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Deadly Portage County accident forces I-39 reroute - WAOW
LOS ANGELES (AP) - A former senior analyst for Countrywide Home Loans and another man have pleaded not guilty in an alleged scam to download and sell customer data from the mortgage lender. Ex-Countrywide employee Rene L. Rebollo Jr. of Pasadena and ...

Bank profits still feeling pinch - Ottawa Sun
TORONTO — Canadian banks have been feeling the heat on their books since the U.S. credit crisis emerged last summer and while a year has passed, analysts suggest the latest quarterly earnings will prove that keeping away from financials stocks is ...

Details in quadruple homicide - Arlington Heights Daily Herald
After he was told his parents, sister and brother-in-law were found slain in Aurora, a vacationing Eric Hanson didn't exactly catch the first flight home. Police said Hanson refused their repeated requests to come back to Illinois or to turn himself ...

Eric Hanson: 'All I know is, I didn't do it' - Arlington Heights Daily Herald
In a wide-ranging jailhouse interview, Hanson said he was sleeping downstairs at the time police allege his parents were being shot in their bedroom. He was arrested 20 hours after the bodies were found, headed for the Minnesota home of a surviving ...

Group donates turkeys for Thanksgiving - Tribune-Democrat
LILLY — Turkey will be on the tables of needy families in the Mainline area this holiday season courtesy of local generosity. Tuesday was delivery day for the Allegheny Mountain Chapter of the National Wild Turkey Federation, as members Matt Zunich ...

MARHedge San Francisco - 13th Annual Institutional Investment ... - MAR
University of California at Los Angeles After serving as assistant and associate professor at Harvard University, Edward E. Leamer joined the University of California at Los Angeles in 1975 as Professor of Economics and served as Chair from 1983 to ...

Voter Participation - OpEdNews.com
Rafe Pilgrim: Protest Votes and Protest Zones (4 comments) We need to ask ourselves if protest votes and protest devices serve any purpose beyond insulating the abusers from the abused. Thursday, August 7: BRAD BLOG : Missouri Voter Refuses Illegal ...

How can you help? - Crain's Cleveland Business
Organization purpose: The Legal Aid Society of Cleveland is the law firm for low-income individuals in Northeast Ohio, and its mission is to secure justice and resolve fundamental problems for those who are low income and vulnerable by providing high ...

What do you think of the Packers' picks? - Milwaukee Journal Sentinel
I don’t think the packers had that bad of a draft, I truly think they picked the best players available. I would have hated to see them reach for a receiver or TE just because they needed one. It is always funny to here so called experts on one ...

Voter ID Laws - OpEdNews.com
Mary Mancini: We're Not Ready for November. We are not ready for the November election. Thursday, August 7: BRAD BLOG : Missouri Voter Refuses Illegal Demand to Show Photo ID at Poll, Gets Thrown in Jail A voter in Kansas City on Tuesday --- one I ...

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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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