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The escalating breakdown of urban society across the US - Guardian UnlimitedA scene from HBO's The Wire, which is set in Baltimore Baltimore - it's been an ordinary week in Maryland's largest city. The August heat broke and one can nearly sleep with a window open; the Orioles are again down in the cellar in the American ...
Report finds loan bias in Lexington - Lexington Herald-LeaderAfrican-American homebuyers in the Lexington area are more than twice as likely to be given high-cost mortgage loans than whites at the same income level, the National Community Reinvestment Coalition says in a new study. The Lexington metro area ...
Jay Hancock - Baltimore SunF ew chapters in the annals of corporate welfare are as impressive as the one on Fannie Mae, the troubled mortgage concern. Maryland undoubtedly needs more and cheaper energy, but we're not going to do just anything to get it. We won't strip state ...
People on the Move - Atlanta Business Chronicle• Randall-Paulson Architects named Shawn Sheehan project coordinator and Brian Petelle as designer. • Silverman CPM added Sandy Boyce as director of administration and finance. Marti Watts was named senior project manager. • HOK added Akiko ...
Bill Clinton tells Somerset: Small towns keeping Hillary in race - Tribune-DemocratSOMERSET — It may not have been a direct counterattack, but the message was unmistakably clear. Seizing upon comments by Democratic presidential candidate Barack Obama that rural Pennsylvania towns cling to religion and guns out of economic ...

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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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