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Australia Stocks Tumble to 4-Year Low as Banks and BHP Decline - BloombergNov. 13 (Bloomberg) -- Australian stocks plunged, led by banks and resource companies, after Commonwealth Bank of Australia said bad debts may double, the U.S. Treasury scrapped plans to buy mortgage assets, and metals prices dived. Commonwealth Bank ...
Harrisburg Mall in default of mortgages, bank says - Patriot-NewsGARY DWIGHT MILLER, The Patriot-News The Harrisburg Mall in Swatara Twp. The bank holding the mortgages for the Harrisburg Mall is seeking possession of the Swatara Twp. property. TD Bank, the successor to Commerce Bank, of Cherry Hill, N.J., filed a ...
Goldman Sachs Paydays Suffer on Lost Leverage With Fed Scrutiny - BloombergOct. 21 (Bloomberg) -- On Sunday Sept. 21, just before 3 p.m., Lloyd Blankfein gathered the top executives of Goldman Sachs Group Inc. in his 30th-floor office and set off a chain of events that would forever change the company he leads. It had been ...
Malcolm Maiden - The AgeA T SOME point the negative feedback loop — in which an economic downturn caused by a market slump makes share prices fall — creates more economic pressure and a new round of share price savagery will be broken. But there's no sign that the ...
Economy leaving car dealers in the dust - Catholic OnlineThe Philadelphia Inquirer (MCT) - All roads of economic turmoil have intersected these last few weeks at the feet of 63-year-old Tony Costello: Lifelong car salesman, workaholic, holder of an unexpectedly anorexic 401(k) and, now, soon to be ...
What must John McCain’s endgame strategy be? - Atlanta Journal ConstitutionAt this point, John McCain’s message must be entirely about buyer’s remorse. Barack Obama is the least-experienced presidential candidate in modern history, has never had to handle a crisis, and would take office in the middle of an economic ...
Coyote Crossover - Daily Local NewsWEST CHESTER — It's often been said that necessity is the mother of invention. Such is the case for Coyote Crossing owner Carlos Melendez, who — plagued with plummeting sales in the wake of a downdraft economy — closed his Mexican restaurant ...
Corporates: LLC, IPL, TSE - ABN NewswireSydney, Nov 17, 2008 (ABN Newswire) - Lend Lease CEO, Greg Clarke is leaving the company in June next year, but he reckons the company is in a good position to survive the deleveraging pressures in global and Australian markets. He reckons the UK is ...
Independent HBOS 'could be funded by the Treasury' - ScotsmanTHE UK Treasury yesterday indicated for the first time that it may consider injecting funds into an independent HBOS if the bank's proposed merger with Lloyds TSB collapses. The move is a departure from the Treasury's repeated refusal to say what it ...
Hot Topic Inc Q3 2008 Earnings Call Transcript - Seekingalpha.comWelcome to Hot Topic's third quarter 2008 earnings release conference call. (Operator Instructions) I would like to remind you that in the course of this conference call the company will be making certain forward-looking statements such as statements ...
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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