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People in Business - Nashville Tennessean
Tennessee State Board of Accountancy has announced candidates who are Nashville residents who passed the Uniform Certified Public Accountant examination: James N. Lane, April L. Mitchell and Chandar A. Reed of Antioch; Robert A. Argo, Amy E. Mitchell ...

Bernanke: lower interest rates are ‘‘feasible’’ - Jackson Sun
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are ‘‘certainly feasible,’’ but he warned there are limits to how much such action would revive an economy likely to stay weak well into next ...

Feds pledge $800B to loosen credit - Jackson Sun
WASHINGTON - Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total ...

The House Folds: The Housing Market and Irrational Exuberance - Nation
Nicholas von Hoffman : Forget big bailouts. The fed should finance non-profit state banks like the Bank of North Dakota--no profit means no reason for bankers to misbehave--to get real money to real people in the real economy. Max Fraser : The ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

Holiday halt to let more keep homes - Orlando Sentinel
Just in time for the holidays, mortgage lenders in Florida have agreed to voluntarily halt new foreclosures against homeowners for the next 45 days, Gov. Charlie Crist said Monday. The move comes a week after Crist said he was considering an ...

Bold Obama ready to score in the clutch - Chicago Sun-Times
In tight basketball games, there comes a point toward the end of the game when all is decided. A decisive play, confidence soars on one team and wanes on the other, momentum swings. In crunch time, stars show their stuff. They step up when others are ...

PhillyDeals: PhillyDeals: Where's saving grace for retirees? - Philadelphia Inquirer
Ken Holst is one of those Americans who always took seriously the links tying hard work, frugal saving and careful investment to comfortable retirement. But now he's not so sure. "I worked at Gulf Oil in South Philly. Thirty-five years. They had a ...

Businesses in Top 10 still going strong - MLive.com
Last year, the Citizen Patriot — with help from The Enterprise Group — selected 10 businesses it determined were thriving in Jackson County, despite the poor economy. We brought you stories of a business doing high-tech research on the cars of ...

Latest Pictures - Newstrack India
Bagdhad, Nov 15 (Xinhua) At least 11 people were killed and 36 injured in a suicide car bombing at a marketplace in Iraq's Nineveh province Saturday..., and its capital Mosul, some 400 km north of Baghdad, is said to be one of the last Ex-Pak PM ...

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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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