Davis Mortgage Rates and Information Online from competing Lenders

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Palin stretches truth in campaign speeches - Washington Post
Republican vice presidential candidate Gov. Sarah Palin, R-Alaska, speaks to supporters and members of the media at a rally, Tuesday, Oct. 7, 2008, at The Jacksonville Landing in Jacksonville, Fla. (AP Photo/Jake Roth) (Jake Roth - AP) Republican ...

Palin chastizes Obama over campaign claims but stretches the truth ... - Minneapolis Star Tribune
JACKSONVILLE, Fla. - Republican vice presidential candidate Sarah Palin tells audiences the election is about the "truthfulness and judgment" needed to be president. But the Alaska governor often stretches the truth herself. She has exaggerated the ...

Meltdown: With Eye on Election, GOPers Grab for Raines - ABC News
Republicans angry at what they perceive to be Democratic efforts to blame the economic crisis on the GOP are threatening to drag ex-Fannie Mae CEO Franklin Raines before the bright lights to answer questions. Raines, who left the mortgage giant in ...

Congress scolds former executives of American International Group over ... - Minneapolis Star Tribune
Longer than anyone, and he is a senior economic advisor to John McCain. What the Board of Directors of AIG did was fraudulent - hiding … read more their exposure from auditors while writing themselves huge checks. And McCain's campaign chairman ...

TARP, Baby! - Slate
Field Poll Blasts Times Poll: The people who run the Field Poll not only think the L.A. Times poll (showing Davis on the verge of beating the recall) is full of it , they think the L.A. Times ' defensive explanation for why its poll is different is ...

Waxman bashes AIG's luxury spending - Yahoo News
With the bailout vote in the rearview mirror and the stock market still spiraling downward, Rep. Henry A. Waxman (D-Calif.) found a new target Tuesday, questioning why insurance giant American International Group took executives to an exclusive ...

top stories in Opinion - Wall Street Journal
1 of 10 In a September 1984 campaign speech, Walter Mondale, the Democratic presidential nominee and former vice president, asked, "Do you really want Jerry Falwell to pick the next two judges to the Supreme Court?" What reminded us of this was a ...

BofA deal may help borrowers keep homes - Santa Rosa Press Democrat
Bank of America agreed to cut interest rates and, in some cases, even reduce the principal balances for nearly 400,000 customers of Countrywide Financial Corp., the troubled mortgage lender it acquired last summer. "It should help in a big way. We ...

Davis: Bailout bill will pass - Cincinnati.com
Northern Kentucky U.S. Rep. Geoff Davis said today he is "absolutely confident" Congress will pass a financial industry bailout bill. "This is going to get fixed, I believe with all my heart," Davis, a two-term Boone County Republican, told The ...

AIG's ex-CEOs blamed for crisis - CNN Money
NEW YORK (CNNMoney.com) -- A House committee chairman blasted former chiefs of American International Group Inc. on Tuesday, blaming their huge paychecks and the company's lavish style for the federal government's $85 billion bailout of the insurer ...

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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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