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Fire alarm: The cost - NewsdayBack in the 1930s when Coram was little more than a wide spot in a woodsy country road, its volunteer firefighters held Halloween dances and chicken barbecues to pay off the firehouse mortgage. Seventy years later, with about $5 million in annual tax ...
Chuck Prince Dances, Banks Play Chicken: Game Theory for Crisis - BloombergNov. 19 (Bloomberg) -- When John Q. Public views the credit crisis, he sees pinstriped bankers getting bailouts and the worst global stock-market slump in more than three decades. Len Fisher sees a game of chicken, an overgrazed pasture, and bankers ...
Reverse mortgage seminar on December 4 - CitizenLACONIA — In the midst of rising costs and an uncertain economy, seniors on fixed incomes are finding it increasingly difficult to make ends meet. Those who own their own homes face the extra burden of property taxes, repairs and other household ...
Why did Republicans lose in the 2008 elections? - Town HallTreasury Secretary Hank Paulson finally confirmed what lonely bailout opponents tried to tell the American public all along: The man doesn't know what the hell he's doing. Paulson held a bazooka to taxpayers' heads. He groveled on his knees in front ...
Paulson: The naked emperor - SpectrumPaulson held a bazooka to taxpayers' heads. He groveled on his knees in front of Democratic House Speaker Nancy Pelosi. He lured leaders from both political parties into linking arms in a panicked Chicken Little line dance for the beleaguered ...
Michelle Malkin: ‘Never mind,’ says Paulson - State Journal-RegisterTreasury Secretary Hank Paulson finally confirmed what lonely bailout opponents tried to tell the American public all along: The man doesn’t know what the heck he’s doing. Paulson held a bazooka to taxpayers’ heads. He groveled on his knees in ...
Hank Paulson, Naked Emperor - Tyler Morning TelegraphPaulson held a bazooka to taxpayers’ heads. He groveled on his knees in front of Democratic House Speaker Nancy Pelosi. He lured leaders from both political parties into linking arms in a panicked Chicken Little line dance for the beleaguered ...
Should you keep paying your mortgage? - San Francisco GateIf you have significant equity in your home, absolutely. If you don't, it's getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many reasons not to pay. Last week, the ...
Ron Paul: The End of Dollar Hegemony, 2006 speech - Gator CountryPeople like to blame capitalism, greed, "neocons", mortgage-backed securities, GSEs, and many other suspects for the world economic meltdown taking place. They are wrong. What needs to be understood is that those are only the symptoms - not the ...
State News - Pine Bluff CommercialPine Bluff Commercial, Nov. 16: Most children are familiar with the fable about Chicken Little. The chick assumed the sky was falling after being struck on the head by an acorn. She rounds up Goosey Loosey, Henny Penny and Foxy Loxy to spread the ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
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