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US, Iran have shared interest in Afghanistan: Petraeus - Pakistan News Service
WASHINGTON(AFP)–Iran could become involved in a regional strategy to the conflict in Afghanistan, as Tehran shares common interests with the United States there, suggested General David Petraeus, head of US Central Command. A resolution to the ...

Egbert Perry will help fix mortgage giant Fannie Mae - Atlanta Business Chronicle
Perry: Foreclosures will be a major issue he’ll deal with as a member of Fannie Mae’s board. Atlanta-based urban developer Egbert Perry has joined the board of troubled mortgage giant Fannie Mae , whose near collapse four months ago threatened to ...

Southeast economy has more of the same in store in 2009 - Nashville Business Journal
Egbert Perry will help fix mortgage giant Fannie Mae 2009 People to Watch in Banking Southeast economy has more of the same in store in 2009 The Southeast can look forward to “more of the same” in 2009 when it comes to the regional economy ...

Who, What, Where - Boston Globe
Gregory Perry has been appointed as senior vice president and chief financial officer at ImmunoGen Inc ., a Waltham biopharmaceutical company that develops targeted anticancer therapeutics. Before joining ImmunoGen, Perry was CFO of Elixir ...

Tough times leave some shopping for roommates - Florida Times-Union
Angela Merrilees, who is divorced and has a daughter, is renting out a room in her three-bedroom house to help make ends meet. "It's either get a second job or get a roommate," she said. Famous TV roommates: Oscar Trevor Madison (Jack Klugman) and ...

Famous last words plentiful as economic crisis unfolded - Honolulu Advertiser
"Nobody could have predicted this," Wall Street pros like to say as they seek to absolve themselves for failing to foresee the financial-system meltdown of 2008. Well, almost nobody at the top of the financial industry saw what was coming, that's for ...

A New Year's Celeb Blog Log - Entertainment Online
We're less than 48 hours into the new year and, already, celebs from Alec Baldwin to Katy Perry to Courtney Love can't wait to blog it out. A sampling: • If you get dizzy easily or have ADD, we don't recommend you check out Love's 3,076-word post ...

The Staggering Cost of New Nuclear Power - American Progress
A new study puts the generation costs for power from new nuclear plants at 25 to 30 cents per kilowatt-hour—triple current U.S. electricity rates! This staggering price is far higher than the cost of a variety of carbon-free renewable power sources ...

Angel House no more - Toronto Sun
The house that a town's love helped build -- spurred on by a tragic car accident in 2004 that left two young sisters quadriplegics -- has turned into a house of cards. The Deering home in Port Perry -- known to locals as the Angel House -- is up for ...

January 2009 - Posts - MSNBC Firstread
Following Illinois Gov. Rod Blagojevich and Lt. Gov. Pat Quinn , Secretary of State Jesse White took the microphone in Chicago and opened up with a joke. "Ladies and gentlemen," he said, "don't ask me to sign anything today, OK?" He continued, to ...

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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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