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Frank says GOP housing attacks racially motivated - San Francisco GateThe Massachusetts Democrat, chairman of the House Financial Services Committee, said the GOP is appealing to its base by blaming the country's mortgage foreclosure problem on efforts to expand affordable housing through the Community Reinvestment Act ...
Frank explains bailout, defends role in crisis - Patriot LedgerResponding to charges that he bears some responsibility for the crisis in the mortgage industry, Rep. Barney Frank, D-Newton, said that as a minority congressman for many years he did not have the power to implement regulations sooner. After playing ...
Frank: Bailout intended to aid ‘average citizen’ - Norton MirrorResponding to charges that he bears some responsibility for the crisis in the mortgage industry, Rep. Barney Frank, D-Newton, said that as a minority congressman for many years he did not have the power to implement regulations sooner. After playing ...
U.S. Rep Frank vows more financial policing - Guardian UnlimitedNEWTON, Mass., Oct 6 (Reuters) - Blaming lax regulation for what turn into the worst U.S. financial crisis since the Great Depression, U.S. Rep. Barney Frank vowed on Monday to police banks and hedge funds more actively to avoid future financial ...
Frank: Bailout bill includes foreclosure relief - Boston GlobeNEWTON -- US Representative Barney Frank said today that homeowners facing foreclosure could renegotiate their subprime loans for new mortgages representing 87 percent of the value of their property under the bailout bill passed on Friday. The ...
Rep Frank vows more financial policing - ReutersNEWTON, Massachusetts (Reuters) - Blaming lax regulation for what turn into the worst U.S. financial crisis since the Great Depression, Rep. Barney Frank vowed on Monday to police banks and hedge funds more actively to avoid future financial ...
Frank looks ahead to the next step - Boston GlobeNEWTON - US Representative Barney Frank yesterday staked out the next battlefront in the economic crisis gripping the world: more regulation of hedge funds, investment banks, and other financial institutions. Frank, who heads the House Financial ...
Rep. Frank sees bailout tab below $700 billion - ReutersNEWTON, Massachusetts (Reuters) - U.S. Rep. Barney Frank said on Monday that the cost of the bailout package intended to avert a deep global recession will be significantly less than the $700 billion authorized last week. The chairman of the powerful ...
U.S. Rep. Frank sees bailout tab below $700 bln - Guardian UnlimitedNEWTON, Mass., Oct 6 (Reuters) - U.S. Rep. Barney Frank said on Monday that the cost of the bailout package intended to avert a deep global recession will be significantly less than the $700 billion authorized last week. The chairman of the powerful ...
Barney Frank barks back on blame - Boston HeraldU .S. Rep. Barney Frank claims some conservatives are trying to thwart new Wall Street regulation by blaming poor blacks for today’s crisis. “This is an effort, I believe, to appeal to a kind of anger in people,” Frank, a Newton Democrat who ...

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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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