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Lincoln Financial sees 3Q profit falling sharply - ForbesInsurer Lincoln Financial Group said Friday its third-quarter profit fell between 42 and 59 percent, hurt by investment losses. The company also cut its dividend for the period. For the three months ended Sept. 30, the insurance company said it ...
Investors Skeptical Of Life Insurers' Rosy Mortgage View - CNN MoneyCHICAGO -(Dow Jones)- Life insurers are beginning to follow the same script as banks and bond insurers in reporting big market-value write-downs on their investment holdings. So far, the markets aren't buying insurers' insistence that theirs is a ...
Lincoln Financial Group Announces Preliminary Third Quarter 2008 ... - ForbesPHILADELPHIA, Oct. 10 /PRNewswire-FirstCall/ -- Lincoln Financial Group (NYSE: LNC) today announced preliminary third quarter results, including an update on the company's capital and liquidity positions. Net income is expected to be in the range of ...
Regulator takes heat over IndyMac Bank failure - Los Angeles TimesWASHINGTON -- As the mortgage crisis deepened in California last year, officials in Washington put the fate of thrifts in the West in the hands of a veteran regulator who had a memorable role in the last major crisis in the savings and loan industry ...
USS Lincoln in Hawaii - Everett HeraldJames McCusker, a Bothell economist, said Congress did the right thing to revive the credit markets, even though the law is far from perfect. "The economics of this is easier to understand than the politics of it," said McCusker, who writes a column ...
Obama and the Echoes of Lincoln - Newsweek BlogI was going to write today about Barack Obama’s roots in Chicago — how that city, more than any place, made him. But I got sidetracked reading the Chicago history of Abraham Lincoln, the only president “from” that city. He often rode up from ...
Bank of America settles lawsuit over bad mortgages - Lincoln Daily News[ October 06, 2008 ] S PRINGFIELD, Ill. (AP) -- Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois ...
The shock is in the mail - Fort Wayne Journal GazetteIf you’re a casual investor, you might feel lately as if you’re back in a high school economics class, struggling with new vocabulary every day. Try to wade through news stories about the financial meltdown, and you have to navigate phrases such ...
SOWELL: Dems avoid blame for crisis - The Washington TimesCOMMENTARY: Abraham Lincoln said, "You can fool all the people some of the time and some of the people all the time, but you can't fool all the people all the time." Unfortunately, the future of this country, as well as the fate of the Western world ...
Insurance giant AIG's role in market crisis probed - Lincoln Daily News[ October 07, 2008 ] W ASHINGTON (AP) -- The government's rescue of American International Group Inc. last month is getting a critical eye from lawmakers examining the chain of events that forced a $700 billion bailout of the financial industry ...

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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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