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First American CoreLogic Releases September 2008 LoanPerformance Home ... - MSN MoneyCentralSANTA ANA, Calif. , Dec. 1 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American Corporation FAF , America's largest provider of advance property and ownership information, analytics and services, today announced the ...
A case study in housing collapse - St. Petersburg TimesSonny Kim’s investment company bought this house at 4809 N 17th St., Belmont Heights, in April 2006 for a $100 deed and sold it three months later for $300,000. TAMPA — Thousands of miles from the trading floors of global stock markets, an ...
'08 Economic Problems Don't Compare To Depression - News 4COLORADO SPRINGS, Colo. (AP) ― Louise Simpson first realized the extent of the Great Depression through the shoes. "I can still see them now," said the 82-year-old who grew up on a small farm in Fountain. "Mom's shoes were all rundown. There was ...
2008 economic problems don't compare to Great Depression - Summit Daily NewsCOLORADO SPRINGS — Louise Simpson first realized the extent of the Great Depression through the shoes. “I can still see them now,” said the 82-year-old who grew up on a small farm in Fountain.“Mom’s shoes were all rundown. There was almost ...
U.S. home prices fall to early 2004 levels - Las Vegas SunThis home near the intersection of Green Valley Parkway and Warm Springs Road in Henderson has been in foreclosure, as have thousands in the Las Vegas Valley. Nationwide sales of existing homes fell more than expected last month, as economic fears ...
Green Bankshares Receives Preliminary Approval to Participate in the U ... - MSN MoneyCentralGreen Bankshares, Inc. GRNB , the holding company for GreenBank, today announced that it has received preliminary approval to participate in the U.S. Treasury Department's Capital Purchase Program, part of the government's effort to restore ...
No break in housing slump - Colorado Springs GazetteHousing construction in El Paso County remained mired in a deep slump in November. Single-family building permits fell to the lowest monthly total in more than 17 years and mortgage foreclosures continued climbing at a record pace. Single-family ...
Foreclosure: Nevadans hit hard in national crisis - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
FORECLOSURE: for 22 months, Nevadans have faced worst of national ... - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Collier County gets personal with banks to clean up untidy ... - Naples Daily NewsNAPLES — As a record number of foreclosures hits Collier County month after month, the county is quietly making headway on at least one problem: persuading banks to mow the lawns of vacant homes — and even clean the pools. Officials said a code ...
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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