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Oil prices slip on weak global demand - News1130.comVIENNA, Austria - Worries about global economic growth and expectations of a weak U.S. jobs report pushed oil prices lower Friday, despite concern about fighting in Gaza and evidence that OPEC production cutbacks were taking hold. Oil prices had ...
This week's Real Estate stories - MarketwatchIn times like these, it takes an extra dose of confidence to buy a home. Especially when so many voices are telling you to slam on the brakes. This week, Fox-Pitt Kelton home-builder analyst Robert Stevenson said that 2009 is not the year to buy ...
FOX News Exclusive: Sen. John McCain - FOX NewsThis is a rush transcript from "Your World With Neil Cavuto," January 9, 2009. This copy may not be in its final form and may be updated. NEIL CAVUTO, HOST: Live from our nation's capital again — Senate Democrats in a tizzy over this whole ...
Mortgage Woes Hit Nearly 1 In 10 Latinos - FOX CarolinaWASHINGTON -- Nearly one in 10 Latino homeowners fell behind on mortgage payments last year, and about 3 percent of those surveyed said they had received a foreclosure notice, according to a survey. The Pew Hispanic Center said the figures show that ...
Man Accused Of Stealing Thousands From Mom - FOX CarolinaA Minnesota man is accused of stealing thousands of dollars from his elderly mother who is living in a nursing home, Minnesota television station KARE reported. According to authorities, Larry John Bekis, 51, is his mother's power of attorney. KARE ...
Bank: error led to Blackburn's home foreclosure - WZTV.comBRENTWOOD, Tenn. (AP) -- Bank officials say Republican U.S. Rep. Marsha Blackburn's home in Brentwood was placed into foreclosure proceedings because of a processing error. GreenBank spokesman Bill Adams said in a letter dated Thursday that Blackburn ...
PEOPLE IN BUSINESS - Providence JournalMark K. W. Gim, of Barrington, has been promoted to executive vice president of Washington Trust Co. and Washington Trust Bancorp Inc. He is responsible for asset/liability management, strategic planning, budgeting and profitability reporting ...
Fox Valley mom, daughter debut today on 'The Biggest Loser: Couples' - Fond du Lac ReporterAPPLETON — Kristin Steede, 29, is a self-made woman who owns her own business, Community Choice Mortgage Group in Appleton. But there's one thing the Greenville entrepreneur has never been able to accomplish: losing weight. At 5 foot 6, she weighs ...
Freddie Mac Prices $3.5 Bln 5-year Notes At 2.621% Yield - FoxBusiness.comSAN FRANCISCO -- Freddie Mac said on Tuesday it priced its $3.5 billion five-year USD Reference Notes at 2.621% yield, or 95 basis points more than five-year U.S. Treasury Notes. Including the latest offering, Freddie Mac has about $257.6 billion in ...
Charles Payne: 3 Stocks, Charles' Choice - FoxBusiness.comJPMorgan Chase (JPM): JPM was hammered yesterday on lower earnings estimates from Mike Mayo of Deutsche Bank who now sees 18 cents a share profit for the quarter, down from his previous estimate of 53 cents a share -- and there was also scuttlebutt ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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