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U.S. automakers to submit plans to Congress - MSNBCDec. 2: According to a panel of economists, America’s economy has been shrinking since last December. CNBC’s Jim Cramer talks to TODAY’s Meredith Vieira about the possible impact of a long-term downturn. WASHINGTON - Detroit's automakers ...
Gas prices could be "very, very fightening" in future, MPs told - Daily TelegraphConsumers who were expecting significant falls in their energy bills over the next few years – which have risen by more than 40 per cent in 2008 – could be disappointed, Alistair Buchanan, the chief executive of Ofgem, told an influential group ...
Bush: Bank Buyout Needed 'To Preserve Free Market' - Common DreamsWASHINGTON - President Bush on Tuesday took the wraps off a historic and reworked financial-rescue plan, confirming that the United States will take equity stakes in nine banks, backstop virtually all non-interest-bearing bank accounts and guarantee ...
Brown tells the lenders to cut mortgage rates - ScotsmanBANKS were under growing pressure last night to pass on dramatic savings to borrowers after the Bank of England slashed interest rates by 1.5 percentage points. Only Lloyds TSB confirmed it would adjust mortgage rates immediately, despite demands ...
Most Visited - Nolanchart.com(Libertarian) [Princeton "Economist," Paul] Krugman says Obama is correct on [the] Economy. [a] Government must SPEND now to save the Economy. The Deficit is not important right now. This must be the knockout blow to the McCain campaign! This may be ...
funny :+2 - ksl.comWhen they could have done something about it. The signs were there, I saw them and so did many other people. This bailout is nothing but an attempt steal tax payers money to keep irresponsible companies in business. Paulson and Bernanke have already ...
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.
View all Terms