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Columbia Association board members split on downtown development plan - Howard County Times
Howard County Council members are not the only ones who will have to approve General Growth Properties’ plan to redevelop downtown Columbia in the coming months. Because it owns several parcels of land in downtown, including Symphony Woods, the ...

Bears DB Vasher has fractured hand - FOX News
LAKE FOREST, Ill. — Chicago Bears defensive back Nathan Vasher has a fractured right hand and will miss Sunday night's game against the Minnesota Vikings when the teams meet for first place in the NFC North. Vasher, who'd missed three games earlier ...

OZ Minerals cuts projects and Hegarty - The Age
OZ Minerals is deferring a number of development projects, cutting operational costs and production and has entered negotiations to refinance debt as falling commodity prices takes its toll on the company. The company has deferred $495 million of ...

Williams returns, leads Jazz past Grizzlies - FOX News
SALT LAKE CITY — Deron Williams had 11 points and 15 assists in his return to the lineup, leading the Utah Jazz to a 117-100 victory over the Memphis Grizzlies on Wednesday night. Paul Millsap, who started in place of the injured Carlos Boozer, led ...

Russians turn away from vodka in hard times - Daily Telegraph
Russians have such a love affair with vodka that they have built a museum dedicated to it in Moscow Photo: EPA With retailers struggling to find credit and ordinary Russians being forced to change their spending, a vast lake of undrunk vodka is ...

BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily Herald
SALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...

OZ cuts Century mine's output as prices fall - The Australian
The move is in response to the plummeting metals prices that have put the company under pressure. At the same time, Owen Hegarty, the former CEO of Oxiana and architect of the merger with Zinifex that became OZ Minerals, announced he would step down ...

General Growth Properties Incorporated - Chicago Tribune
Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions ...

OZ to cut expenditure, production - ninemsn
OZ Minerals Limited (OZL) said it would defer capital expenditure worth $495 million and make budget costs to operations as a result of its review of capital and operating expenditure. The company also said it was seeking extensions on US$560 million ...

Letters to the Editor: Nov. 29 - State Journal-Register
On Tuesday, this paper published a letter charging Ameren with “changing its mind” on environmental controls. That letter is misleading and wrong. Ameren is as committed as ever to further reducing emissions from its power plants. Ameren’s ...

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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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