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Fla. AG: Former subprime exec gets prison term - Forbes
A former vice president for a subprime lender has been sentenced to 18 years in prison for mortgage fraud, racketeering and grand theft. Attorney General Bill McCollum's office said Orson Benn, who worked for Argent Mortgage Co., was sentenced Friday ...

Former subprime exec gets 18 year in prison - 10 News
BARTOW, Fla. (AP) — A former vice president for a subprime lender has been sentenced to 18 years in prison for mortgage fraud, racketeering and grand theft. Attorney General Bill McCollum's office said Orson Benn, who worked for Argent Mortgage Co ...

Public Notices - Columbia Star
Mark Conklin, 14 Crowson St, Sumter, SC 29150. Carolina Title Loans, 7118 Two Notch Rd, Cola, SC 29223. Accrued Charges: $2610.00 The owner /lienholder may reclaim vehicle or within fifteen (15) days of this notice by paying to the custodian of the ...

McCain Doesn’t Really Hate Economists, Does He? - New York Times Blogs
Political rhetoric tends to be overwhelmingly simple while economic analysis is often needlessly complex. This is not news. But it does make for a big disconnect between what politicians say and what they hope to do — because if they publicly said ...

Collier deputies, federal agents round up illegal aliens, gang members - Naples Daily News
NAPLES — The Collier County Sheriff’s Office teamed up with federal agents to arrest 25 criminal aliens, including two known gang members, during a two-day operation. The Sheriff’s Office’s Criminal Alien Task Force recently completed 40 ...

Web Links - WFTV
Week of August 25 Water Alerts, Notices From State of Florida Central Florida Flood Zones Brevard County Supervisor Of Elections Website Seminole County Supervisor Of Elections Website Volusia County Department Of Elections Website Week of August 18 ...

MARHedge San Francisco - 13th Annual Institutional Investment ... - MAR
University of California at Los Angeles After serving as assistant and associate professor at Harvard University, Edward E. Leamer joined the University of California at Los Angeles in 1975 as Professor of Economics and served as Chair from 1983 to ...

As foreclosures soar, dreams die - Orlando Sentinel
The one-time cattle county on Disney World's doorstep has recorded one foreclosure for every 184 residents so far this year -- compared with one for every 339 people in Orange County and one for about every 450 residents in Seminole and Lake counties ...

People on the Move - Orlando Business Journal
The Edyth Bush Charitable Foundation elected Rick Walsh to its board of directors. He was selected after an extensive search process that included an internal assessment of skill sets of current board members along with the board’s projected skill ...

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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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