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Taking Stock: It's no time to be betting on the housing market - Elkhart TruthDear Mr. Berko: I think the housing market will recover in the next 12 months. For that reason, I would invest in 100 shares of Hovnanian Enterprises Inc., 100 shares of Lennar Corp. and 100 shares of D. R. Horton Inc. I would buy them because the ...
Attorney general sues Rockford company for mortgage fraud - Rockford Register-StarA Rockford mortgage-rescue company was one of seven sued by Illinois Attorney General Lisa Madigan today. Madigan’s office filed the lawsuit in Winnebago County Circuit Court against StopMyForeclosure.net , which appears to be based in a home in ...
McCabe scores twice as Panthers beat Lightning 4-3 - Buffalo NewsBryan McCabe scored twice in regulation and Nathan Horton had the lone goal in a shootout for the Florida Panthers, who beat the Tampa Bay Lightning 4-3 on Tuesday night. Tomas Vokoun made 49 saves, and David Booth added a goal for the Panthers, who ...
Southern Miss. tops Alabama St. 74-61 - Buffalo NewsJeremy Wise scored a game-high 26 points as Southern Mississippi beat Alabama State 74-61 Tuesday night. Wise scored 21 of his points in the first half as Southern Miss (2-0) took a 42-32 lead at halftime. The Golden Eagles used a 12-2 run midway ...
US home construction sinks to new record low - WTOP RadioWASHINGTON (AP) - Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom, are now ...
Builders' confidence sinks to new low - CNN MoneyBuilders' confidence sinks to new low Home prices in record 9% decline Who benefits from the new Fannie-Freddie plan Mortgage rates down for 2nd week NEW YORK (CNNMoney.com) -- Homebuilders' confidence in the housing market again plunged to a record ...
Construction of homes falls to lowest on records dating to 1959 as ... - Minneapolis Star TribuneWASHINGTON - Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom, are now ...
Homebuilder shares slide as sentiment hits record low - ForbesThe index slumped five points to 9 in November. Readings below 50 mean more builders view market conditions as poor than favorable. Economists polled by Reuters had forecast the index would stay at 14 in November, the previous all-time low ...
U.S. Homebuilder Bond Investors Enjoy Strong Protections - Seekingalpha.comU.S. homebuilders have been hit hard in the credit crisis and their bonds have suffered downgrades, but because of strong covenants, investors in the sector actually enjoy greater protections than bondholders in other North American industries, said ...
Commercial property transfers - Louisville Courier-Journal• Dabs Investments LLC to White Truffle LLC, 122 Sears Ave., 40207, $1,125,000. • DADD Management Co. Inc. to Feeders Supply Co. Inc., 315 Baxter Ave., 40204, $1,100,000. • Greg A. and Lori S. Marks to Amos Martin Construction Co. Inc., 209 ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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