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News about Mortgages:
Financial crisis: Alistair Darling should copy Warren Buffett - Daily TelegraphThe financial crisis is proving remarkably resistant to the usual remedies. It is like a disease that has acquired resistance to the normal range of antibiotics. In theory, if central banks are prepared to provide unlimited liquidity by discounting a ...
Foreclosed and forgotten - Detroit Free PressKelly Phillips was in the market for a house this spring and she figured a foreclosed home would make the best buy. Phillips, 29, a second-grade teacher, and her husband, Scott, were expecting their first child and wanted to be close to her parents ...
Economic All-Stars - Boston GlobeWanted: 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 ...
1977 lending measure not to blame for crisis - Miami HeraldI was raised by a grandmother who had to assign blame when anything went wrong. For Big Mama, there were never any accidents. When I got into a car crash while driving her to a doctor's appointment, she blamed me. Never mind that it was the other ...
Rate cuts could buoy property market - News.com.auRBA has cut official rates by 1 percentage point John Symond says lenders should pass on cuts of about 0.7 to 0.75bp In-depth : The latest interest rates news and features PROPERTY buyers and sellers will "rush back to the market" after today's huge ...
The unintended consequences - International Herald TribuneRunning through Heathrow Airport this spring, late for a flight connection, my eye briefly caught a tabloid newspaper with the glaring headline: "End of 105-percent Mortgages!!!" Recovering my sanity on the plane a half-hour later, I began to ponder ...
Many pieces go flying from mortgage implosion - Dallas Morning NewsWASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the ...
Beat the Rush to the Banks - Washington PostResize As Warren Buffett once said, you never know who's been swimming au naturel until the tide goes out. And as investors have discovered, the U.S. banking system spent the better part of the past decade's housing bubble doing an underwater ...
Pursuit of an Edge, in Steroids or Stocks - The LedgerASSET bubbles like the one that caused the current economic crisis have long plagued financial markets. But like hurricanes in the Gulf of Mexico, these disasters have been occurring with increasing frequency. If we want to prevent them, we must ...
The dangers of leverage - International Herald TribuneAsset bubbles like the one that caused the current economic crisis have long plagued financial markets. But like hurricanes in the Gulf of Mexico, these disasters have been occurring with increasing frequency. If we want to prevent them, we must ...

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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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