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John McCain’s dishonorable campaign - Salon
It kept getting worse all week. Again on Friday a McCain-Palin supporter called Barack Obama a “traitor,” and John McCain said nothing. He used to challenge racist hecklers on the trail; he used to say he wanted to run an honorable campaign. But ...

Wells Fargo Statement on Definitive Agreement With Wachovia - Forbes
"Wells Fargo and Wachovia have a firm, binding merger agreement. That agreement represents a transaction that, in stark contrast to Citigroup's proposal, provides significant and certain value to Wachovia shareholders, keeps Wachovia intact, is ...

Mortgage forgiven for woman, 90, who shot herself - Las Vegas Sun
Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her. Addie Polk's plight was cited by Rep. Dennis Kucinich, D-Ohio, on Friday ...

McCain, Obama on the issues - Las Vegas Sun
McCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade, and now says he would seek to overturn that guarantee of abortion rights. Would not seek constitutional amendment to ban abortion. Obama: Favors ...

Palin passes big debate test - San Francisco Gate
Sunday, October 5, 2008 The usual pinks and reds that gave her so much of her spontaneous style and image were gone, replaced by funeral black. She looked like someone's idea of a Washington senator, and she tried to act like one as well. I suppose ...

Wachovia, Citigroup in Federal Court Over Wells Bid (Update1) - Bloomberg
Oct. 5 (Bloomberg) -- Wachovia Corp. asked a federal judge to let a takeover offer from Wells Fargo & Co. proceed and to ignore a state ruling that Citigroup Inc. says makes it the only legal bidder. The $700 billion federal bailout of the banking ...

Wachovia says it will press ahead with Wells deal - Forbes
Wachovia Corp., at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaugered bank, is moving ahead with its deal to sell itself to Wells Fargo - while questions arise about the damaging effects that ...

Wachovia says it's pressing ahead with Wells Fargo deal after Citi ... - Chicago Tribune
NEW YORK (AP) _ Wachovia Corp. , at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaugered bank, is moving ahead with its deal to sell itself to Wells Fargo — while questions arise about the damaging ...

Wachovia Deal With Wells Fargo May Be Valid, U.S. Judge Says - Bloomberg
Oct. 5 (Bloomberg) -- A U.S. judge refused to rule immediately that Wells Fargo & Co .'s takeover bid for Wachovia Corp. is valid, while saying it ``appears'' the law permits Wachovia to consider offers other a prior one from Citigroup Inc. At an ...

Wachovia sues to close sale to Wells Fargo - MSNBC
NEW YORK - Wachovia Corp., at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaguered bank, is moving ahead with its deal to sell itself to Wells Fargo — while questions arise about the damaging effects ...

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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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