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News about Mortgages:
Why U.S. moved to take over mortgage giants - International Herald TribuneThe U.S. government's planned takeover of Fannie Mae and Freddie Mac came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods had overstated its capital cushion ...
Paulson Plan on Mortgage Giants Fannie and Freddie (FNM, FRE) Expected ... - StreetInsider.comPaulson Plan on Mortgage Giants Fannie and Freddie (FNM, FRE) Expected This Weekend Pershing Square Capital Management Releases Letter to U.S. Treasury Department Regarding Fannie Mae and Freddie Mac Law Offices of Howard G. Smith Announces ...
Wendy Williams Named Vice President, Brokerage Sales - PR NewswireWATERBURY, Conn., Jan. 9 /PRNewswire/ -- HSA Bank(R), a division of Webster Bank, N.A., a subsidiary of Webster Financial Corporation (NYSE: WBS) , announces the appointment of Wendy Williams as Vice President, Brokerage Sales. "Earlier this year ...
1984 Republican Party Platform - CNNThis year, the American people will choose between two diametrically opposed visions of what America should be. The Republican Party looks at our people and sees a new dawn of the American spirit. The Democratic Party looks at our nation and sees the ...
Let's make that head of lettuce cost a nickel - North County TimesThe letters squabble over whether labor is a commodity won't be the first time I've been excluded from a dialogue I started -- usually women do that -- but I'm moving on. No presidential candidate mentions our biggest economic problem, from which all ...
Latest News - dBusinessNews.comHoward Perry And Walston Mortgage Names Chief Operating Officer RALEIGH, N.C. – Don Walston, executive chairman of Coldwell Banker ... Bogart’s American Bar And Grill Launches Hard Luck Lunch Specials RALEIGH, N.C. – Dean Ogan, owner of Rocky ...

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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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