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Marriott Executive to Stake Out His Own Place in Hotel World - Washington PostAfter 16 years at Marriott International , Norman Jenkins is walking away from what appears to be a secure corporate job and stepping out on his own at a time of high economic turbulence. "I'm a contrarian, and I think it's a good time," says Jenkins ...
Space invader alert! - The AgeIn space, no one can hear you scream - right now in investor space that is. The horror unfolds all about, alien monsters surface hungry on the stock market landscape, tearing companies limb from limb, sinking their jagged fangs into punters' soft ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
The racing is over for the season but F1's off-track action is hotting ... - Daily TelegraphThe racing is over for the season but F1's off-track action is hotting up The dust has now settled on the titanic tussle earlier this month which crowned Britain’s Lewis Hamilton Formula One’s youngest-ever world champion by one point over ...
Kim to play European tour in 2009 - FOX NewsSOTOGRANDE, Spain — Anthony Kim has joined the European tour, the latest of a half-dozen U.S. tour players who have decided to take up joint membership in Europe for the 2009 season. Kim, a 23-year-old American whose two PGA Tour victories ...
European View: Gazprom keeps Spain guessing and Unaffordable luxuries - Financial TimesLast month Gazprom denied it was in talks to buy a large stake in Repsol . This week, Russia’s deputy prime minister said the large gas export monopoly was indeed considering buying a 20 per cent stake in the Spanish oil company. Both Spanish ...
Putin to rescue Deripaska over $2.5bn loan - The IndependentA final favour? How Mandelson's last act in Brussels boosted Russian oligarch The Corfu controversy: How the world really works The Bullingdon Club: When gentlemen fall out Leading article: Greek tragedy or Whitehall farce? Joan Smith: Oligarchs are ...
7 Ways for Obama to Save the Housing Market - US News and World ReportThe Great Housing Bailout of 2009 is coming. The recent announcement by Fannie Mae, Freddie Mac, and Citigroup that they plan to reduce mortgage payments for hundreds of thousands of borrowers facing foreclosures may well be just the beginning of ...
Academic Views of the Financial Mess - New York Times BlogsWe’ve been bringing you a pretty steady diet of guest bloggers who’ve addressed several different elements of the ongoing financial crisis. These have all been pieces written by economists for lay readers. Here’s a sampling of what economists ...
Tuesday, November 25 - News.com.auTHE search for a Mt Gambier man missing in India has gone hi-tech, with his family posting a moving video on the internet. HOUSEHOLD water bills will rise by at least 20 per cent next year to fund a $300 million blowout in the cost of the planned ...
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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