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Greater China economic and corporate news summary - CNBCBEIJING (XFN-ASIA) - A summary of Greater China economic and corporate news at 1000 GMT HONG KONG: -Yip's Chemical H1 net profit 157.95 mln hkd vs 155.38 mln -BOC Hong Kong unit raises mortgage rates by 50 basis points -China Investment Corp to avoid ...
Property market likely to stabilize - Xinhua News AgencyBEIJING, Nov. 26 -- The central bank's rare big interest rate cut will help stabilize the property market but will not ease property developers' tightened cash flow, experts said. The People's Bank of China cut the benchmark interest rate by 1.08 ...
Exclusive: ‘Made in China’ – Is It Time for This Label to Leave ... - Family Security MattersAs we approach Christmas (yes, we say Merry Christmas in this column), critical issues of security, employment, product safety, commerce, and our influence as consumers and voters converge. A cautionary tale for this Holiday and entertaining season ...
Business Right Now - KESQ NewsNEW YORK (AP) - Wall Street opens for business for a-half session today, having logged the first four-session advance since last spring. Wednesday, the Dow rose 247 points to 8,726. The S&P gained 30 points to 887, while the Nasdaq composite surged ...
European central banks step up rate cuts (2nd Roundup) - Monsters and CriticsBrussels/London - Europe's two leading central banks - the European Central Bank and the Bank of England - delivered big rate cuts Thursday as monetary authorities around the world stepped up their drive to spur global growth by slashing the cost of ...
European central banks step up rate cuts - Summary - EarthtimesBrussels/London - Europe's two leading central banks - the European Central Bank and the Bank of England - delivered big rate cuts Thursday as monetary authorities around the world stepped up their drive to spur global growth by slashing the cost of ...
Letters, 12/3: What will we learn? - Lincoln Journal StarWhen the dust settles from the current government-created emergency, what will be the lessons voters learn? Will it be that free markets are evil? That socialism works? Or will we begin to believe that government isn’t the answer? Will we realize ...
Forex: The Return to Risk Aversion - Seekingalpha.comWhen I left you last Wednesday, I thought that we could be on the cusp of a "change" in the currencies, as the trading theme that had held a tight grip on them since July was thrown to the side for a couple of days… But I doubt "that" has happened ...
Sunday talk show tip sheet - Politico.comThe Sunday talk shows are taking a reflective look back at the outgoing administration of President George W. Bush and peeking ahead to the new administration of Barack Obama this Thanksgiving weekend. First lady Laura Bush headlines NBC’s “ Meet ...
The world's stimulating debate - CBC NewsWorld leaders from China to Mexico have announced plans in recent months to spend their way out of the global economic slowdown. Governments are scrambling to push their sluggish economies forward — almost always through more spending. As economic ...
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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