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Morgan Stanley slides as analyst trims profit view - MSN MoneyCentralCHARLOTTE, N.C. (AP) - Morgan Stanley shares fell Thursday after an analyst predicted investment banks will be hurt by additional write-downs in the third quarter amid an already weak operating environment. Citi Investment Research analyst Prashant A ...
Citi cuts outlook on Lehman, Morgan Stanley, Goldman - MSN MoneyCentral(Reuters) - Lehman Brothers Holdings Inc , Goldman Sachs Group Inc and Morgan Stanley may incur further writedowns, mainly on their mortgage assets, said an analyst at Citigroup, who cut his third-quarter outlook for the U.S. investment banks. "We ...
Buy Morgan Stanley, Sell Citigroup, Goldman Says (Update1) - BloombergAug. 19 (Bloomberg) -- Goldman Sachs Group Inc. analysts led by William Tanona slashed earnings estimates for banks and brokerage firms and recommended that investors buy shares in Morgan Stanley while selling Citigroup Inc. Morgan Stanley ``is one ...
Stocks mixed as oil spikes - CNN MoneyNEW YORK (CNNMoney.com) -- Stocks were mixed Thursday, as a nearly $6 spike in oil prices lifted energy stocks, but dragged on many other areas of the market. Also in focus: financial shares, which managed to trim earlier losses despite more worries ...
Analysts see tough quarter for U.S. investment banks - ReutersBANGALORE (Reuters) - Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment. Shares of Lehman ...
As property values drop, lenders cut home-equity loans - San Diego Union-TribuneWhen he took out a $206,000 home-equity line of credit in 2007, Kevin Hall thought he'd secured all the funding he'd ever need for a major remodeling project at his Carlsbad home. SCOTT LINNETT / Union-Tribune Kevin Hall of Carlsbad discovered his ...
Goldman, Morgan, Lehman Estimates Cut by Bernstein (Update1) - BloombergAug. 20 (Bloomberg) -- Goldman Sachs Group Inc. , Morgan Stanley and Lehman Brothers Holdings Inc. had their earnings estimates reduced by Sanford Bernstein & Co.'s Brad Hintz , at least the third analyst to lower profit predictions this week. Lehman ...
Comerica shares continue decline - CNBCNEW YORK - Comerica Inc. shares continued their decline Thursday as investors continued to avoid financial stocks. Shares dropped 96 cents, or 3.6 percent, to $25.94 in afternoon trading. Shares lost 4 percent on Wednesday. In the past 12 months, the ...
Sector Snap: National bank stocks fall - ForbesShares of national banks fell Thursday, as oil prices advanced and Wall Street tackled fresh concerns about the health of the financial sector. A decline in financial stocks weighed on the broader market Thursday, as investors worry that the ...
Analysts see tough quarter for investment banks - Washington PostResize (Reuters) - Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment. Citigroup analyst ...

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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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