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News about Mortgages:
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Miller Electric to eliminate 95 jobs - Milwaukee Journal SentinelNov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...
Bryan sues area power agency - Denton Record-ChronicleAn agency that provides power to Denton and three other Texas cities is facing a legal challenge over its plan to refinance millions of dollars in debt. The city of Bryan sued the Texas Municipal Power Agency and its other members, Denton, Greenville ...
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'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
Ventas Reports $0.69 Per Diluted Share Third Quarter Normalized FFO - StreetInsider.comVentas, Inc. (NYSE: VTR ) ("Ventas" or the "Company") said today that third quarter 2008 normalized Funds from Operations ("FFO") increased 9.6 percent to $97.2 million, from $88.7 million in the third quarter of 2007. Normalized FFO per diluted ...
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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