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In Brief - Vancouver SunEAST RUTHERFORD, N.J. - Cleveland's LeBron James became the youngest player to score 11,000 career NBA points in Tuesday's game against the New Jersey Nets. The Cavaliers forward needed 13 points to succeed Kobe Bryant as the youngest player to reach ...
She got the car, he got the bad credit score - Los Angeles TimesDear Liz: In our divorce, my ex was awarded the car but was supposed to make the payments. She is always behind, and since my name is on the car loan my credit scores remain low. Is there any way to get my name off the loan? Answer: Typically no, at ...
Just the Facts... - Safe HavenFor the week, the S&P500 dropped 8.3% (down 45.5% y-t-d), and the Dow fell 5.3% (down 39.3%). The Morgan Stanley Cyclical index was pounded for 11.9% (down 59.8%) and the Transports for 10.6% (down 31.7%). The Morgan Stanley Consumer index dropped 4 ...
Laurel Cove developers seek new lenders - Nashville TennesseanThe developers of the Laurel Cove golf course community in Williamson County are planning to refinance after the bankruptcy of lender Lehman Brothers Holdings Inc. Tentara Partners and Legacy Properties will turn to private investors to complete the ...
Shares of mortgage originator PHH climb - ForbesShares of PHH Corp. rose Wednesday after a Keefe, Bruyette & Woods analyst said the mortgage originator's liquidity remains strong, and concerns to the contrary are unwarranted. However, analyst Bose George cut his price target on the company's stock ...
Pilgrim's Pride at end of temporary credit line - USA TodayMILWAUKEE (AP) — The sky could be falling on Pilgrim's Pride Corp., the chicken industry's biggest producer. With its temporary financing ending on Tuesday and credit markets tight all around, the company faces an uncertain future. Some analysts ...
Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
Options to solve credit challenges - Atlanta Journal ConstitutionWith mortgage delinquencies on the rise, many lenders are tightening their standards, even cutting out 100 percent financing altogether. In some cases, even borrowers with great credit are having to work harder to justify loan amounts. So what ...
PHH reports $84M in red ink - Philadelphia Business JournalGBC joins health agencies' effort to prepare for a regional disaster Engel & Voelkers grows despite sour residential market Hunt deepens ski country ties PHH reports $84M in red ink ERA Oxford, Century 21 Alliance join forces in metro Birmingham PHH ...
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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