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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...
Home Foreclosure: Here's One Man's Story - CNBCIn Washington, they're talking about housing from 30,000 feet . Here in West Sacramento California, I'm seeing it from sea level. In a beautiful development where houses came on the market in 2004 for $700,000, I'm looking at a foreclosed house on ...
Gambling industry avoids worst of downturn - Financial TimesDownturn, what downturn? That was the defiant message coming out of bookmaker William Hill on Monday, as it offered evidence that the economic misery starting to grip the nation is for now leaving some parts of the gambling industry relatively ...
Hammers and City takeovers went wrong, says deal-maker - Guardian UnlimitedFormer Prime Minister Thaksin Shinawatra of Thailand sold Manchester City after 14 months at the helm. Photograph: David Longstreath/AP Keith Harris, the chairman of the merchant bank Seymour Pierce and a former Football League chairman, is the prime ...
Lake Barrington man led massive swindle, feds say - Arlington Heights Daily HeraldFederal authorities Wednesday took over the case against a Lake Barrington Shores man accused of scamming the elderly and the unsuspecting out of their homes and property. In the process, the feds added numerous accusations against Charles H. Landwer ...
Credit counseling: Help or hindrance? - Minneapolis Star TribuneElizabeth Sherman did her prebankruptcy filing credit counseling requirement on a computer in her attorney Tim Theisen’s storage room. Anyone filing for bankruptcy must first complete counseling, another expense of the process since the 2005 ...
Motor Coach Industries Granted Final Approval from Court to Continue ... - PR Inside- MWW Group: Mr. Rich Tauberman, 202-585-2282 rtauberman@mww.com or Ms. Susan Kenney, 201-964-2392 skenney@mww.com Motor Coach Industries ("MCI" or the "Company") today announced the final approval of all of its "first day motions" by the United ...
Congress, Bush team agree on some terms of bailout - Denton Record-ChronicleWASHINGTON – Congress moved closer Monday to authorizing a $700 billion bailout of banks and other institutions crippled by bad housing investments, but sought to impose limits on executive compensation at rescued companies and wider relief for ...
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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