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Stocks whipsaw state investors - Minneapolis Star Tribune"I'm looking at at least 30 pink slips and I haven't gotten off the phone yet since 7:30 this morning." That's Christina Boyd, a Merrill Lynch adviser in Wayzata, as she reacted to the flood of phone messages from her clients in the midst of the ...
Analysis: Congress repeats 1930s errors with bailout vote - Times OnlineIn the 1930s, the US Congress did more than its fair share in helping to turn a financial crisis into a global depression. Yesterday it looked as though it was auditioning to assume that role again. Back then, Congress’s vote for protectionist ...
Local Residents Voice Economic Concerns, Questions - KDKAPITTSBURGH (KDKA) ― As fears about the economy persist, there are a lot of emotions out there - anger, fear, confusion - and there are also a lot of questions. KDKA's John Shumway talked with some local residents about their concerns. Here in our ...
House rejects bailout bill; stocks plummet (Read Rep. Allen Boyd's ... - News HeraldWASHINGTON - The House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive into recession without ...
ESCAPE Ministries to host fundraiser - Carroll County OnlineTwenty years ago, a devastating house fire left a Sykesville family in dire need. Community members wanted to help the family rebuild, but there was no central group to organize the aid efforts. That's when three pastors came together and founded ...
Turbulent market hits home - News HeraldEven in a down year for the Bay County real estate market, Jan Cox said she and other area real estate agents felt like "we were reaching a good point," with phones ringing and a perceived uptick in buyer interest. That was up until last week, Cox ...
House rejects $700 billion bailout bill - New Orleans Times-Picayune(AP Photo/Susan Walsh) House Majority Leader Steny Hoyer, D-Md., right, accompanied by Rep. F. Allen Boyd Jr., D-Fla., gestures during a news conference on Capitol Hill before a vote today on a massive financial bailout bill. WASHINGTON -- The House ...
Bailout bill's collapse reverberates in valley Tight credit hurts ... - Las Vegas Review JournalAlan Waxler, owner of charter transportation group AWG, located at 4740 S. Valley View in Las Vegas, puts in extra effort tracking down commercial loans so his business can expand. Photo by Duane Prokop/Review-Journal . Home builder Tom McCormick ...
Analysis: A fateful step - Times OnlineIn the 1930s, the US Congress did more than its fair share in helping to turn a financial crisis into a global depression. Yesterday it looked as though it was auditioning to assume that role again. Back then, Congress’s vote for protectionist ...
House defeats $700B financial markets bailout - Santa Cruz SentinelHouse Majority Leader Steny Hoyer, D-Md., right, gestures during a news conference on Capitol Hill in Washington, Monday, Sept. 29, 2008, to discuss the financial market turmoil. From left are, Rep. Jim Cooper, D-Tenn., Rep. Mike Ross, D-Ark., Rep ...

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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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