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Pension-payment deferral / Digging a deeper hole - Atlantic City PressWhen does it stop? For years, financial experts have sounded alarms about shortfalls in the state pension fund. Yet the state continued underfunding the accounts and failed to significantly ratchet back benefits for new employees. The problem ...
Life in the Clown-Car Fast Lane - Article.nationalreview.comYou people had better get used to it, though, because hijinks and shenanigans like these are going to be the order of the day for at least the next four years. After all, we are the Tammany Party — the party of Slavery, Segregation, Sedition, and ...
Realty company tied to medical mart project is asking for federal ... - Cleveland Plain Dealer BlogCuyahoga County has pinned its hopes for the medical mart on a private-sector partner whose owners are warning the government that they could need a federally funded bailout to survive. Officials at a New York-based mega-landlord called Vornado ...
New lease on life - Courier-PostPerched on a droopy hill in Haddonfield since 1956, the neglected Markeim Art Center was breaking down last spring, as were those who had hung their hopes and dreams on its existence. "You couldn't even display the art that was acceptable to artists ...
Some leftover Truths for the New Year - FOXSports.comJason Whitlock brings his edgy and thought-provoking style to FOXSports.com. Columnist for the Kansas City Star , he has won the National Journalism Award for Commentary for "his ability to seamlessly integrate sports and social commentary and to ...
Burton bowler Bill Clanton has three perfect 300 games this season - Grand Rapids PressGENESEE COUNTY, Michigan -- It was just a matter of breaking through the barrier for Burton's Bill Clanton. For the first 23 years of his bowling career the wall stood firm. Then last season he succeeded, rolling his first 300 game at Richfield Bowl ...
You could hear the collective whining from Beantown seconds after the ... - ESPN.comThe All-Star Game is a joke, and any fan who gets hot and bothered over their players' not getting voted in as starters should seriously consider getting a life. Of course it makes no sense that four Montreal Canadiens are among the six Eastern ...
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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