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FEMA to unveil new flood-plain maps of Kalamazoo County - Kalamazoo Gazette
KALAMAZOO TOWNSHIP -- Representatives from the Federal Emergency Management Agency and the Michigan Department of Environmental Quality will host an open house Monday to present preliminary flood-plain maps of Kalamazoo County and provide current ...

Budget cuts, surge in foreclosures create squeeze at South Florida ... - Fort Lauderdale Sun-Sentinel
Chilly weather may start driving more people to South Florida shelters this week, but the struggling housing market and decaying economy guarantee they'll have more trouble finding a place to sleep. Shelters in Broward and Palm Beach counties are at ...

Matter of Records November 24 - Wichita Falls Times Record News
Target Nat’l Bank vs. Barbra Delany, 5105 Rock Point, $3,073.72, V3307 P44. Midland Funding vs. Tori Richerson, 4408 McCrory, $2,085.75, V3307 P46. Target Nat’l Bank vs. Becky K. Goolsby, 1610 Fillmore, $5,106.50, V3307 P54. Union Square FCU to ...

The Doiley Lady 72-year-old crochets her way into your heart - News-Democrat
BELLEVILLE -- Real men may not eat quiche, but many cannot resist buying Pat Barhorst's hand-crocheted doilies. Stop your snickering. It's true. And, who can blame them? Once they lay eyes on the Belleville woman's dainty furniture decorations made ...

IN BRIEF: News around Downriver - News-Herald
The Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...

The Mitchell Report: What Have We Learned in the Past Year? - Bleacherreport.com
In what seems to have been a blur, the Mitchell Report was released almost a year ago. A year ago, baseball had come seemingly face to face with its dark, twisted, and contorted past that saw salaries grow the size of Barry Bond's head and witnessed ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Merck has agreed to pay $58 million to settle allegations by a few dozen states that the company used deceptive advertising to promote Vioxx ...

Open Thread - News Busters
For general discussion and debate. Possible talking point: Thanksgiving Eve. With the economy and stocks in the dumps, and socialism on the march, what are you thankful for, and what are you thinking on the Eve of the holiday season kicking off? Are ...

Habitat for Humanity pitches Belle Haven housing plan - San Jose Mercury News
Now that a long-stalled subsidized housing project in Menlo Park's Belle Haven neighborhood is back on track, nonprofit developer Habitat for Humanity Greater San Francisco is holding a meeting tonight to gather public feedback. The nonprofit wants ...

PBCSO Deputy Charged With Fraud, Larceny - WPBF News 25
PALM BEACH GARDENS, Fla. -- A Palm Beach County Sheriff's Office deputy has been charged with mortgage fraud and larceny. Deputy Aaron Strong was arrested Wednesday and has since bonded out of jail. The sheriff's office hired Strong in 2002. He was ...

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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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