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Ready to start building - Stuttgart Daily LeaderSCM Architects and Baldwin and Shell Construction Company have been chosen out of 15 architectural firms and nine contractors to build the 63,000-foot Grand Prairie Center. During the Sept. 19 meeting, A selection committee of six from the college ...
XL holiday firm collapse: Massive airlift to bring 67,000 people home - Daily TelegraphUp to a quarter of a million British holiday makers could be stranded as package holiday company XL went into administration today. ; http://link.brightcove.com/services/link/bcpid1488655367/bctid1789004683 http://www.brightcove.com/channel.jsp ...
Volunteer Citizens' Advisory Group Releases Recommendation Report to ... - EarthtimesMADISON, Wis. , Oct. 15 /PRNewswire-USNewswire/ -- A citizens' group of Madison -area business and community leaders presented a series of recommendations for ensuring a financially secure and sustainable future for Madison's Overture Center for the ...
Commercial brokers plan merger - Raleigh News & ObserverThe acquisition of Trammell Crow is likely to bolster CB Richard Ellis Group's Triangle presence. CB Richard Ellis, which has 17 brokers and five property managers in Raleigh, manages a portfolio of about 4.1 million square feet locally, said Butch ...
County votes heavy turnout - Hope StarHempstead County voters went to the polls today in droves, a prospect portended for the past two weeks as early voting took on seemingly record proportions, and local voters joined the nation in finalizing their political choices for 2008. Polls ...
Maui Pine's Cole stepping down as losses mount - Honolulu AdvertiserDavid Cole, who oversaw the downsizing of Maui Land & Pineapple Co.'s pineapple operations, is stepping down as the company's CEO and chairman at the end of the year. Cole's resignation from the $4.1 million-a-year post was disclosed yesterday after ...
Mortgage Meltdown - Daily Business Reviews momentum gains for a U.S. government-sponsored plan to bail out distressed residential property owners, several South Florida congressional candidates caution any program should benefit primary homeowners and exclude speculators or owners of ...
BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain NewsDemocratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...
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