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James Carroll: Making sense of $700 billion - International Herald Tribune
How much is 700 billion? The mind registers the number with such imprecision as to make it meaningless. One blogger proposed this way of grasping the figure: As a stack of $100 bills, it would reach 54 miles high. But who can imagine that? On the ...

Economic All-Stars - Boston Globe
Wanted: Business superstars of all stripes. Big egos are welcome. Polite conversations aren't. Candidates should be willing to labor around the clock. They'll be required to toil together in close proximity and at a frenetic pace. They must hammer ...

ECONOMY: Insurance giant AIG's role in market crisis probed Posted 9 ... - Carroll County Online
WASHINGTON - The government's rescue of American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700 billion bailout of the financial industry. Three former AIG chief executive ...

ECONOMY: Insurance giant AIG's role in market crisis probed Updated 12 ... - Carroll County Online
WASHINGTON - Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that ...

Liberal Scholars Hail Conservatives ‘Abandonment’ of Free Market - CNS News
(CNSNews.com) - At a discussion at the liberal New America Foundation (NAF) on Monday, a group of scholars pointed to Congress’ passing of the $700 billion bailout – legislation that was supported by many Republicans and signed into law by ...

Credit market slows home sales - Vindicator
Mahoning and Trumbull counties see home sales down for the fifth straight month. Large losses in the stock market have home buyers staying on the sidelines, a real estate official said. “It’s getting tough out there, and Wall Street is not ...

Billy's not kidding - Frederick News-Post
Billy Shreve, the Frederick real estate man, pulled up on his bicycle the other day to tell me he was thinking about running for the board of county commissioners again next time. He finished a close sixth for five spots in the Republican primary in ...

Sellers on hold - Baltimore Sun
For every home that sold in the first half of the year, 10 more would-be sellers in the Baltimore metro area were wishing, waiting, hoping. With credit and economic woes weighing on buyers, that figure is twice as high as normal. And it's night and ...

Making some sense of $700b - Boston Globe
HOW MUCH is 700 billion? The mind registers the number with such imprecision as to make it meaningless. One blogger proposed this way of grasping the figure: As a stack of $100 bills, it would reach 54 miles high. But who can imagine that? On the ...

ESCAPE Ministries to host fundraiser - Carroll County Times
Twenty years ago, a devastating house fire left a Sykesville family in dire need. Community members wanted to help the family rebuild, but there was no central group to organize the aid efforts. That's when three pastors came together and founded ...

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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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Today's Mortgage Terms starting with A