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David Prosser's Outlook: BAA's mauling from the competition watchdog ... - The IndependentFor a man who had just been told he would have to give up three of his most valuable assets, Colin Matthews, chief executive of BAA, didn't look terribly upset yesterday. Dividing his time between pointing out that the Competition Commission had ...
Lacker Urges Privatizing Fannie, Freddie in Clash With Paulson - BloombergAug. 20 (Bloomberg) -- Jeffrey Lacker became the first Federal Reserve official to clash publicly with the Bush administration's strategy of trying to shore up support for Fannie Mae and Freddie Mac as federally backed private firms. The comments by ...
Denver's homeless get free haircuts to look good for Obama and his ... - Los Angeles Times BlogsLast month The Ticket wrote about officials in Denver, worried about the impression that 50,000 visitors to the Democratic National Convention would get next week, were planning to hide the estimated 4,000 homeless people who hang around the city's ...
Rocky Mountain high - Arkansas TimesMax here in beautiful Durango, Colo., just catching up on news from home. I swore this was going to be a few real days off. But then I read that the NLR Chamber of Commerce was recommending that the city take out a mortgage to cushion the coming ...
House foreclosed, renters given little notice - KVBCNevada continues to lead most of the nation when it comes to home foreclosures. In an increasing number of cases, we're finding it doesn't just affect the homeowner, it affects renters as well. News 3 Investigator Mitch Truswell has one couple's ...

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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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