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News about Mortgages:
Fitch: Capital One Ratings Unaffected by Chevy Chase Acquisition ... - EarthtimesNEW YORK - (Business Wire) The ratings of Capital One Financial Corp. (COF) and its subsidiaries will not be affected by the acquisition of Chevy Chase Bank, F.S.B., according to Fitch Ratings. COF has announced the purchase of Chevy Chase Bank, F.S ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...
A case study in housing collapse - St. Petersburg TimesSonny Kim’s investment company bought this house at 4809 N 17th St., Belmont Heights, in April 2006 for a $100 deed and sold it three months later for $300,000. TAMPA — Thousands of miles from the trading floors of global stock markets, an ...
Affordable home for the holidays - Baltimore SunA social worker, a research biologist and a kindergarten teacher are excited about spending the holiday season preparing to buy a new home, thanks to a county program that put new homes within the reach of moderate-income residents. They were among ...
Area helping agencies seeing rise in need for services - Gaston GazetteHolidays bring warm feelings and full tables for the fortunate, but the list of the less fortunate appears to be growing. For those struggling to make ends meet, Christmas trees and presents are just more expenses they can't afford. "We've been ...
Party hardly - TradingMarkets.comAs the economy continues its tailspin, businesses across the Charlotte region are scaling back or scrapping holiday celebrations, with some pulling out of contracts just this month, say caterers, event planners and venue managers. For many, it's ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
Grand jury indicts 17 in $12.6M mortgage-fraud scheme - Kansas City Business JournalPricey homes in Lee’s Summit and Raymore were the targets of a $12.6 million mortgage-fraud scheme that federal prosecutors are calling one of the largest conspiracies of its kind to allegedly occur in the Western District of Missouri. A federal ...
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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