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BRIEF-Chrysler says its finance unit 'must gain access' to TARP money - FXStreet.com
* Chrysler's Robert Nardelli says its affiliate finance companies "must gain access to TARP funds", or the Treasury Department's $700 billion Troubled Asset Relief Program that was approved by Congress several weeks ago. * Nardelli says has asked UAW ...

At the Lincoln - Independent
Steve Allen and Donna Reed star in “The Benny Goodman Story,” the unforgettable story of making dreams happen that is good viewing for the whole family. Come to The Lincoln early to witness a ceremonial burning of the historic theater’s ...

Hartford, Lincoln, Genworth Buy Lenders, May Gain U.S. Funds - Bloomberg
Nov. 14 (Bloomberg) -- Hartford Financial Services Group Inc., Genworth Financial Inc. and Lincoln National Corp. plan to buy lenders, a move that may entitle the three insurers to billions of dollars from the Treasury's bank rescue fund. Hartford ...

Hartford, Lincoln, Genworth Buy S&Ls, May Gain Treasury Funds - Bloomberg
Nov. 15 (Bloomberg) -- Hartford Financial Services Group Inc., Genworth Financial Inc. and Lincoln National Corp. plan to buy lenders, a move that may entitle the insurers to billions of dollars from the Treasury's bank rescue fund. Hartford, which ...

Full Text of Lincoln Letter to Lydia Bixby - FOX News
I have been shown in the files of the War Department a statement of the Adjutant General of Massachusetts that you are the mother of five sons who have died gloriously on the field of battle. I feel how weak and fruitless must be any word of mine ...

Obama’s Lincoln - Newsweek
It is the season to compare Barack Obama to Abraham Lincoln . Two thin men from rude beginnings, relatively new to Washington but wise to the world, bring the nation together to face a crisis. Both are superb rhetoricians, both geniuses at stagecraft ...

Lincoln Financial buying bank, applying for funds - Forbes
Insurance and investment manager Lincoln Financial Group said Monday it is applying to become a savings and loan after reaching a deal to acquire Newton County Loan & Savings FSB. The move will allow Lincoln Financial to apply to receive funds as ...

Congress Welcomes 60 New Members - FOX News
Monday: Newly elected House members pose for a freshman photo in front of the Capitol in Washington, D.C. WASHINGTON — Some 60 new faces, the freshman class of the next Congress, are converging on Washington as lawmakers try to bring the current ...

On the beat: After 10 years, a "Christmas Carol" CD here - Canton Repository
For four holiday seasons, 1997 through 2000, the Players Guild of Canton presented a musical version of Charles Dickens "A Christmas Carol," created by two local men, composer Steve Parsons and lyricist-scriptwriter John Popa. A decade later, an ...

Changing real estate market prompts creative ways to buy and sell - Providence Journal
It’s a buyer’s market — if you’re the right kind of buyer. As Rhode Island’s house prices fall to their lowest level in five years, people are finding their dream houses on the market for tens of thousands of dollars less than they were ...

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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