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WaMu to cut 500 jobs from Florence mortgage center - Charleston Post & CourierFLORENCE — More than 500 workers at Washington Mutual's mortgage processing office in Florence will lose their jobs as the company is taken over by JPMorgan Chase & Co. JPMorgan Chase spokeswoman Nancy Norris told WBTW-TV that the jobs will be ...
JP Morgan Chase cuts 500 jobs in Florence - Charleston Regional Business JournalJP Morgan Chase & Co. is cutting almost 500 jobs from the Washington Mutual mortgage processing operation in Florence. The job cuts are among the 9,200 positions JP Morgan plans to eliminate as part of its takeover of Washington Mutual Bank. JP ...
Assurant Specialty Property Announces Plans to Increase Staff at ... - Insurance News NetFLORENCE, S.C. , Dec. 4 /PRNewswire/ -- Assurant Specialty Property said today its Florence hazard insurance service center plans to hire as many as 100 additional employees over the next four to five months to accommodate the growth of its creditor ...
General Growth gets loan extension - Business CourierGeneral Growth Properties Inc. , owner of Kenwood Towne Centre and Florence Mall, has received a two-week extension on $900 million in mortgage loans that came due on Friday. The company says it is seeking a longer-term extension. In mid-November ...
Fifth family member pleads guilty to bank fraud - Myrtle Beach OnlineThe fifth member of a Myrtle Beach family pleaded guilty to conspiracy to commit bank fraud recently in federal court in Florence, according to United States Attorney W. Walter Wilkins. Corilynn Rock Mullen, 38, joined four other family members - her ...
Fulfilling the dream of homeownership - Thesiuslaw NewsAbove is Habitat’s latest project at 7th and Laurel streets, where an open house was held last week. Left to right are Habitat construction volunteers and soon-to-be homeowners Heather Hobin and Tina Marler and son Riley. Habitat for Humanity heads ...
2 plead guilty to bank robbery while on bail - Myrtle Beach OnlineTwo Myrtle Beach residents pleaded guilty in federal court to robbing a bank while out on bail, according to U.S. Attorney W. Walter Wilkins. Maurice Russell Small, 23, and Elysia Nicole Nolan, 20, robbed the Georgetown Craft Credit Union in ...
Family-owned firm gives $6.6M in bonuses - United Press InternationalWAUKEGAN, Ill., Nov. 28 (UPI) -- The founding family that just sold PEER Bearing Co. announced Friday it is distributing $6.6 million in bonuses to its 230 U.S. and British employees. The company, based in Waugegan, Ill., also has workers in China ...
Property Transactions - Daily Review & Sunday ReviewAlmer 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 case study in housing collapse - St. Petersburg TimesTAMPA — Thousands of miles from the trading floors of global stock markets, an abandoned house in one of Tampa's poorest neighborhoods is an improbable place to learn about why the world's financial system is collapsing. But if you want to ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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