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News about Mortgages:
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Subprime Suspects - CFO.comIn past financial blowups, auditors have paid a heavy price. After the savings-and-loan crisis of the late 1980s, for example, the Federal Deposit Insurance Corp. collected more than $1 billion in settlements from four of the then–Big Six for their ...
Here they are -- the Top 10 Political Turkeys of 2008 - CNN(CNN) -- November 27 may be Turkey Day in America, but in the world of politics, every day is turkey day. Former New York Gov. Eliot Spitzer earned his Turkey of the Year recognition for his involvement in a prostitution ring. Turkeys are foolish ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Hub developer to bid for Longhill Gardens site - Union-News & Sunday RepublicanSPRINGFIELD - Proposing a $20 million affordable-housing project at the boarded-up Longhill Gardens condominiums, a Boston developer will seek to purchase the site at an auction on Dec. 4. Gilbert J. Winn, vice president of WinnCompanies of Boston ...
Posts with tag Elections2008 - AOLPresident-elect Barack Obama faces his first political test today in Georgia, where Democrat Jim Martin is challenging incumbent Republican Sen. Saxby Chambliss in a run-off election to determine the winner of the U.S. Senate race there. Although ...
Political Insider - Atlanta Journal ConstitutionThe entry titled "Chris Wallace to Saxby Chambliss: 'Greenspan said we were headed for recession back in April'," and any of the comments about it. Saxby Chambliss, the Republican incumbent in Tuesday’s runoff for U.S. Senate, appeared in a 10 ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
ID Thieves Target Home Equity Lines - CNBCHave you checked your home equity line of credit lately? If not, you probably should. Even if you've never used a home equity line of credit, or HELOC, it's a good idea to check your three credit reports (Equifax, Experian and TransUnion) to make ...
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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