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Not Enough Money to Go Around - KAAL-TV(ABC 6 NEWS) -- Rochester community groups have been making their cases as to why they should be the ones to get money from federal community block grants. The Rochester City Council heard from the groups over the last several weeks. On Monday night ...
Former Citizen of Year forced to move from home she loves in ... - Fosters Daily DemocratMike Ross/Chief photographer Longtime Somersworth resident Nancy Cameron was taxed out of her home of 19 years, she said, and now rents a duplex in Rochester, a move that allows her to continue funding her son's college education. SOMERSWORTH ...
California Saved by Mom, Pop as Rates `Choke' Issuers (Update2) - BloombergOct. 17 (Bloomberg) -- California, the biggest U.S. state borrower, raised $5 billion to avert a cash shortage by turning to the bedrock of the municipal bond market: its own taxpayers. California, a bellwether for state and local government debt ...
PAETEC sees rise in revenue, stock price - Democrat and ChronicleWall Street, which has been downbeat in its assessment of PAETEC Holding Corp.'s prospects, seems a little more optimistic. The telecommunications company's shares jumped Thursday, closing above $1 for the first time since Oct. 27, as investors ...
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 ...
Foreclosures on rise in N.H., nationally - Portsmouth HeraldThe number of home foreclosures in Rockingham County are increasing, following the national trend. In the county, the number of foreclosures in September were 33, compared to 19 in September a year ago, according to information released by Real Data ...
Neighbor's sale price will likely impact you - Arlington Heights Daily Herald» Buyers are frustrated with banks, slow sales » Don't delay accepting offer on foreclosure » Lawyer is essential when buying rentals » It's wise to check the status of condo » Seller's remorse can be very costly » Hold on to rentals or sell ...
Congress Weighs Next Steps For Financial Regulation - Common DreamsWASHINGTON - As federal regulators continue to unveil new measures to reverse the global financial crisis, Congress on Tuesday began weighing what changes might be needed to restore confidence in the U.S. financial system and prevent future crises ...
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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