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Mortgage crisis' next stage looms Owners of malls, hotels about to ... - FortWayne.comWASHINGTON — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...
Taxing situation - Evening StarThe future of Allen County’s two largest taxpayers is in doubt. General Growth Properties, which owns Glenbrook Square Mall, pays more than $5 million in taxes each year on the shopping center property, which is valued for assessment purposes at ...
'Black Friday' won't stave off black days ahead: Analysts - Ottawa SunWASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...
Matter of Records November 24 - Wichita Falls Times Record NewsTarget Nat’l Bank vs. Barbra Delany, 5105 Rock Point, $3,073.72, V3307 P44. Midland Funding vs. Tori Richerson, 4408 McCrory, $2,085.75, V3307 P46. Target Nat’l Bank vs. Becky K. Goolsby, 1610 Fillmore, $5,106.50, V3307 P54. Union Square FCU to ...
River projects planned - Leader-HeraldAMSTERDAM - Development plans continue to flourish as the Mohawk River undergoes a renaissance of sorts with more new projects being developed across Montgomery County. The river runs along more than 130 miles from the Utica area all the way to ...
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 ...
Officials Fear Financial Crisis May Spawn Suicides - CBS 11 NewsNEW YORK (AP) ― An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home ...
Housing Video Gallery - CNBCWhen will the pain be over? Look to the stock markets, the economies and the housing markets for clues, says Gabriel Yap... Long before she filed for bankruptcy, Ann Neukomm was "under water"—she owed more on her mortgage than her house was worth ...
Hurting for heat - Post-StarFORT ANN — When you take out a loan on your life insurance to pay the mortgage a month late, you know, as Dawn Sumner said, you're "tapped out." "Our credit cards are maxed," she said. "We just had to apply for food stamps. We can't get any cash ...
Business events and economic reports scheduled for the coming week - MSNBCWASHINGTON — National Association of Realtors releases existing home sales for October, 10 a.m.; Weekly Treasury briefing, auction. WASHINGTON — Commerce Department releases revised third-quarter GDP, 8:30 a.m. NEW YORK — Standard & Poor's/Case ...
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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