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Westwood One Reorganizes Executive Management Team - PR NewswireRod Sherwood, appointed President of Westwood One - - Gary Schonfeld named President, Network Division - - Steven Kalin promoted to President, Metro Networks Traffic Division - NEW YORK, Oct. 20 /PRNewswire-FirstCall/ -- Westwood One, Inc. (NYSE ...
Local banks shift strategy - ColumbianN. Scott Trimble/The Columbian Vancouver-based First Independent Bank says its loans to individual customers and medium-sized businesses have jumped 30 percent. The U.S. Treasury secretary frets that banks aren’t lending, a Nobel Prize winning ...
You mess in our backyard ... - Arkansas TimesMost interesting news from Stephens Media , if you're into the newspaper business. CABOT - Stephens Media Group today announced the purchase of five Central Arkansas newspapers from Magie Enterprises Inc., a family-owned publishing company that has ...
Bailout Fraud: Does the bailout pass the smell test? - OpEdNews.comThe explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent. The only clarity we have is ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
INDUSTRY NEWS & PEOPLE July 2007 - Business Travel ExecutiveThe Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...
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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