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Denny Hecker closes 6 car lots, sells 3; GM sues - Minneapolis Star TribuneSix of flamboyant Twin Cities auto dealer Denny Hecker's dealerships have closed and three others have been sold. In a news release late Friday, Hecker said the shutdown of the Blaine Bargain Lot, Forest Lake Chrysler Jeep Dodge Mitsubishi ...
3 Arrested in Shooting Death of Lawyer - Law.comA mortgage lawyer was shot and killed during a botched ambush robbery set up by the man's business partner, who allegedly paid a stripper and her boyfriend to commit the holdup, police said Monday. The business partner, 37-year-old Ronald Thornton of ...
Fourth Suspect Charged in L.I. Lawyer's Murder - 1010WinsNEW YORK (AP/1010 WINS) -- A fourth suspect has been charged in a botched robbery attempted that left a mortgage lawyer dead in the parking lot of a Long Island restaurant. The lawyer's business partner allegedly paid a stripper and her boyfriend to ...
3 arrested in Long Island shooting death of lawyer - Contra Costa TimesYAPHANK, N.Y.—A botched ambush robbery that left a mortgage lawyer dead had been set up by his business partner, police said Monday after arresting the suspect and two people he's accused of paying to commit the holdup. The business partner, 37 ...
DEEP IMPACT: If people here lose their automotive supplier jobs, they ... - Holland SentinelThe fallout from an automotive industry collapse would ripple across the nation. Well beyond car makers, the impact would hit their suppliers, their suppliers’ suppliers and the communities where those companies do business. What happens to Johnson ...
Auto dealers plead with federal government for help - Ottawa CitizenOttawa . Canadian auto dealers are pleading with the federal government to "come up with creative measures" to help make increasingly hard-to-get credit available to the small business owners. The Canadian Automotive Dealers Association said Friday ...
Number of bankrupt Ohioans is growing and they're owing more - Cleveland Plain Dealer BlogThey owe almost twice as much as in past generations, and their ranks have expanded to include more senior citizens. "It could be anybody, from any walk of life," said Robert Keach, American Bankruptcy Institute president-elect. "Generally speaking ...
Puckett, Donnelly clash on economy - Kokomo TribuneWith the stock market continuing to plummet Friday, Indiana’s 2nd Congressional District race continued with Democratic incumbent Joe Donnelly and Republican challenger Luke Puckett far apart on the best economic course to take. Puckett toured the ...
A lifetime of possessions for sale - San Diego Union-TribunePamela Nuccio strung her artificial Christmas tree with lights. She removed her grandchildren's pictures from their frames and carefully set out her best dishes. JOHN GASTALDO / Union-Tribune Pamela Nuccio sold her belongings this month before she ...
Feelings mixed on auto industry - Detroit NewsFeelings mixed on auto industry Some think economy has doomed automakers, while others think Ford and GM can rebound. Francis X. Donnelly / The Detroit News Some thought it was the death knell for the auto industry. Others said Ford and General ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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