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Political Insider - Atlanta Journal Constitution
The entry titled "Chris Wallace to Saxby Chambliss: 'Greenspan said we were headed for recession back in April'," and any of the comments about it. Saxby Chambliss, the Republican incumbent in Tuesday’s runoff for U.S. Senate, appeared in a 10 ...

Recession's newly pegged start date of December 2007 is old news to ... - Phoenix Business Journal
A report released Monday by the National Bureau of Economic Research that pegs December 2007 as the beginning of the U.S. recession is not bolstering business owners’ faith in Washington’s and Wall Street’s handling of the economy. “I think I ...

The Note: Economy Confronts Obama...Again - ABC News Blogs
You don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...

UPDATE 2-Beazer loss widens as housing market deteriorates - Reuters
NEW YORK, Dec 2 (Reuters) - Beazer Homes USA (BZH.N: Quote , Profile , Research , Stock Buzz ) posted a wider quarterly loss on Tuesday, further damaging ties with its lenders, and said lower consumer confidence and reduced access to mortgage ...

UPDATE 1-Goldman shares fall as analysts see bigger loss - Reuters
NEW YORK, Dec 2 (Reuters) - Goldman Sachs Group Inc (GS.N: Quote , Profile , Research , Stock Buzz ) shares fell Tuesday on speculation the bank's fourth-quarter loss could be much larger than expected -- more than $2.5 billion -- fueled by the ...

REAL ESTATE - News-Democrat
• 2000 S. 11th St.; from Beverly Elge, trustee; to Gregory Harris; $30,000. • 318 W. Cleveland Ave.; from Christy L. Hancock and Roger L. Hancock; to Paul Steigerwald; $75,000. • 6 Pageant Court; from Mary J. Daugherty; to John Brown and Kylee ...

Records: Sunday, Nov. 23 - Chippewa Herald
Powerball – Saturday: 17, 19, 26, 32, 45. PB: 14. PP: 4. Next drawing: Wednesday, $15 million. Megabucks – Saturday: 8, 29, 34, 38, 39, 46. Supercash – Saturday: 4, 6, 12, 20, 31, 35; Friday: 6, 7, 26, 28, 29, 38. Badger 5 – Saturday: 3, 9 ...

Welcome to Bailout Ballpark - Newsday
How about John Q. Taxpayer Field? Or Joe Sixpack Park, in honor of all the people paying for it who have no chance of ever sitting in one of its 40,000 high-priced seats? Bailout Ballpark, anyone? The one thing it should not be called, under any ...

Supply of Wilmington-area homes on market shrinks - Star News Online
October sales of existing homes took a bigger tumble than expected across the country, down more than 3 percent from September’s total, the National Association of Realtors reported Monday. Locally, however, the ill winds are blowing a bit more ...

Felton's career-high 31 lead Bobcats in OT - FOX News
INDIANAPOLIS — Raymond Felton tied a career high with 31 points and the Charlotte Bobcats beat the Indiana Pacers 115-108 in overtime on Friday night. Jason Richardson finished with 21 points, D.J. Augustin scored 17 and Gerald Wallace added 16 ...

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.
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