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How to determine your bank's financial health - Los Angeles Times
More people have been asking that question since the collapse of Pasadena mortgage giant IndyMac Bank in July. After the government took over the bank, many customers had to wait in line for hours before they could speak to anyone about their ...

Local Business News In Brief - Spectrum
ST. GEORGE - Tom Rutter, Branch Manager of the Southwest Region of Wells Fargo Home Mortgage would like to take this opportunity to welcome Joe and Tracy Jensen to the St. George office, located at One South Main. Joe and Tracy have twelve plus years ...

Nationwide Building Society set to merge with the Derbyshire and the ... - Times Online
Nationwide, Britain's biggest building society, is close to buying its rivals at both the Derbyshire and the Cheshire. News of the talks comes a year after Nationwide merged with the Portman Building Society, triggering windfalls of up to £1,000 for ...

Nationwide in discussions with smaller rivals - Financial Times
Nationwide, the UK’s largest building society, is in advanced talks to merge with two smaller rivals, the Cheshire and the Derbyshire, in the most high-profile sign to date of consolidation in the sector. The move comes as the fall-out from the ...

Tin Can Tavern promises canned beer, good eats - Columbia Daily Tribune
Two downtown restaurant spots that were vacated this summer have new tenants. The owners of St. Louis-based Tin Can Tavern and Grille signed a deal last week to open their third location in the 4,500-square-foot leasehold at 220 S. Eighth St. that ...

Lull denied debt protection - Kauai Garden Island News
Debt protection typically sought during bankruptcy proceedings has been denied for James Lull, the former Kapa‘a branch manager for the U.S. Financial Mortgage Corp. whose complex web of loans left many investors out in the cold, but monetary ...

Persistent phone scam operators prey repeatedly on senior citizens - Dallas Morning News
The phone rings, and Vivian steps toward it. The 90-year-old still walks with ease, but her living room is choked by clutter. Stacks of old papers, books and opened mail – heaps of it – force her through a narrow path to the grimy receiver ...

People in business - Medford Mail Tribune
William L. Glick has joined the Lithia Motors board. Glick had 34 years of experience with Ford Motor Company, where he was field organization transition manager, public company franchising manager, truck and dealer advertising manager and regional ...

49 of 50 Hancock Bank of Louisiana Branches Open for Business - MSN MoneyCentral
BATON ROUGE, La., Sept. 5, 2008 (GLOBE NEWSWIRE) -- Fewer than four days since Hurricane Gustav battered Louisiana's coastal and central regions, Hancock Bank of Louisiana has opened 98 percent of the company's Louisiana branches, including offices ...

What Businessmen Should Look For In A Commercial Property In Florida ... - Turks.US
Whether you are starting a new business or establishing a branch of your current enterprise in Florida, you need to have your own commercial property that will serve as its foundation in the region. But in order to guarantee that the commercial unit ...

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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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