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News about Mortgages:
Owner of Danville mall could seek bankruptcy - WSLSCity officials are keeping a close eye on General Growth Properties Inc.’s stock collapse because the Chicago-based company owns Piedmont Mall. General Growth, the second-largest U.S. shopping mall owner, had its worst trading day ever Tuesday ...
Joe Biden campaigns in Southside - WSLSJoe Biden made two stops in Southside Virginia on Friday. First, he was in Danville speaking to a crowd of roughly 600. His second stop was at the gymnasium at the Patrick Henry Community College. 700 people were there to hear a fiery speech from the ...
Mall owner could seek bankruptcy - GoDanRiver.comCity officials are keeping a close eye on General Growth Properties Inc.’s stock collapse because the Chicago-based company owns Piedmont Mall. General Growth, the second-largest U.S. shopping mall owner, had its worst trading day ever Tuesday ...
EXCO Resources, Inc. Reports Operating and Financial Results for the ... - Businesswire.comDALLAS--( BUSINESS WIRE )--EXCO Resources, Inc. (NYSE: XCO) today announced third quarter of 2008 results. Adjusted net income available to common shareholders, a non-GAAP measure adjusting for non-cash derivative gains or losses, non-cash ceiling ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
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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