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Aide touts Obama's tax proposal - MissoulianHELENA - Democratic presidential candidate Barack Obama has been pushing for stronger regulation of financial markets for more than two years, his top economic adviser said Thursday, while Republican John McCain has been a booster of deregulation ...
Tester: More must be done for veterans - MissoulianHAMILTON - U.S. Sen. Jon Tester, D-Mont., told veterans Friday that while some good work has been accomplished, much improvement is still needed in the way this country treats those who've served. “It's going to take resolve and hope,” he said ...
Wild Card -- Tuesday PM - Spokane Spokesman-ReviewIt's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...

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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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