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The week ahead in business, at a glance - Los Angeles TimesCyber Monday, a day when online merchants offer holiday bargain prices, coupons and free shipping. Commerce Department releases construction spending for October. Treasury auction. Institute for Supply Management releases its manufacturing index for ...
Business events scheduled for the coming month - Boston GlobeMONDAY, Dec. 1 WASHINGTON -- Commerce Department releases construction spending for October, 10 a.m.; Institute for Supply Management manufacturing index for November, 10 a.m.; weekly Treasury briefing, auction. WASHINGTON -- Treasury Secretary Henry ...
Business events scheduled for the coming week - Boston GlobeMONDAY, Dec. 1 WASHINGTON -- Commerce Department releases construction spending for October, 10 a.m.; Institute for Supply Management manufacturing index for November, 10 a.m.; weekly Treasury briefing, auction. WASHINGTON -- Treasury Secretary Henry ...
STOCKS NEWS US-JPM sees 2009 problems in commercial real estate - Reuters UKJPMorgan Monday said that commercial real estate credit problems would intensify in 2009, following several months where commercial real estate fundamentals began to rapidly signal widespread weakness. "As we move through 2009, the single most ...
Coming Up - Times UnionGovernment reports: Commerce Department releases construction spending for October. Other: Weekly treasury briefing, auction. The Institute for Supply Management releases its manufacturing index. Earnings expected: Beazer Homes USA Inc., Sears ...
Property Transactions - Daily Review & Sunday ReviewAlmer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...
STOCKS NEWS US-Bernanke: economy under considerable strain - Reuters UKFederal Reserve Chairman Ben Bernanke Monday warned that the U.S. economy was under considerable strain and that policy-makers must be ready to take decisive action in order to protect jobs and growth. Bernanke said that it was "certainly feasible ...
Family Farms Pulled Us Out of the Great Depression - Common DreamsIt seems to be a widely held myth that World War II was the main agent for moving the United States out of the Great Depression of the 1930s. Cornell University Professor George F. Warren, an important adviser to Franklin D. Roosevelt on rural ...
U.S. Department of Treasury - Chicago TribuneThe shaky economy and plunging stock market are leading many Americans to cut back on their spending. If you're retired, you might also be inclined to pull less money out of your retirement account. But efforts to preserve as much of your depleted ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
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