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CREDIT WOES HIT MAIN STREET VICTIMS AS WELL - New York PostIf you think the credit crunch is Wall Street's problem, think again. Countless business owners, college students and homeowners across the country are being hurt by the lack of credit. Some businesses are being forced to lay off large numbers of ...
Florida bankers say there’s money to lend - Jacksonville Business JournalThe Florida Bankers Association said banks in the state have money and are ready to lend to borrowers. The association, which represents the state’s banking industry, met with Gov. Charlie Crist to discuss the state’s economic status and give him ...
Site Presented By - SalonNaked Capitalism’s Yves Smith spots a concrete example of how the credit freeze is bringing the real economy grinding to a halt. Shipments of grain are piling up in U.S. and South American ports, unable to move because sellers no longer trust that ...
Earnings Preview : Safeway's 3Q report - ForbesGrocery-store operator Safeway Inc. reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Pleasanton, Calif.-based Safeway, like most grocers, is facing ...
Bailing Out a Boat Full of Holes - Common DreamsBOSTON - The U.S. Treasury's bonanza from Congress to hand out 700 billion dollars to Wall Street is not what the country needs to right its shaky economy, many independent experts say. "Despite the bailout, it's clear the economy is going into a ...
ECONOMY-US: Bailing Out a Boat Full of Holes - Inter Press ServiceBOSTON, Oct 7 (IPS) - The U.S. Treasury's bonanza from Congress to hand out 700 billion dollars to Wall Street is not what the country needs to right its shaky economy, many independent experts say. "Despite the bailout, it's clear the economy is ...
Mortgage firm Coldstream calls it quits, sources say - Business CourierMortgage broker Coldstream Financial Services was founded in 2003 by, from left to right, Nolan Marx, J. Scott Thompson and Jeff Herr. Amid one of the worst housing markets in history, one of Cincinnati’s largest mortgage brokerages and fastest ...
The Note: 'A Simple Mistake?' - ABC NewsJohn McCain was hoping that the mortgage buy-up plan that he offered during Tuesday's debate could help separate him from President Bush while also differentiating himself from Barack Obama. It now appears, however, that he may have given the Obama ...
He abdicated from Regal but he's still in energy's Vanguard - The IndependentAs the share price of Regal Petroleum, the London-based but Ukraine-focused oil producer, surged amid reports that Royal Dutch Shell was mounting a $1.2bn (£680m) bid for the company, a heavily moustached 52-year-old was watching the move with ...
Rate Cuts, Cash Infusion for Banks Needed Now - MSN MoneyCentralFederal National Mortgage Association (Fannie Mae) ( FNM ) Stock Quote , Chart , News , Add to Watchlist It sometimes seems like nothing -- no action by Congress, the Fed, or the Treasury -- will cure the stock market’s vertigo. In order to correct ...

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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.
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