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Dealing with underwater mortgages - Denver Post
David Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it. The Brighton-area resident and his wife have struggled the past two years to carry not one, but two, homes valued at less than what ...

Underwater mortgages a maze of headaches for homeowners - Indiana Gazette
David Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it. The Colorado resident and his wife have struggled the past two years to carry not one but two homes valued at less than what's owed ...

No work, no money, no security - what would life be like if I lost my ... - Guardian Unlimited
The small waiting room at Brighton and Hove Citizens Advice bureau, based in Hove town hall, is heaving. The network of bureaux is at the sharp end of the credit crunch and reports a 52 per cent rise in the number of inquiries relating to redundancy ...

Deed transfers for the Dec. 1-28 edition - Star-Banner
Warranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...

British Army Spy Sentenced to 10 Years in Prison - FOX News
LONDON — A former British army interpreter in Afghanistan who was convicted of espionage was sentenced to 10 years in prison Friday. Iranian-born Daniel James, who translated for NATO's commander in Afghanistan, was sentenced after the Crown ...

Markets head south again as economic woes grow - Guardian Unlimited
Poor economic news from the both sides of the Atlantic sent shares sharply lower once more, with £54bn wiped off the value of the FTSE 100 and not a single riser in the leading index. Worse than expected UK, European and US manufacturing figures for ...

62-Year-Old Guenther Homes in Ann Arbor Sees Bright Spot in New Home ... - Market Wire
ANN ARBOR, MI--(Marketwire - December 1, 2008) - Guenther Homes, a 62-year-old new home construction company based here, reported three new home sales in October, and Natalie Ceccolini, third generation member of her family to run the company, thinks ...

New city manager on job Monday - Merced Sun-Star
City Manager John Bramble will take his seat alongside the City Council on Monday, beginning his command of Merced at a time of unprecedented challenges. The 62-year-old has said he's up for the job and signed a five-year contract at a $171,653 ...

Where has all the bank-bailout money gone? - Times Online
On Friday, Ken Robins decided to tell the government what was happening in the real world. The entrepreneur, who runs a successful coach firm in Bournemouth, wrote to Lord Mandelson, the business secretary, to set out just how tough the banks are ...

Weep for Woolies - bbc
The manner of Woolworth's demise as a going concern was almost as shocking as the fact of its collapse into administration. Although Woolworth had been one of the UK's weaker retailers for years - propped up by a decade of benign, debt-fuelled ...

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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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