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Ohio Turkey Bowl game grows into charity event - Zanesville Times RecorderMEDINA, Ohio (AP) - Every Thanksgiving all across America, old pals get together, play touch football and call it a Turkey Bowl. The Meadows Turkey Bowl in Medina is just something that got a little out of hand. It all began quite simply in 1990 ...
Fed says it will buy mortgage-related assets - Buffalo NewsThe Federal Reserve says it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed says it will purchase up to $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie ...
No hajj for you, feds tell local Somalis - Minnpost.comFederal authorities blocked two Minneapolis mosque leaders from flying to Mecca and Medina , the Strib's James Walsh and Pam Louwagie write . The feds aren't talking, but the leaders' attorney says the government believes the mosque is where local ...
Economy shrinking, home prices dropping - Buffalo NewsThe economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. Treasury Secretary Henry ...
Family of kidnapped Mexican woman suspects driver - SalonNov 26th, 2008 | MEXICO CITY -- A former Cabinet secretary whose daughter was kidnapped more than a year ago said Wednesday that his former driver may have been responsible and demanded authorities investigate, reviving a case that has fueled outrage ...
Even in a recession, some Northeast Ohio businesses poised to do well - Cleveland Plain Dealer BlogIf economists were artists, they might render battered Greater Cleveland -- and most of the nation -- in sepia tones, like snapshots from the 1930s. But even they would see brightly colored spots among the drab. Though money worries, job loss and ...
Migrants Return to Mexico For the Holidays With Less - FOX NewsNov. 27: Jose Moreno, from Mexico's Zacatecas state, leans on a friend's truck as he waits for his friend. Nov. 27: Jose Moreno, from Mexico's Zacatecas state, leans on a friend's truck as he waits for his friend. CIUDAD JUAREZ, Mexico — Nearly 1 ...
Pulse of the economy: The new frugality - AZCentral.comThis time, it's hitting all of us. On Nov. 21, 10 Republic reporters and four photographers fanned out across the Valley to take the pulse of the Arizona economy. They asked everyday people, many of them solidly middle-class, how they were coping. It ...
More Letters to the Editor - Seattle Post IntelligencerAfter reading Chris McGann's article regarding the Building Industry Association of Washington, I feel compelled to respond. The public has no idea what the BIAW does -- when it isn't smearing the governor. I'd like to shed some light on these guys ...
Mumbai attacks: Was computer expert aged 36 the mastermind? - ScotsmanUNCERTAINTY is a key weapon in the armoury of Islamic fundamentalist terror. As investigators, experts and analysts grope for the truth, someone somewhere is taking satisfaction from the horrified confusion the Mumbai attacks have caused. Analysts ...
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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