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This election hits voters in the pocketbook - Fayetteville Observer
RALEIGH — Unemployment is up, gas prices are up, and voters may be fed up when they cast their ballots in critical elections this November. No matter what happens, the nation will have a new president, and North Carolina will have a new governor ...

FOR FREDDIE AND FANNIE? Government outlines a plan for seizing the ... - Herald Tribune
WASHINGTON -- Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place ...

Jackson Auto closing Nimitz dealership - Honolulu Star-Bulletin
Jackson Auto Group has closed its N. Nimitz Highway dealership amid a continuing soft economy and slumping auto sales. Its Lincoln-Mercury franchise is being assumed by Honolulu Ford in a buyout, pending approval from Detroit-based Ford Motor Co ...

Business briefs - Jackson Clarion-Ledger
The 460,000-square-foot property was sold for $47.5 million. Parkway received net cash proceeds from the sale of approximately $45.8 million, a majority of which was used to pay off a mortgage on the property and pay down some company debt.

Comments about: Elated at news of Palin's candidacy - MaineToday.com
Welcome to onlinesentinel.com's reader comments forum, which is offered as a "public square" for our audience. We view this space as our readers' section of the Web site, separate from our journalistic offerings. We hope you will use the forum to ...

H&R Block Done Selling Units, New Chief Smyth Says (Update2) - Bloomberg
Sept. 5 (Bloomberg) -- H&R Block Inc. , the largest U.S. tax preparer, is done with its strategic overhaul after exiting subprime lending and will keep its bank and consulting units, Chief Executive Officer Russ Smyth said. The company will focus on ...

The Neil Entwistle case: Searching for an answer - Times Online
As Barack Obama never tires of saying, America is a country where “ordinary people can do extraordinary things”. In January 2006, Neil Entwistle, a seemingly ordinary 27-year-old Englishman with an honours degree from York University, who had ...

'Lights' will shine on Jackson County - Biloxi Sun Herald
PASCAGOULA -- Hollywood is the theme of this year's United Way of Jackson and George Counties fundraising drive. United Way hopes the "Lights, Caring, Action" initiative will raise at least $2 million, up from the total $1.8 million raised last year ...

McCain's Annoying Little Fraud - Slate
( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...

Risk and Systemic Risk - American Enterprise Institute
Speaking on August 22 at the Federal Reserve Bank of Kansas City's Annual Economic Symposium in Jackson Hole, Wyoming, Federal Reserve chairman Ben Bernanke entitled his important address "Reducing Systemic Risk." Bernanke outlined three key elements ...

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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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