Everett HeraldShiloh, a mostly black, shaggy dog of mixed parentage, has a special category in her family's money plan. Food, treats, health care and medical emergencies are covered. In these tough economic times when most of us are looking for ways to stretch ...
Many line up for cash, but bailout plan is faltering - Salt Lake TribuneTreasury Secretary Henry Paulson did an about-face Wednesday, saying the Treasury was officially abandoning its original strategy of buying troubled assets from banks. The announcement did little to ease anxiety for Wall Street investors. As the U.S ...
Get right side up by modifying home loan - Everett HeraldQuestion: I read your column last Sunday where you said home values will probably fall another 5 percent to 10 percent next year. That's bad news to us since our home value is already less than our total mortgage balance. We bought our home two years ...
Personnel file - Lexington Herald-LeaderCentre College: Ali Hamilton and Dawn Brown-Piatt have been named admission counselors. Shanna Heath has been named welcome center coordinator. Finance Kentucky Bank: Coy Nunemaker has joined the bank's lending department as a mortgage originator. He ...
Can Uncle Sam Keep Paying the Piper? - Barron's OnlineWHAT ONCE WAS UNTHINKABLE has happened: massive bailouts by the Treasury and the Federal Reserve, and extension of billions of the taxpayers' and the central bank's credit to a queue of petitioners that grows by the day. But what happens if the ...
Frontier Financial tries to calm investors - Seattle Post IntelligencerFrontier Financial Corp., seeking to stem a precipitous drop in its stock price, issued a statement Wednesday that its application for an infusion of capital from the U.S. Treasury Department hasn't yet been approved or rejected. The move appeared to ...
Property transactions - Duluth News Tribune2100 Water St., W105-A, Ashland Rentals LLC purchased from Beacon Point Condominiums LLC for $1,375,000, residential, 9/08. 2100 Water St., W304-A, Roger Reinardy purchased from Beacon Point Condominiums LLC for $777,500, residential, 7/08. 2100 ...
Government measures have failed to open credit taps - International Herald TribuneLONDON : Official interest rates and future rate expectations are tumbling around the world, dragging interbank lending rates lower, too. So far, however, that has failed to turn the trickle of credit into a more sustained flow. As central bankers in ...
MAHONING COUNTY - VindicatorRandolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...
Policymakers only having limited money market success - Daily Times* Up until last week, however, the money market signs were encouraging. Dollar, euro and sterling Libor were falling and various spreads were narrowing LONDON: Official interest rates and future rate expectations are tumbling around the world ...
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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