Livingston Mortgage Rates and Information Online from competing Lenders

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RY Timber imposes layoffs - Billings Gazette
LIVINGSTON - RY Timber Co. in Livingston intends to lay off about 100 employees for up to two weeks. Company spokesman Scott Stern said the Livingston sawmill was shut down temporarily Monday and that the planer mill is set for a temporary closure ...

NEWS BRIEFS - Columbus Dispatch
Wal-Mart's Mike Duke, 58, will be the next chief executive. Wal-Mart Stores Inc. unexpectedly announced yesterday that its chief executive will retire in February and be replaced by the leader of its international division. The retailer, based in ...

Tough times for real estate agents, bankers - Northwest Herald
During the boom times, Jan Leider liked to take five vacations a year. Now, the president of Northwest Mortgage Services takes one. Leider's Crystal Lake business is off. She is selling about half the number of mortgages that she did during the first ...

Obama to tap Geithner for Treasury - Politico.com
President-elect Barack Obama is expected to tap New York Federal Reserve President Timothy Geithner as Treasury secretary on Monday — or earlier, sources say. Democratic circles had been buzzing for at least a week that the other front-runner for ...

Verizon employees hack Obama records - Politico.com
Some Verizon Wireless employees accessed billing records from a cell phone President-elect Barack Obama had used, the Obama transition and Verizon Wireless said Thursday. Transition spokeswoman Jen Psaki said that Obama no longer uses the cell phone ...

Residential real estate transactions - Columbian
Residential real estate transactions over $150,000 filed with the Clark County Assessor from Oct. 16-31. The information includes seller’s name, buyer’s name, property location, description, price and closing date. Listed below are some of the ...

Property transactions - Duluth News Tribune
2100 Water St., W105-A, Ashland Rentals LLC purchased from Beacon Point Condominiums LLC for $1,375,000, residential, 9/08. 2100 Water St., W304-A, Roger Reinardy purchased from Beacon Point Condominiums LLC for $777,500, residential, 7/08. 2100 ...

One step back: Editors' Picks for Wednesday from The PD - Cleveland Plain Dealer Blog
This morning's Print Edition overturns a rock in, of all places, tony Bratenahl, where we discover the police department's evidence room has lost track of several years' worth of confiscated weapons, drugs and cash. The rest of the front page is ...

This week's oddball items of disinterest - CNN Sports Illustrated
New members of the Red Sox Hall of Fame, including Spaceman Lee (second from left) now have a chance to show what's left of their stuff in Cooperstown next June. For the past 10 weeks, this rejiggered space has been foraging through the sports ...

Housing bust hits north shore - New Orleans Times-Picayune
For the past three decades, the north shore has accumulated new residents faster than the city of New Orleans, and the state as a whole. Builders followed, launching a construction boom that at one point accounted for a quarter of all single-family ...

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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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