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The struggles of being laid off for the first time - Lexington Herald-LeaderBehind the latest unemployment figures showing another 500,000-plus Americans lost their jobs is a sad truth: The deeper the recession becomes, the more it touches people whose livelihoods have never been threatened by dark financial times. Now the ...
Shock, depression, denial: Americans struggle after being laid off for ... - Minneapolis Star TribuneBehind the latest unemployment figures showing another 500,000-plus Americans lost their jobs is a sad truth: The deeper the recession becomes, the more it touches people whose livelihoods have never been threatened by dark financial times. Now the ...
Corporate Bankruptcies: A Key Investor Concern in the New Year - Seekingalpha.comInvestors are breathing a sigh of relief that 2008 is over, but they shouldn’t get too comfortable. After all, with a worldwide recession under way, investors can expect acceleration in corporate bankruptcies in 2009. But the question is - which ...
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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