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EU banks must improve liquidity plans-c.bank officials - ForbesFRANKFURT, Nov 28 (Reuters) - European Union banks must dramatically improve back-up plans for coping with unexpected liquidity shortfalls, a report released by the European Central Bank said on Friday. The report, by a committee made up of EU ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including State Representative Doug Reichley criticizes Gov. Rendell for bailing out Boscov’s, Reading City Council approves a property tax hike, UGI announces rate cuts, and security measures are being ...
Three congressmen defend seats - Daily Local NewsThree congressmen who serve in parts of Chester County defended their seats in the 6th, 7th and 16th Districts in Tuesday's election. 6th District Democrat Bob Roggio challenged Republican incumbent Jim Gerlach in the 6th District of the U.S. House ...
Q&A with Gerlach, Roggio - Phoenixville NewsRepublican House Rep. James Gerlach, who represents Pennsylvania's Sixth District, has been in Congress since 2002. Before being elected to Congress, Gerlach served as a state representative and state senator. Democrat Bob Roggio, a business leader ...
Some good news in a bad economy - Westport MinutemanThe economy has taken some serious blows, and some alarmists think it's going down for the count. But believe it or not, you can find some financial good news in a bad economy to cheer about. Consider the price of gasoline and home heating oil are ...
Voters angry about bailout, but willing to listen - Boston GlobeALLENTOWN, Pa.— Rep. Charlie Dent's tour of a conveyor belt factory epitomizes the dilemma the Pennsylvania Republican faces as he talks to voters back home after supporting the Wall Street bailout. Todd Gibbs, the owner of ASGCO Manufacturing Inc ...
Rendell: Dems' Push Still Crucial - The BulletinCoatesville - When President Bill Clinton endeavored to increase income taxes in 1993, the political terrain didn't appear so inhospitable. His Democratic Party controlled both Houses of Congress. Still, his tax hike passed the House of ...
Erie County Real Estate Transactions - Buffalo News• 3476 Sheridan Drive, Joseph Giangreco; Ann Giangreco to Michael Foley; Timothy R. Gelder, $400,000. • 8418 Lakewood Court, Kimberly S. Schlehr; Frank J. Schlehr to Carol A. Logan, $337,500. • 69 Lord Byron Lane, Kathleen A. Sardina to ...
Wild Card -- Weekend - Spokane Spokesman-ReviewOnly 3 more days until we get after it again in the new year. I hope you're enjoying yourselves as 2005 comes to an end. If you have some thoughts on the old year or resolutions for the new one, you can post it here. Or start your own thread. Or wait ...
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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