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Economists seek solutions in US housing - Inquirer.netSAN FRANCISCO, United States -- Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the US housing market, a key element for busting the country out of a deep ...
Small-Cap Financial Shares Defy Market, Lead Rising U.S. Stocks - BloombergJan. 1 (Bloomberg) -- In the worst year ever for financial companies, small-cap firms like First BanCorp , First Financial Bankshares Inc. and Tompkins Financial Corp. gave investors some of the best returns of 2008. As Citigroup Inc. plunged 77 ...
How to fix holes in 529 college savings plans that sank in '08 - USA TodayParents of teenagers learn to expect the unexpected. Suzy comes home one day with a pierced eyebrow and a purple mohawk. Bobby sells his trombone on eBay and uses the money to buy an electric guitar. Most parents learn to cope with such surprises ...
A great escape - Cape Cod TimesWhat a year it's been. Pop star Katy Perry hit the top of the charts by singing about kissing a girl, and Madonna made news when she stopped kissing a Guy. Britney came back from the dark side, and Michael Phelps jumped in the deep end and came home ...

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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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