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Relief on mortgage payments finally hits home - AgeWHEN Gina Moore checked her bank statement last month, it made her smile. For the first time, the 42-year-old disability support professional noticed the impact of several consecutive interest rates cuts on her monthly mortgage repayment. With an ...
Moore vs. Cooper? Dispute hints at politics ahead - Greensboro News & RecordRALEIGH (AP) - An ongoing quarrel between Attorney General Roy Cooper and State Treasurer Richard Moore may be more than just two agencies vying for power: It could foreshadow a coming Democratic primary to challenge Republican Sen. Richard Burr ...
N. Carolina bickers over who can sue Freddie Mac over losses - The StateA turf battle between state Treasurer Richard Moore and state Attorney General Roy Cooper has cost North Carolina the chance to lead a class action lawsuit against mortgage backer Freddie Mac. At issue is which state agency should handle lawsuits ...
Turf battle ends state's chance to lead lawsuit - Raleigh News & ObserverStory Tools A turf battle between state Treasurer Richard Moore and state Attorney General Roy Cooper has cost North Carolina the chance to lead a class action lawsuit against mortgage backer Freddie Mac. At issue is which state agency should handle ...
Dispute costs state in suit - Raleigh News & ObserverCooper wants bidding for outside counsel. A turf battle between state Treasurer Richard Moore and state Attorney General Roy Cooper has cost North Carolina the opportunity to lead a class action lawsuit against mortgage backer Freddie Mac. At issue ...
Cooper: Outside lawyers shouldn't have been hired - Daily ReflectorRALEIGH, N.C. — Attorney General Roy Cooper's office said Friday that the state treasurer's office violated North Carolina law by hiring outside attorneys to advocate as part of a class-action lawsuit against mortgage giant Freddie Mac. A ...
State Attorney General: Outside lawyers should not have been hired - Wbt.comAttorney General Roy Cooper's office says that the state treasurer's office violated North Carolina law by hiring outside attorneys to advocate as part of a class-action lawsuit against mortgage giant Freddie Mac. A spokeswoman for State Treasurer ...
Cooper: N.C. Treasurer Violated Law - WXII 12RALEIGH, N.C. -- Attorney General Roy Cooper's office says the state treasurer's office violated North Carolina law by hiring outside attorneys to advocate as part of a class-action lawsuit against mortgage giant Freddie Mac. Cooper and State ...
Dispute costs state a leading role in suit: North Carolina loses a ... - TradingMarkets.comOn Monday, a federal judge in New York found that North Carolina had the most money at stake in the Freddie Mac suit -- $18 million -- but, because of Cooper's objections, he denied Moore's request that North Carolina be the lead plaintiff. "Given ...
Dec 04 11:13 AM - Seekingalpha.comWould walk past a drowning man? Or, would you extend a helping hand? How many hundreds of thousands of people will drown financially if we just walk by? How much more will the economy spiral downward how many more mortgage foreclosures will there ...
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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