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Ministers call on Warren Riley to release the names of cops in New ... - New Orleans Times-PicayuneMichael DeMocker / The Times-Picayune During a press conference Tuesday held by area ministers in the CBD, Patricia Grimes, mother of Adolph Grimes III, the man shot to death by New Orleans police officers on New Year's Day, wails as she is supported ...
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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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