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Ballard Road plans advance - SaratogianWILTON —For the most part, commercial development is already past peak in this rapidly growing community, but some areas for growth still exist. Toward that end, the town will take a more aggressive approach to marketing the Ballard Road corridor ...
Jamaican gets eight years for US mortgage-fraud scheme - Jamaica GleanerCiting the steep cost of mortgage fraud on South Florida, a Fort Lauderdale federal judge sentenced a Jamaican man to eight years in prison this week for orchestrating a $12-million mortgage-fraud scheme in Broward County. United States District ...
Report: Ga. mortgage rates among lowest - Atlanta Business ChronicleGeorgia had the second-lowest 30-year fixed mortgage rates last week, according to real estate Web site Zillow.com For the week ended Jan. 4, rates on 30-year fixed mortgages were lowest in Arizona (4.97 percent) and Georgia (4.99 percent), according ...
Tough times - Sun-JournalHow bad is it getting? The numbers don't look good in Maine. But there's hope in staying flexible, leaning on support services and spending smart. At one point last week, Community Concepts workers frantically scrambled to answer the agency's phones ...
REAL ESTATE TRANSACTIONS - Bradenton Herald$9,333,000 Ventas Realty LP to Emerivent Bradenton LLC, Pt 30-34-17, O.R. Book 02283 Page 2835, Dec. 24. $3,936,000 Am Six 3 Business Trust to Motel 6 Operating LP, L13,14 Blk A Travelers Oasis, O.R. Book 02283 Page 2383, Dec. 24. $1,735,929 Attari ...
Miscalculation doomed AIG - Nashville TennesseanThe contracts were flying out of AIG Financial Products. Hardly anyone outside Wall Street had ever heard of credit-default swaps, but by early 2005, investment banks were snapping them up to insure all kinds of deals in case of default, fueling one ...
AIG: The Company That Came To Dinner - Insurance News NetCopyright 2009 Time Inc.All Rights Reserved Fortune January 19, 2009 U.S. Edition SECTION: FEATURES; Pg. 70 Vol. 159 No. 1 LENGTH: 5956 words HEADLINE: AIG: THE COMPANY THAT CAME TO DINNER BYLINE: CAROL J. LOOMIS; REPORTER ASSOCIATE Doris Burke In a ...
A look back at 2008 - Danbury News-TimesIn a year that brought about profound change in the nation's future leadership, a year marked by United States involvement in two draining wars, a year that witnessed the deaths of Nobel Prize-winning authors and Oscar-winning actors, it would be ...
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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