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Did PartyGaming Head Own Plane Used in Suitcase Scandal? - Gambling 911
The "Suitcase Scandal" or maletinazo (derived from the word maletín, which in Spanish means "suitecase") began when Guido Alejandro Antonini Wilson, a Venezuelan-US entrepreneur, arrived in Argentina on a private flight hired by Argentine and ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC 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 ...

Feds Urge Lenders To Refinance - CBS News
The federal government has started a program to encourage mortgage lenders to refinance high-interest subprime loans rather than foreclosing. Wyatt Andrews reports. Flash Player is required to view video on CBSNews.com Windows Media Player is ...

British holiday hotspot goes under - Times Online
THE global financial meltdown finally hit where it hurts last week, as two popular holiday resorts collapsed into insolvency. The La Manga Club, a resort in southern Spain favoured by football clubs including Manchester United, as well as tennis ...

Wall Street rises after report on economy - International Herald Tribune
Stocks on Wall Street were higher Thursday, swinging across a wide range as investors weighed a painful report on the nation's economy against signs that the flow of credit had been restored. The Dow Jones industrial average was about 180 points ...

Stocks rise in U.S. despite weak GDP figures - International Herald Tribune
PARIS : Stocks rose in the United States following a robust rally in Asia as several central banks joined the Federal Reserve in lowering their official interest rates. The Dow Jones index climbed 0.7 percent and the Nasdaq was up 0.6 percent. The S ...

Street of risk and loss - San Diego Union-Tribune
A "repo" bus tour through Otay Ranch stopped recently on Little Lake Street, where more than half the houses on one block have gone into foreclosure in the past three years. Background: More than 23,600 homes in the county have been subjected to ...

Remarks by the President at Signing of H.R. 3648 - ChristianNewsWire
THE PRESIDENT: Thank you all for coming. Welcome to the White House. I'm pleased to sign a bill that will help homeowners who are struggling with rising mortgage payments. The Mortgage Forgiveness Debt Relief Act of 2007 will protect families from ...

Bank of China sniffs HBOS - bbc
Bank of China , the giant Chinese bank, is the mystery bank that Jim Spowart and European American Capital hope will make an offer for HBOS to stymie the takeover bid from Lloyds TSB. It would be quite an event were it to happen. If Bank of China ...

Valhi Reports Third Quarter 2008 Results - PR Newswire
DALLAS, Nov. 5 /PRNewswire-FirstCall/ -- Valhi, Inc. (NYSE: VHI) reported a net loss of $23.2 million, or $.20 per diluted share, in the third quarter of 2008 as compared to a net loss of $52.7 million, or $.46 per diluted share, in the third quarter ...

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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
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