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Sinking economy not bad news for all Rhode Island companies - Providence JournalChris Broadmeadow, a tow-truck driver for Preferred Recovery and Towing, reads a list of repossession addresses with his boss, business owner Mark Labbe, right. Business has been so brisk for the company that it just added another truck to its fleet ...
New businesses - Providence JournalBANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...
John S.W. MacDonald - New York ObserverAs this blog encompasses culture, I suppose we’re contractually obligated to mention this year’s Grammy nominations. So here goes… The lucky nominees were announced last night at LA's Nokia Theatre during a live televised event that CBS humbly ...
House of the Week: A French provincial touch in East Greenwich - Providence JournalThe spacious master bedroom with his and her walk-in closets featuring skylights. This home at 441 Tillinghast Rd. in East Greenwich makes a powerful first impression. You start at a wrought-iron gate off Tillinghast Road and drive up a cobblestoned ...
Lehman Bros. execs hit with lawsuit - San Francisco GateFriday, November 14, 2008 According to a lawsuit filed in San Francisco Superior Court, Lehman Bros. hid the company's exposure to losses in the real estate and mortgage markets as it raised more than $30 billion from investors, including the San ...
Volatile markets nurture new mutual fund stars - ReutersBOSTON (Reuters) - The stars in the mutual fund firmament are realigning. As investors sift through the wreckage of their portfolios in an industry beset by steep losses, new luminaries among fund managers are emerging. And the definition of success ...
Wall Street brought down as ratings let loose subprime scourge - Seattle TimesJulian Mann, vice president of First Pacific Advisors, looks at housing developments in Santa Clarita, Calif. Mann invited investors to take a tour of the subprime-mortgage corridor of California's Interstate 5 beginning in 2005 to look more closely ...
What The Experts Say - CNBCA list of the 8 worst pirate-infested places on earth, along with a sampling of the types of attacks that have taken place there this year. The housing slump means different things to different people, depending upon where they live. In some U.S ...
The (Big) Round-Up: Monday - New York ObserverAt the Wagner Houses—an East Harlem housing complex whose elevators break down more often than any other—residents live with the constant threat of getting stuck in a six-by-four-foot box. [NY Times] A declining real estate market means it’s ...
ANALYSIS-Volatile markets nurture new mutual fund stars - ForbesBOSTON (Reuters) - The stars in the mutual fund firmament are realigning. As investors sift through the wreckage of their portfolios in an industry beset by steep losses, new luminaries among fund managers are emerging. And the definition of success ...
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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