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News about Mortgages:
RBS Enhances Mortgage Group Amid Broad Expansion - MSN MoneyCentralScott Eichel and David Cannon Named Co-Heads of Growing Team That Includes 16 New Professionals GREENWICH, Conn. , Aug. 27 /PRNewswire/ -- RBS Greenwich Capital, a leading institutional fixed-income firm that provides the full range of debt capital ...
RBS Greenwich Capital adds 16 new professionals to mortgage team - Banking Business ReviewAmong the new hires, 15 members join RBS Greenwich Capital from Bear Stearns & Company, led by Scott Eichel, who will co-head asset-backed and mortgage trading with RBS veteran David Cannon. Mr Eichel is joined by six other traders from Bear Stearns ...
RBS hires 16 in mortgages, including 15 from Bear - ReutersNEW YORK, Aug 27 (Reuters) - RBS Greenwich Capital, a U.S. investment banking unit of Royal Bank of Scotland Group Plc (RBS.L: Quote , Profile , Research , Stock Buzz ), said on Wednesday it has hired 16 people to join its mortgage-backed securities ...
Mile High Letdown - SlateObama Speech React: 1) A little flat, and not just because of it's now-required State-of-the Union laundry-list passages; by September; 2) Background off, color-wise; 3) Best graf by far: I love this country, and so do you, and so does John McCain ...
FirstFed's shares soar as 'short' bets backfire on bears - Los Angeles Times BlogsThe bears on FirstFed Financial Corp. may have outsmarted themselves: By heavily betting on the stock to drop, they’ve created a situation where just the opposite is happening. The Los Angeles-based mortgage lender’s shares were up $3.14, or 26 ...
Clerk of court reviews suits on ground rent - Baltimore SunThe clerk of Baltimore's Circuit Court said yesterday that he ordered a review of the legal practices of a real estate attorney who has filed at least 10 lawsuits to seize homes owned by dead people over unpaid ground rent. Frank M. Conaway also ...
Public Notice - Columbia Star1102 Huger Street, TMS# 08912-10-09 through -19, rezone from M-2, -DD (Heavy Industrial, Design Development) and M-2, -DD, -DP (Heavy Industrial, Design Development, Design Preservation) to M-1, -DD Light Industrial, Design Development) and M-1, -DD ...
August 2008 - ABC News BlogsABC News' Alice Gomstyn reports: Americans struggling with high gas prices, take heart: Diddy “feels you.” The rap megastar is keeping his private jet grounded and flying commercial – American Airlines, to be exact – because “gas prices are ...
Carville: This Convention Has No Message - ABC News BlogsOn CNN this evening, Clintonista James Carville voiced his displeasure with tonight's proceedings as having no theme, no message. "James Carville seems the least satisfied Democrat in here right now," noted CNN's Anderson Cooper. "What's going on ...
Running for War President at Any Cost - Common DreamsJust great! Nuclear-armed Pakistan is falling apart, Iran's nuclear program is unchecked and congressional legislation on cooperation with the Russians on controlling nuclear proliferation is now dead in the water. Horrid news except for Sen. John ...

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Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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