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Conflict of Interest: Burson-Marsteller and Hillary Clinton's Alliance - FOX NewsMark Penn, Hillary Clinton’s chief strategist and the Worldwide CEO of international public relations/ lobbying firm Burson-Marsteller, wrote those telling words in his confidential internal corporate blog . Given the breadth of his company’s ...
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Duo to lead AIG restructuring, co may need more cash - ReutersNEW YORK, Oct 23 (Reuters) - American International Group Inc (AIG.N: Quote , Profile , Research , Stock Buzz ) has named two executives to lead its restructuring, and its chief executive warned that $120 billion in emergency federal cash extended to ...
Obama goes gloves off, head-on - Las Vegas SunIn a Sun interview Sunday, Illinois Sen. Barack Obama addressed the suddenly front-and-center issue of race in his fight with New York Sen. Hillary Clinton for the Democratic presidential nomination. Looking poised and relatively fresh given the ...
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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