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News about Mortgages:
MC Mortgage Fraud Part 2 - WCJBThe Florida Attorney General's Office is calling it a major factor in the meltdown of the economy, mortgage fraud. Investigators say real estate scams like one we uncovered in Marion County have been going on for years. It starts out when the con ...
Deed transfers for the Dec. 1-28 edition - Star-BannerWarranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...
On Appeal - Daily Business Review$1.48 million judgment entered in Israel against a Miami real estate broker is enforceable in Florida, a state appellate court has ruled. In 2002, 11 Israelis bought homes at the Marion Lakes Golf Resort in Kissimmee through the broker and mortgage ...
Fewer bingo players means fewer charity dollars Where is everyone? - Marion StarMARION - For Martha Miracle, the bingo games at the Marion Family Moose Center Lodge aren't about money. It's about the people. "There are a bunch of characters up here," the Marion resident said. "If you come to win, strictly for the money, you come ...
Most local banks say they won't accept bailout money - Indiana GazetteSpokesmen for three of Indiana County's banks say they have no intention of participating in the federal government's Capital Purchase Program designed to shore up faltering financial institutions and stimulate the U.S. economy. Officers for Indiana ...
Obama Transition Releases Private Donor List - Wall Street JournalT.W. Farnam reports on politics. President-elect Barack Obama ’s transition office has released a list of private donors who have contributed $1.2 million to supplement public funding for the office. The list, which covers through Nov. 15 and will ...
CEOs “cashed out” prior to economic crisis - World Socialist Web SiteBalzac’s maxim that “behind every great fortune lies a great crime” may yet prove a fitting epitaph for American capitalism. A recent survey by the Wall Street Journal reveals that CEOs at major US financial and real estate firms converted tens ...
Water rate increase looms - Star-BannerYet here's one effect on Main Street that probably has not been widely considered and one thousands of Marion County families might soon contend with: higher water rates. The crash of three bond insurers hired to shore up $78 million Marion County ...
Schumer says housing `vultures' hurt NYC - Fort Worth Star-TelegramMan ejected from car, dies on Irving roadway Injury scares show how vital DeMarcus Ware and Marion Barber are to the Dallas Cowboys Mystery solved: Injured Fort Worth boy tells police his name Dozens of car windows shattered in north Fort Worth Hurst ...
Hurst man with cancer still fighting today's planned foreclosure of ... - Fort Worth Star-TelegramA Hurst man with cancer has filed court papers trying to stop today’s planned foreclosure of his home. The home of Frank Hartman, whose plight was featured recently in the Star-Telegram, is slated for the foreclosure auction this afternoon. The 67 ...
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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