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Financial News
Regulator takes heat over IndyMac Bank failure - Los Angeles Times
WASHINGTON -- As the mortgage crisis deepened in California last year, officials in Washington put the fate of thrifts in the West in the hands of a veteran regulator who had a memorable role in the last major crisis in the savings and loan industry ...

SOWELL: Dems caused crisis. Does it matter? - The Washington Times
COMMENTARY: Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time." Unfortunately, the future of this country, as well as the fate of the Western world ...

Lincoln Apartments update - Hingham Journal
Issue: The John M. Corcoran Co., which currently manages the complex, has a purchase and sale agreement with the Abbey to buy the property for $6.4 million. The town, which has the right of first refusal, also wants to purchase it. How the issue will ...

Inside Business - Omaha World-Herald
Mortech , a Lincoln-based mortgage technology software provider, was presented with the 'Rick Stiegler Innovator of the Year' Award at the 2008 LendingTree Partner Summit. The prestigious award, named after LendingTree 's founding chief technology ...

New Obama ad links McCain to 80s S&L scandal - AZCentral.com
WASHINGTON - The John McCain campaign is criticizing Barack Obama for his relationship with 1960s radical and confessed domestic bomber William Ayers. On Monday, the Obama campaign fired back with a 13-minute video leveling accusations about McCain's ...

Dittman describes what got the economy in trouble - Lincoln Journal Star
Between mildly optimistic presentations by Federal Reserve economists, who were in Lincoln on Wednesday on their annual tour of Tenth Fed District cities, the dean of Lincoln bankers, Alice Dittman, gave a quick summary of what she believes has put ...

Daily List Of Companies Reporting Lehman Bros Exposure - CNN Money
The following is a list of companies which hold or recently held equity or debt of Lehman Brothers Holdings Inc. (LEHMQ). The list, which runs in reverse order by date of disclosure, will be updated on a daily basis as companies continue to report ...

Ford's US sales drop 34 percent in September - Forbes
Tight credit, economic worries and high gasoline prices combined to cut Ford Motor Co. 's U.S. sales once again in September, with the beleaguered automaker reporting a 34 percent decline from the same month last year. It was Ford's worst sales month ...

Another dismal month for auto sales, with Ford down 34% - Seattle Times
DETROIT — Tight credit, economic worries and high gasoline prices combined to cut Ford's U.S. sales once again in September, with the beleaguered automaker reporting a 34 percent decline from the same month last year. It was Ford's worst sales ...

Deed transfers from Oct. 6-Nov. 2 edition - Star-Banner
John Sanders to Jlotto Land Group LLC. Marion County: $80,000. J.H. Lybass Jr. Family LLC to T. Paul Bulmahn. Marion County: $800,000. Lifepointe Village Summerfield LLC to Lifepointe Village, Village View LLC. Marion County: $968,000. Ferguson ...

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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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