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Matter of Record, November 17 - Wichita Falls Times Record News
Jo Nash vs. Kelly Wilson, 2131 Ave. F, $200,000.00, V3305 P885. Gary Writtenhouse vs. Jeff Prine, 1511 Nunneley Pl., #5, $1,248.37, V3306 P576. Workman, Tammy Michele, Wichita County, Chapter 7, Date Filed Oct. 29, Case No. 08-70448. Frazier, Phillip ...

Will TARP shift spell relief for consumer ABS market? - Reuters
NEW YORK (Reuters) - The $2.8 trillion U.S. asset-backed securitization (ABS) market may experience a thaw if the U.S. Treasury follows through on its latest plan to aid strapped consumers. Issuance of asset-backed securities slumped by 80 percent to ...

Temp: 34°F - Hays Daily News
WICHITA, Kan. (AP) -- A car that was being chased by the Kansas Highway Patrol crashed into another car, killing three people. The patrol said a trooper began pursuing a vehicle driven by 24-year-old Jennifer Stilley at about 1 a.m. Saturday in ...

Area News Roundup: Sidney woman charged with grand larceny - Daily Star
{"headline18"/}Sidney woman charged with grand larceny SIDNEY _ A Sidney woman faces a second-degree grand larceny charge for allegedly stealing $50,000 from her Oneonta employer over a two-year period. Marsha E. Ward, 37, was charged with the felony ...

Foreclosures big player in Valley resale market - AZCentral.com
Bad news keeps coming in the troubled housing market, according to resale home data released today. Nearly half of the Valley homes resold in October were due to foreclosures in which banks took back properties or bidders bought them from the bank ...

Housing crisis hitting home - Northwest Herald
Hammer on nail formed the economic drumbeat in McHenry County for many a year. For more than a decade, growth spelled boom times for trades people, Realtors, developers, building material suppliers and retailers. It pumped millions of dollars into ...

November 2008 - Reuters Blogs
Investors have snapped record amounts of secondary shares issues by financial companies needing to finance their latest takeover, or merely re-capitalize after huge mortgage-related losses, despite stocks bouncing around like yo-yos. Last week’s ...

Lincoln, Aegon May Buy S&Ls With `Unsafe' Practices to Get Aid - Bloomberg
Nov. 17 (Bloomberg) -- Four of the world's biggest insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund. Lincoln National ...

Evangelist Ted Haggard returns to pulpit - News-Democrat
Ted Haggard may have revealed during recent sermons at an Illinois church that he was sexually abused as a child, but he's not revealing whether his appearance hints at a desire to return to the pulpit permanently. Several church leaders with ties to ...

Haggard returns to the pulpit in Illinois - Colorado Springs Gazette
Ted Haggard may have revealed during recent sermons at an Illinois church that he was sexually abused as a child, but he's not revealing whether his appearance hints at a desire to return to the pulpit permanently. Several church leaders with ties to ...

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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