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Recent foreclosures filed in Madison County - Telegraph
These are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...

Wintrust Financial Corporation Selected To Participate in U.S ... - Earthtimes
LAKE FOREST, Ill. , Nov. 26 /PRNewswire-FirstCall/ -- Wintrust Financial Corporation ("Wintrust" or "the Company") (Nasdaq: WTFC) is pleased to announce that it has received preliminary approval to participate in the U.S. Treasury Department's ...

East metro town briefs - Minneapolis Star Tribune
Friends of Minnesota Barns, a nonprofit group dedicated to preserving historic barns and other farm buildings, recently announced the winners of its inaugural Barn of the Year contest. Honorees included Lee Leysen, of Tracy, Minn. who won the grand ...

MAHONING COUNTY - Vindicator
Malcom E. Terrell, 4258 Woodmere Drive, Austintown, v. Sharon Terrell, 3618 Monaca Ave., Youngstown. John M. Rosensteel, 212 S. Roanoke Drive, Austintown, v. Elaine J. Rosensteel, 7064 Backwater Cove, Austintown. Shannon Cutrer, 6119 W. Western ...

Tough times for small banks - Pioneer Press
As the global financial meltdown took hold in the third quarter, smaller metro-area banks did not escape unscathed. About a third of the 118 community banks based in the Twin Cities lost money. Combined, this group of banks — not including large ...

Bad loans sap banks’ profits - Minneapolis Star Tribune
S ouring loans and a weakening economy are taking an increasingly heavy toll on the nation's banks -- and Minnesota institutions aren't faring much better. Nationally, earnings for insured banks plunged 94 percent, falling to just $1.7 billion in the ...

Erie County Real Estate Transactions - Buffalo News
• 63 Fairlawn Drive, Edmund Karnofsky to Squire Shop Inc., $348,700. • 92 South Rockingham Way, GMAC Mortgage Llc to John F. Marcolini; Angela J. Marcolini, $340,000. • 248 Running Brook Lane, Drew A. Gundlach; Sandra L. Gundlach to Robert M ...

New businesses - Providence Journal
BANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...

St. Francis condo project nears another milestone - Milwaukee Journal Sentinel
Nov. 26, 2008 10:44 a.m. | The second phase of The Landing at Park Shore, a St. Francis condominium project, is nearing completion, with units available in January, said Dean Frederick, vice president at Brookfield-based Thomson Corp., the project ...

For the holidays, Sendik's delivers the gift of food - Milwaukee Journal Sentinel
Nov. 26, 2008 2:52 p.m. | Sendik's Food Markets has donated more than 100,000 pounds of food and $18,000 to Second Harvest to help feed the hungry in eastern Wisconsin. The Balistreri-owned Sendik's Food Markets offered three semi-truck loads of food ...

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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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