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Dave Zweifel's Plain Talk: Hillary backers who vote for McCain either ... - Wisconsin State JournalThere are a lot of things I don't "get" about this crazy world we live in, but none of them baffles me more than those Hillary Clinton backers who now say they're going to vote for John McCain. The poster child for all this nonsense is none other ...
Fitch Affirms Cobalt CMBS Commercial Mortgage Trust 2007-C3 - Forbes--$12.2 million class A-1 at 'AAA'; --$107.7 million class A-2 at 'AAA'; --$93.9 million class A-3 at 'AAA'; --$45.5 million class A-PB at 'AAA'; --$783.0 million class A-4 at 'AAA'; --$367.6 million class A-1A at 'AAA'; --$201.7 million class A-M at ...
Regents' proposal is simply a money-shifting shell game - Madison Daily LeaderThe South Dakota Board of Regents wants to buy new wireless computer systems on college campuses. They propose to pay for them using a little deception. The Regents would like to shift the official date that they pay employees from the last day of ...
Ring: Democrats borrow from Madison Avenue - Record SearchlightIt's like a supercharged dream: You find yourself sliding into the driver's seat of a sleek, brand new car. Slap it into gear and you zoom ahead, through a spectacular wild-looking Western landscape. You take the curves faster than seemed possible ...
FDIC: 117 troubled banks, highest level since 2003 - Madison Daily LeaderWASHINGTON (AP) -- The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued. Federal Deposit Insurance Corp ...
Hedge funds help fill gap for lending property - AZCentral.comThree months ago, Eric Gray saw an opportunity to scoop up a vacant retail property in New York City's borough of Brooklyn. But he had a problem, one that has been plaguing many real-estate investors and owners: The nation's banks, burned by years of ...
STARRETT HOPES BIDS HIT $1B - New York PostTHE four bidders vying for Starrett City, the giant housing complex on Jamaica Bay in Brooklyn, now have until Sept. 25 to put in second-round bids - which the sellers hope could reach nearly $1 billion. At least one bidder confided that Sen. Chuck ...
Business in brief - Milwaukee Journal SentinelTomoTherapy Inc., a maker of radiation-therapy systems to treat cancer, rose as much as 12% after it said the U.S. Food and Drug Administration approved its TomoDirect technology, a complement to its Hi-Art radiation therapy system. TomoTherapy ...
Daily Digest of Business - Milwaukee Journal SentinelDaily Digest of Business From the Journal Sentinel Posted: Aug. 28, 2008 POWER Power line work to begin near Madison next week Construction will begin next week on a $133 million, 35-mile high-voltage power line in Dane and Rock counties.
Josh Hamilton and the adult baby-sitter - Corbin Times-TribuneIām so, so bad.ā ā Donna Summer Sports Illustrated recently did a cover story about Josh Hamilton and his comeback from addiction. Josh has gone to the depths of hell, but found his way back. Redemption was a combination of Jesus, his wife, 12 ...

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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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