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Mall's demise could doom community - CNN MoneyNEW YORK (CNNMoney.com) -- With thousands of stores closing in the economic downturn, the increase in empty space at the nation's shopping malls is leaving a hole in the hearts of once-vibrant communities. In some cases, one-quarter or more of ...
Fed plan reins in dicey mortgage policies - USA TodayWASHINGTON — The Federal Reserve, criticized for standing aside as risky subprime mortgage lending soared then crashed, did an about-face Tuesday by proposing sweeping new consumer protections. The Fed proposals would cover tens of thousands of ...
FYI: Business - Tulsa WorldThe U.S. added nearly 1,400 megawatts of wind energy capacity during the second quarter, providing enough electricity to power more than 400,000 homes, according to an industry report released Wednesday. The American Wind Energy Association said new ...
FTI Consulting Identifies Key Drivers Affecting Corporate Borrowers ... - PR NewswireBALTIMORE, Jan. 31 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN) , the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has identified several key drivers that it expects will ...
October 2008 Archives - Meganmcardle.theatlantic.comHalloween is such a happy holiday. No outsized expectations to get depressed about; just the blissful memory of too much candy. And I'm lucky enough to live near gay areas, which always do halloween right; I passed some amazingly decorated houses and ...
'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 ...
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.
View all Terms