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Vandals Trash Salvation Army Food Pantry - FOX NewsVandals cut through a fence with bolt cutters and forced their way into a standup cooler. They then trashed the area and strew food over the parking lot. Workers discovered the damage Tuesday morning. Goodwill Industries of Evansville responded with ...
With markets in turmoil, how to buy gold bars - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. With the market in turmoil, I may buy some gold ...
Denmark Eases Pension Rules to Stem Mortgage Declines (Update3) - BloombergOct. 31 (Bloomberg) -- Denmark proposed a plan to protect its $360 billion mortgage-bond market from a sell-off by pension funds, the second rescue package this month. The government, the Financial Supervisory Authority and the Danish Insurance ...
Iceland rescue deal held up after calls for guarantees - Times OnlineDemands by a group of nations, including Britain, that Iceland must compensate foreign depositors who lost money in last month's collapse of the country's banks have put a brake on a multibillion-dollar rescue package being set up by the ...
A look at economic developments around the world - ForbesFRANKFURT, Germany - The European Central Bank cut its key rate by the expected half a percentage point to 3.25 percent. But Germany's DAX finished down 353.30, or 6.8 percent, at 4,813.57. LONDON - The Bank of England slashed its benchmark interest ...
Carlsberg Cuts Forecast, Will Close British Brewery (Update3) - BloombergNov. 5 (Bloomberg) -- Carlsberg A/S , the Nordic region's largest brewer, lowered its full-year earnings and sales forecast and said it will cut jobs and close a U.K. plant amid ``deteriorating'' markets in northern and western Europe. Sales this ...
Recession watch - Guardian UnlimitedOne of the leading names in Britain's pottery industry, Royal Worcester & Spode, has gone into administration. PricewaterhouseCoopers said it was seeking a buyer for the company which employs 388 people in the UK. Joint administrator and PwC partner ...
SKorean stock index jumps 12 percent, won surges - International Herald TribuneSEOUL, South Korea : South Korea's benchmark stock index soared a record 12 percent Thursday and the won surged the most in nearly 11 years after a currency deal between the U.S. and South Korea eased fears about a possible dollar shortage. The Korea ...
SKorean stock index jumps record 12 percent, won surges, after Fed ... - Minneapolis Star TribuneSEOUL, South Korea - South Korea's benchmark stock index soared a record 12 percent Thursday and the won surged the most in nearly 11 years after a currency deal between the U.S. and South Korea eased fears about a possible dollar shortage. The Korea ...
Europe's financial crisis is spreading eastward - Christian Science MonitorBerlin - A rapidly mounting currency crisis within Eastern Europe is threatening to spill across the wider European Union, an event that could spark a second epicenter in the global financial crisis, economists say. That's why the International ...
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