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News about Mortgages:
As goes GM, so goes the Valley? - Allentown Morning CallIf America's Big Three automakers go belly up, it would be a devastating blow to the Lehigh Valley economy. That was the message local car dealers, bankers and business and labor leaders gave Thursday to U.S. Sen. Arlen Specter and U.S. Rep. Charlie ...
Wall Street cloud darkens Lehigh Valley - Allentown Morning CallCitigroup : 70,000. Wachovia : 10,000. Merrill Lynch: 5,100. Some of the biggest names in finance have been forced to shed thousands of jobs from their banking, mortgage and brokerage arms amid the economic calamity roiling the world's markets. Even ...
Business Briefs - Daily BreezeSteven A. Berkowitz announces the start of Steven A. Berkowitz & Associates, a consulting group specializing in Foreclosure Mitigation Consulting and Property Tax Reduction consulting. Berkowitz was a mortgage banker in Lee County for seven years ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including State Representative Doug Reichley criticizes Gov. Rendell for bailing out Boscov’s, Reading City Council approves a property tax hike, UGI announces rate cuts, and security measures are being ...
Lehigh County - Chicago TribuneTODAY Holiday Sale, 8 a.m.-4 p.m., Hamlet House Farm, 999 E. Cherry Road, Quakertown. Antiques, primitives, oddities. Also Saturday. 215-913-2574. St. Andrew's ELC New Orleans Group, 10 a.m.-3 p.m., Phillipsburg Mall, Kohl's Court, 1200 Highway 22 ...
Lehigh Valley Housing Market: bottoming out? - Morning CallAuthorities say high-tech crack dealers on the East End mounted a surveillance video camera on a backyard tree to keep an electronic eye out for the cops. Their vision wasn't too good because the Southampton Town Police found out about the operation ...
Small Businesses - Chicago TribuneNews, articles and information about small businesses, starting and owning and operating a small business, employment law, employment taxes, minimum wage. Show more » News, articles and information about small businesses, starting and owning and ...
Arson suspected in 1 of 2 Lehigh Acres home fires - Naples Daily NewsLehigh Acres Fire Control and Rescue District responded to home fires on Sunday and Monday. Investigators believe arson is to blame for one of them. Authorities say arson is suspected in at least one of two Lehigh Acres house fires in the past two ...
Mortgage 'help' only dug the hole deeper - Allentown Morning CallSusan Wood needed help. She fell behind on her mortgage and her Allentown home was going to be sold at sheriff's sale. Relief came in the mail, which was full of offers to save her from foreclosure. Thinking she lacked the power to renegotiate with ...
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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