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Employee robbed at Citgo on northwest side - Milwaukee Journal SentinelThe man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...
Local News Story - Wbt.comNorth Carolina has finally had to rein in state government spending to narrow a budget shortfall, a year after many other states began feeling the nation's economic crunch. Outgoing Gov. Mike Easley has ordered spending cuts of up to 5 percent and ...
Richfield to consider business park annexation - Milwaukee Journal SentinelNov. 17, 2008 | Richfield - The Village Board on Thursday will consider its first request for annexation - a petition from all property owners in the 46-acre Helsan Business Park in the Town of Polk to join Richfield. Total fair market value of the ...
Benton A&P Commission outlines preliminary plans for an events center ... - Benton CourierA number of local residents looked over the preliminary designs for a proposed events center and equestrian complex Thursday night in a session at Benton’s Advertising and Promotion Commission. Jim Kudrna, director of design for GH2/Gralla ...
Business of the Year: Peoples National Bank - Benton Evening NewsPeoples National Bank will be celebrating its one-year anniversary in grand style: It has been selected as Business of the Year by the Benton-West City Area Chamber of Commerce. The bank and its employees will be honored as part of Thursday night’s ...
Real Estate: transfers for week ending Oct. 31 - Port Clinton News HeraldEdna A. Lau to Robert C. Stager, 5955 North Graytown Road, $91,000. Richard W. LaFountain to John W. LaFountain, 37.36 acres, $52,500. Wilma L. Goetz to John Gradel & Sons Farms, Inc., 77 acres Benton-Carroll Road, $190,000. Studer, Bankruptcy to ...
Business events scheduled for the coming week - ForbesWASHINGTON - Weekly Treasury auction; Weekly Treasury briefing; Commerce Department releases existing home sales for September, 10 a.m. ST. LOUIS - Arch Coal Inc. reports third-quarter financial results. LOUISVILLE, Ky. - Humana Inc. reports third ...
Lehman's Collapse, Stock Sale Probed by Three U.S. Prosecutors - BloombergOct. 18 (Bloomberg) -- Lehman Brothers Holdings Inc. is the subject of three federal criminal probes and at least 12 subpoenas of individuals to testify before grand juries, according to a lawyer for the bank that last month filed the largest ...
Lehman Collapse Probed by Three Federal Grand Juries (Update2) - BloombergOct. 17 (Bloomberg) -- Lehman Brothers Holdings Inc. , which last month filed the largest bankruptcy in history, is the subject of three federal criminal probes and at least 12 subpoenas, according to a lawyer for the failed bank. Lead Lehman ...
Local housing prices holding steady - Addison IndependentADDISON COUNTY — Despite nationwide gloom and doom in the real estate sector and a drop in home sales in Vermont and Addison County, there is evidence that the values of the homes that most state and local residents own have held their own ...
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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