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Student, 17, charged in stabbing at city school - Baltimore SunAn Arizona man has been accused of cheating a Chicago boy with a terminal illness out of a go-cart. Authorities say 53-year-old Douglas Riesberg received $11,000 from the Make-A-Wish Foundation's Chicago chapter in March for a custom go-cart for the ...
Vineyard National Bancorp Shareholders Announce Intended Slate of ... - PR NewswireNEW YORK, March 17 /PRNewswire/ -- Jon Salmanson and Norman Morales, longtime shareholders of Vineyard National Bancorp ("Vineyard" or the "Company") NASDAQ: VNBC, announced today their proposed nominees for election to the Board of Directors of ...
D-FW Top Public Companies - Dallas Morning NewsThe corporate landscape in Dallas-Fort Worth is in the midst of its biggest shakeup since the fallout from the tech bust five years ago. The proof is in the turnover in our list of the biggest publicly traded companies. For this year's list, which is ...
New Wave Of Rita-Related Lawsuits Filed Against Countrywide - Insurance News NetFeb. 4--With Hurricane Rita threatening the Gulf Coast in September 2005, Samantha McCormick left her Lumberton home for the Texas Hill Country. Unable to transmit her mortgage payment because of storm-related power failure back in Southeast Texas ...
Projection: 3.99 runs a game - San Francisco GateAt Baseball Musings , David Pinto is providing projections of 2008 offensive production, and sad to say, the Giants are projected lowest of the 28 teams he's reviewed so far. His baseline estimate is that the team will score only 3.99 runs per game ...

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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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