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NRUCFC to Increase Loss Provision - EarthtimesHERNDON, VA -- 12/02/08 -- For the quarter ending November 30, 2008, National Rural Utilities Cooperative Finance Corporation (NRUCFC) expects to record a loss provision ranging from $90 million to $140 million primarily related to loans previously ...
Some Atlantic City casinos struggle to pay loans - ForbesAs millions of Americans are having problems paying their mortgages, so too are some Atlantic City casinos. It's the latest proof that Atlantic City's casinos, once thought to be recession-proof, are subject to the same financial pressures affecting ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Chasing Value: Wells Fargo is getting weird - Bloggingstocks.comFiled under: Rants and raves , Money and Finance Today , Wachovia Corp (WB) , Wells Fargo (WFC) , Chasing Value , Stocks to Buy , Best Stocks for 2008 This has been a terrible year for financial institutions. However, Wells Fargo (NYSE: WFC ) has ...
February 2007 - Times Union BlogsThe Capitol. The seat of state government. Where influential politicians craft laws and crafty lobbyists peddle influence. Where hopeful citizens try to get their voices heard. Get a look behind the scenes at New York politics and statewide campaigns ...
Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-ReviewFred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...
The buck stops where? - SalonI haven't written about President Bush for quite a while. I prefer to look toward the future. But his delusional exit interview with ABC's Charles Gibson made me pay attention again. When Gibson asked Bush what he was "unprepared for" when he became ...
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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