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Alabama's Riley Seeks New York's Paterson to Broker Debt Plan - BloombergOct. 7 (Bloomberg) -- Alabama Governor Bob Riley sought out New York Governor David Paterson to help broker a solution to a sewer debt crisis that has pushed the state's most populous county to the brink of bankruptcy. Riley, a Republican, called ...
Some jurors in OJ Simpson robbery trial disagreed with football star's ... - Minneapolis Star TribuneMortgage forgiven for woman, 90, who shot herself Scandal-plagued Jefferson heads to November runoff Onus on McCain to turn presidential race his way In the end, O.J. Simpson rolls snake eyes in Vegas The Nation's Weather LAS VEGAS - Jurors had been ...
Scandal-plagued Jefferson heads to November runoff - Town HallU.S. Rep. William Jefferson overcame the stigma of a federal bribery indictment in Louisiana's Democratic primary on Saturday, garnering enough votes in his New Orleans-based congressional district to secure a spot in a Nov. 4 runoff. Jefferson ...
Topics: Securities and Commodity Contracts Services - New York Daily NewsSlammed by the mortgage meltdown, financial companies have announced 103,000 layoffs this year. The job cuts run the gamut from big bucks traders to lower-paid assistants. Yet that doesn't mean the job market is at a standstill. Among the premarket ...
Biden says McCain's latest mortgage plan bails out bad bankers rather ... - NewsdayST. JOSEPH, Mo. (AP) _ Democratic vice presidential candidate Joe Biden said Thursday that Republican John McCain keeps switching responses to the economic crisis and now advocates a plan for troubled mortgages that would "reward banks and lenders ...
Biden: McCain mortgage plan rewards banks’ greed - Columbia MissourianST. JOSEPH — Democratic vice presidential candidate Joe Biden on Thursday denounced Republican John McCain's mortgage bailout plan as a way "to reward banks and lenders for their greedy behavior." McCain has proposed to devote $300 billion, some of ...
Ala. gov asks legislators to help in county's debt - Birmingham NewsBIRMINGHAM, Ala. (AP) — Gov. Bob Riley turned to legislators Tuesday for help in his attempt to find a settlement with Wall Street over Jefferson County's massive sewer debt. Riley met with Jefferson County legislators Tuesday to discuss the county ...
Biden shakes hands and swings punches in hotly contested Missouri - Kansas City StarVice presidential candidate Joe Biden pressed the flesh with supporters Thursday afternoon outside By The Book on Liberty’s town square. He also visited Jefferson City and St. Joseph, and plans to be in Springfield today. Joe Biden angrily called ...
Riley asks for help on city's sewer debt - Montgomery AdvertiserBIRMINGHAM -- Gov. Bob Riley turned to legislators Tuesday for help in his attempt to find a settlement with Wall Street over Jefferson County's massive sewer debt. Riley met with Jefferson County legislators Tuesday to discuss the county's $3.2 ...
Clock ticking on stimulus checks - Fort Wayne Journal GazetteMoney Smart Week events Several classes are being offered beginning Saturday to help people with their finances. It begins with a general fair from 11 a.m. to 3 p.m. Saturday at Glenbrook Square. Here are the remaining classes, all of which are in ...

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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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