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New FEMA map would put hundreds of Waverly homes in floodplain - Papillion Times
WAVERLY - A Federal Emergency Management Agency (FEMA) five-year map modernization program is having a greater impact on the City of Waverly than anticipated. The map modernizations means changes to floodplain boundaries throughout Lancaster County ...

Mortgage-tax revenue slips down - Press Republican
MALONE — Franklin County took in about $60,000 less than last year in mortgage-tax fees in its April-to-September billing cycle. But there was still more than $285,000 in property-transaction fees disbursed to its municipalities to spend. Under ...

Property Transactions - Daily Review & Sunday Review
Almer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...

A place to call home - Star-Gazette
When Telisa Craven moved into her first home, it was the fulfillment of what she calls her "biggest dream" -- a period of emotions so strong it often left her in tears. "There were lots of times every day that I cried because I was so happy that I ...

Cassidy: East San Jose neighborhood is ground zero for foreclosure ... - Silicon Valley
If you want to see the havoc the mortgage meltdown has wreaked on everyday lives, forget about Main Street. Instead, take a walk with Dawn Brancaccio down Ceylon Avenue or Nassau Drive or Waverly Avenue near King and Tully roads in San Jose. Until ...

For sale, for less - Baltimore Sun
Half the communities in the Baltimore metro area saw average home sale prices decline last year as the housing slump deepened. That's a big change from 2006, the first full year of the downturn, when prices were still rising in eight out of 10 local ...

Ben Bernanke Warns Hedge Fund Billionaires - FOX News
Hedge Fund billionaires are likely to purchase a piece of Mark Rothko's artwork, like this one entitled, "White, Orange and Yellow." The contemporary art auctions at Christie's and Sotheby's, scheduled for next week, are expected to be blockbusters ...

REAL ESTATE - News-Democrat
• 2123 E. B St.; from Winter-Giess Partnership; to Kevin A. Bailey and Deloris Bailey; $27,500. • 2012 E. C St.; from Department of Housing and Urban Development; to Kenworth Clarence Johnston; $62,000 mortgage, but no sales price available ...

Childhood fascination with bridges leads to career as an engineer - Lansing State Journal
When Amy Trahey finds herself sitting in a 10-mile traffic jam she doesn't get mad. She is intrigued. In September, Trahey, a civil engineer who owns a Lansing firm specializing in bridge design, construction and inspections, was on her way to ...

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Today's Mortgage Terms starting with I

  • Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
  • Initial Rate: The rate charged for the first interval of an ARM loan.
  • Interest: Compensation in the form of money paid for the use of money.
  • Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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