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Band draws drummer out of the suburbs - Kansas City StarSteve DiFranco will soon leave Leawood to join up with ska band Bad Manners for concerts across the United States. At first, Steve DiFranco laughed in his office cubicle last week when the e-mail popped up on his computer: Would you like to join us ...
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Precious Metal Developers Provide Value and Upside in 2009 - Seekingalpha.comWe are approaching an inflection point in the economy and the metals markets favorable to precious metals and mining equities. Moving beyond 2008, investors long in mining and metals equities are no longer burdened by the combination of redemptions ...
Should old acquaintance be forgot? - Politico.comIt’s New Year’s Eve, and you’re inside The Huddle, where Chicago Tribune columnist John Kass sums up the story that HARRY REID and Senate Democrats could happily have ended 2008 without: “Since he was federally charged with trying to sell ...
Top 10 news stories for 2008 - Harrison Daily TimesIn the early morning hours of Feb. 6, Stephen Williams, 28, of Bryant left a Little Rock bar in his pickup. Witnesses said he was very drunk, even describing him as “out of it.” Click image to enlarge In fact, he was so “out of it” that he ...
Category: 100% Pure Cheese - PopwatchI'm not gonna lie to you: I stopped watching Dancing With the Star s somewhere around the start of season 4, mainly because the viewing experience started reminding me of those mornings where you're in the shower, and for the love of all that's holy ...
Goody's may liquidate - Knoxville News SentinelGoody's Family Clothing could be on the verge of liquidation following reports that the Knoxville retailer pleaded with suppliers last month for concessions to stay in business. An executive of an apparel manufacturer told the New York Post that ...
Our banks 'have to lend more' - bbcThose of you of a puritan nature may have come close to fainting this morning when the Prime Minister told Andrew Marr that our biggest banks may have to lend more than they did in the boom years rather than less. "Is he totally bonkers?" you may ...
Grey Bruce Poetry Project - Owen Sound Sun TimesWelcome to the Poetry Project - a place to share your poetry and to enjoy the many voices of our community. Take a look at our community forum for Grey/Bruce poets. Submit your poems. Add links to your favorite poetry sites. Load up audio or videos ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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