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Slow economy puts pressure on Oneida Tribe and casinos - Green Bay Press-GazetteONEIDA — Tough economic times are trickling down to the Oneida Tribe of Indians. Fewer people are spending money at Oneida Bingo & Casino and more members of the tribe are looking for financial help. While the casino in Ashwaubenon, a huge part of ...
Oneida Tribe of Indians look to diversify as gambling income declines - Post-CrescentFewer people are spending money at Oneida Casino and Bingo and more members of the tribe are looking for financial help. While the casino in Ashwaubenon, a huge part of the tribe's financial success, isn't facing the same type of slowdown that has ...
New Loretto director: Facility will go on - Observer-DispatchStephanie Benner said she plans to work as the executive director of the Loretto Utica Center for many years. That, she said, should ease the minds of people who are concerned that the organization will fold because of troubles paying the mortgage ...
Prudential First merging with Hunt Real Estate - Oneida DispatchBUFFALO — Buffalo-based Hunt Real Estate Corporation will be merging with Prudential First Properties and taking over operations of both businesses. Hunt Real Estate operates two residential real estate brokerage offices in Syracuse with 85 agents ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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