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Suburban Ohio school district wants a bailout, too - Fremont News-Messenger
The Olmsted Falls School District has asked the Treasury Department for $100 million from its Troubled Asset Relief Program, known as TARP. Olmsted Falls Superintendent Todd Hoadley says if automakers and cities like Philadelphia, Atlanta and Phoenix ...

TransUnion: 3Q mortgage delinquencies shoot higher - Hattiesburg American
NEW YORK — The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of ...

ANALYSIS: Looming financial crisis was ignored by Bush administration - Columbia Missourian
WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Columbia's housing, job market discussed at Economic Outlook ... - Columbia Missourian
COLUMBIA — Columbia's housing market is "nowhere near meltdown stage," but its health will depend on consumer confidence and creating new jobs. That was the message delivered on Tuesday by Robert Wolverton, president of R. Anthony Development Group ...

W.R. Grace to pay up to $140M in asbestos case - Salon
Dec 2nd, 2008 | NEW YORK -- W.R. Grace & Co. has agreed to pay up to $140 million to settle a class-action lawsuit stemming from its use of an attic-insulating product that contained asbestos. The specialty chemicals maker company will pay $30 ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

ARAB BUSINESS SEARCH - Nashra USA
Type [All Categories] Accounting Advertising Agency Air Cargo And Package Air Conditioning Air Lines Alarm Systems Appraisals Arab Airlines Attorneys Automobiles Bakeries Banks Beauty Salons Book Stores Bridal Broadcasting / Video / Audio Butchers ...

First American CoreLogic Releases Fourth Quarter 2008 Core Mortgage ... - StreetInsider.com
-- Core Mortgage Risk Index 54 Percent Higher Compared to 2002 Base Year as Economic Conditions Drive Geographic Expansion of Risk -- SANTA ANA, Calif., Nov. 26 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American ...

Black Conservatives Call for Rangel’s Removal as House Ways and ... - CNS News
Rep. Charles Rangel (D-N.Y.), the chairman of the House Ways and Means Committee (CNSNews.com) – Project 21, a prominent group of black conservative leaders, is the latest to call on Speaker Nancy Pelosi to remove Rep. Charles Rangel (D-N.Y.) as ...

Mishawaka Firm to Acquire Mortgage-Related Technology - Inside Indiana Business
Mishawaka-based DataVision Inc. is preparing to purchase a Canadian developer of technologies for mortgage lenders. DataVision has entered into a non-binding letter of intent with Most Home Corp. for the operating assets of its subsidiary, Netupdate ...

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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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