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Obama's 3 Million Donors Asked to Pay Clinton Debt - FOX News
NEW YORK -- President-elect Barack Obama's vast list of donors is being asked to donate to Hillary Rodham Clinton as she scrambles to reduce her massive campaign debt before she becomes secretary of state and federal ethics rules limit her ...

HK shares rise as properties, financials gain - FXStreet.com
HONG KONG, Dec 5 (Reuters) - Hong Kong shares rose 2.3 percent on Friday, as Chinese property and financial stocks rallied on talks Beijing may further ease key interest rates and cut reserve requirements on bank deposits to spur the economy. The ...

The Note - ABC News Blogs
ABC News' Jonathan Karl, filling in for Rick Klein today Reports : The Big Three can’t win for losing and it seems Barney Frank is already fed up with Barack Obama. But first, an exclusive from The Note. Another Senator Kennedy? The crazy ...

Mortgage Q&A: Promise amid challenges - The Washington Times
In past years, I have often taken today's column to reflect on the economic environment in America and discuss what aspects and events deserve our thanks. I have to admit that this year's column is a bit harder to write. Let's summarize what's facing ...

Officials: Obama set to introduce Clinton Monday - ksl.com
To all of those preaching doom with this announcement, there is just about nothing that Obama and Clinton can do in this world more destructive than what Mr. Bush has done during his time. He invaded another country on trumped up charges basically ...

Transcript: Obama and Clinton Debate - ABC News
And I think those are the kind of broad issues that a president has to take into account. GIBSON: And, Senator Obama, your campaign manager, David Plouffe, said, "When he is" -- this is talking about you -- "When he is elected president, we will be ...

Let Obama be Obama - Salon
Yesterday I sent this AP story to our news team, about how Barney Frank and some other Democrats think Barack Obama should be doing more to intervene on the economy. I'd just come back from an MSNBC panel responding to Jonathan Weisman from the Wall ...

Letter: Mortgage crisis might have been worse without CRA - Salem News
So Taylor Armerding has joined the conga line of conservatives blaming those darn liberals and their do-goodin' ways for the current economic mess ("Nothing 'free' about market that led to our economic downfall," Viewpoint, Thursday, Nov. 27 ...

HAKU MO‘OLELO - Maui News
A few weeks back, a reader apparently disturbed by the collapse of financial markets asked for an explanation of economics. The e-mail was inadvertently deleted, but the request appeared to be misdirected. Economics is a social science that develops ...

School buds: 20 Harvard classmates advising Obama - Politico.com
More than 20 Harvard Law School classmates dot the ranks of his transition team – solidifying it as his most enduring, yet least-known, personal network. Obama is seen here in an updated photo from his Harvard Law days. “We have all been friends ...

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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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