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Citi exposed to $1.4bn loss over LyondellBasell - Financial TimesCitigroup is to suffer a $1.4bn loss on its loans to LyondellBasell, the chemical group that placed dozens of its subsidiaries under bankruptcy protection this week after failing to restructure $26bn in debt. Citi’s loss, to be recorded in fourth ...
New Laws Passed For 2009 - Grundy County HeraldExpands and renames the “elevator safety board” within the department of labor and workforce development as the “elevator and amusement device safety board” and requires the board to inspect and regulate amusement devices. Revises and adds ...
ProLogis to Host Fourth Quarter/Year End 2008 Financial Results ... - StreetInsider.comProLogis to Host Fourth Quarter/Year End 2008 Financial Results Webcast and Conference Call ProLogis Leases 282,000 Square Feet in Southern California XplosiveStocks.com: GM, WB, PLD, WMT, JPM, JNJ Hot Stocks on the Move Top 10 News Items 12/22-12/26 ...
Victor Hill files for bankruptcy - Atlanta Journal ConstitutionOutgoing Clayton County Sheriff Victor Hill filed for bankruptcy during his last week in office. Hill, who ends his single term at midnight Wednesday, filed suit Tuesday in U.S. District Court, claiming he does not have enough money to pay $1.7 ...
Searching for a Bottom in Industrial Commodities - Safe HavenWhat was viewed as inconceivable a year ago is now a reality - roughly $30-trillion of wealth was erased from global stock markets, during a brutal 15-month bear market that began in October 2007. Speculators scrambled for the exits as a crisis ...
The Ridiculous Year End Dance - American ThinkerMemo to Barack Obama. And his voters. This is what Joe the Plumber was talking about. Like most business owners, we spent the last weeks of 2008 doing the annual year end fiscal dance. Whether a business is a Subchapter S cash basis taxpaying entity ...
D.R. Horton, Inc., America’s Builder, First Quarter Earnings - MSN MoneyCentralD.R. Horton, Inc. DHI , America’s Builder, announced today that the Company will release earnings for its first quarter 2009 on Tuesday, February 3, 2009 before the market opens. The Company will host a conference call on that morning at 10:00 a.m ...
Horrible stock year ends - Wisconsin State JournalThere were probably more than a few investors and money managers who sent up a cheer, and a sigh or relief, when the clock struck midnight on New Year's Eve. Finally, the stock market nightmare of 2008 was over. Or, at least 2008 was over. "I've been ...
Good morning, Buffalo - Buffalo NewsToday is likely to be the best weather day this week, but this morning's bright skies are one of those good things that must come an end. Clouds are supposed to thicken up this afternoon, ushering in the next round of snow — 1 to 3 inches of it ...
AMCORE Financial, Inc. Announces Fourth Quarter Earnings Release Date - MSN MoneyCentralROCKFORD, Ill., Jan. 5, 2009 (GLOBE NEWSWIRE) -- AMCORE Financial, Inc. (Nasdaq:AMFI) today announced that it will release its fourth quarter results on Thursday, January 22, 2009, before the market opens. The earnings release will be followed by a ...
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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