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Short Selling Video Gallery - CNBC
China Launches Short-Sellin... Regulators in China hoped that the launch of short-selling and margin trading will support the country's markets. Jerry ... S&P, Euro, Gold to Fall Fur... More downside for the S&P 500 index, at least for the short term ...

Hub Territory banks practice low-risk lending, which keeps them safe ... - Kearney Hub
Hub photo by Brad Norton Kearney banks have not been affected by Wall Street’s financial troubles because they depend primarily on deposits to finance loans and rarely make subprime mortgage loans to those with poor or limited credit histories ...

AIG May Need to Sell More Units Than Planned to Repay U.S. Loan - Bloomberg
Oct. 2 (Bloomberg) -- American International Group Inc. head Edward Liddy , who promised investors a smaller, nimbler company after selling units to repay an $85 billion U.S. loan, has shareholders wondering if there will be anything left to run ...

AIG May Need to Sell More Units to Repay U.S. Loan (Update2) - Bloomberg
Oct. 2 (Bloomberg) -- American International Group Inc. head Edward Liddy , who promised investors a smaller, nimbler company after selling units to repay an $85 billion U.S. loan, has shareholders wondering if there will be anything left to run ...

Nationwide says house prices fall at record pace - Times Online
House prices fell 1.7 per cent last month to post their biggest annual drop since records began, according to Nationwide Building Society. Prices sank for the eleventh consecutive month and are now 12.4 per cent lower than a year ago, with the ...

France seeks €300bn rescue fund for Europe - Times Online
France heaped pressure on Gordon Brown last night by floating an ambitious plan for a ¤300 billion (£237 billion) bailout fund to rescue crippled banks across Europe. As the world held its breath on the fate of America’s $700 billion bank bailout ...

Spain threatens solo move to protect bank savers - Times Online
Spain's Government today threatened to go it alone and raise the guarantee limit on bank deposits unless the European Union (EU) acts to provide confidence to savers. The Spanish daily El Mundo reported this morning that Economy Minister, Pedro ...

Enter e-mail address of recipient: - Afro American Newspaper
"Thanks in part to personal calls from... Obama."  (October 3, 2008) - Thanks in part to personal calls from presidential candidate Sen. Barack Obama, several Congressional Black Caucus members flipped their votes and helped pass a Wall Street ...

Senate backs reworked bailout plan - Globe and Mail
Golden Selector from Canada writes: I guess, that the press and Wall St. just don't ( want to ) get it. The opposition to this deal runs at 70% in the US. And half of Congress faces the electorate in 5 weeks. It ain't gonna happen pal. No way and no ...

Economy in crisis means troubled playing fields ahead for sports - ESPN.com
Living in the lap of luxury boxes, as Hef and his Playmates did at this Lakers game in 2001, is going to be harder for fans to manage and franchises to market in the current and future sports economy. You've probably seen curious things in recent ...

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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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