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Can Chinese Tourism Beat the Credit Crisis? - BusinessWeek
Deluxe suite in InterContinental Century City Chengdu. Recent news from China might be causing jitters among tourism industry executives counting on a surge in business from China's newly wealthy travelers. With gross domestic product growth slowing ...

Hemsky scores lone shootout goal in Oilers' win - FOX News
NEW YORK — Ales Hemsky scored the only goal in the shootout and undefeated rookie goalie Jeff Drouin-Deslauriers made 40 saves for the Edmonton Oilers, who ended their longest road trip of the season with a 3-2 victory over the New York Rangers on ...

When Chips Are Down - Newsweek
Gaming tycoon Sheldon Adelson 's recent gyrations resemble those of Cirque du Soleil, an act he often books in his casinos. Prior to the financial crisis, the CEO of Las Vegas Sands Corp. was flying high, aggressively expanding into Asia . Now, with ...

CB Richard, Legg Mason, Liz Claiborne, Tyco: U.S. Equity Movers - Bloomberg
Nov. 11 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. Life insurers retreated after Goldman Sachs Group Inc. reduced its rating on ...

That sinking feeling - Delaware Online
From the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...

Ashland, Downey, Liz Claiborne, Stillwater: U.S. Equity Movers - Bloomberg
Nov. 11 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 11:40 a.m. in New York. Life insurers retreated after Goldman Sachs Group Inc. reduced its ...

Fresh doubt on Sands - South China Morning Post
The auditor of Las Vegas Sands Corp, operator of the Venetian Macao and Sands casino hotels in Macau , has questioned its ability to avoid bankruptcy if it fails to obtain fresh funds. Sands is in danger of defaulting on its debt repayments and ...

Lakeside owner deep in red ink - Macomb Daily
The tumbling economy lost another domino this week with the announcement that bankruptcy is possible for the corporate owner of Lakeside Mall, which owns 200 other shopping centers. General Growth Properties Inc., the nation's second largest mall ...

Vegas casinos trying to weather economic downturn - ScrippsNews
LAS VEGAS -- Casino companies' earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few ...

Even major players feel serious squeeze as revenue drops, debts rise - Las Vegas Sun
Casino companies’ earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few smaller operators ...

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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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