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UPDATE 2-AbitibiBowater to close plants, cut jobs - ReutersNEW YORK, Dec 4 (Reuters) - AbitibiBowater Inc (ABH.N: Quote , Profile , Research , Stock Buzz ) (ABH.TO: Quote , Profile , Research , Stock Buzz ), the largest North American newsprint maker, said it would slash production and eliminate 1,100 jobs ...
FDIC's Bair warns investors fighting loan changes - SalonDec 4th, 2008 | WASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Register for FREE - Wall Street JournalWhen the hulking complex now known as the GM Renaissance Center was conceived in the wake of Detroit's 1967 riots, civic and business leaders hoped its construction along the Detroit River would help revive the city's downtown. These days it's the ...
Three commissioners decide to sell vs. lease - Grand Rapids Herald-ReviewCall it sealing the deal in the midst of a shaky economy—or—making a rushed decision that could mean the loss of money. This wager had Itasca County Commissioners at odds Wednesday as a rather large add-on item to an otherwise seemingly ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Reflections on My Journey to Ethiopia - FOX NewsWelcome back to my blog. It was a hectic few days preparing to leave for the big trip to the African continent, so I wasn't able to write a preview of the trip — so now I can do the preview and the post-view in one. Our trek to Ethiopia began as an ...
What Else Can Go Wrong? Travel Delays in Iraq - FOX NewsRick Leventhal and Col. Stacy Clardy. Click on the "behind the scenes" photos link within the blog for more snapshots from Iraq! Rick Leventhal and Col. Stacy Clardy. Click on the "behind the scenes" photos link within the blog for more snapshots ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
Business briefs - Chippewa HeraldPremium Waters, Inc. is one of the first bottled water companies to receive Safe Quality Food (SQF) Code 2000 Certification, and on Oct. 16, the Chippewa Falls production facility became the first private label water bottler plant in the U.S. to gain ...
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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