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St. Petersburg Times Special Report - St. Petersburg TimesA Tampa house with a tarp for a roof and boards shuttering the windows sold for $300,000 in 2006 with the help of a no-money-down mortgage from a subsidiary of Washington Mutual Bank. The owner defaulted; WaMu owns it now. Listed for $52,000, the ...
Fla. called No. 1 in mortgage fraud - St. Petersburg TimesTAMPA — A national report released Tuesday said Florida leads the nation in mortgage fraud. Within the state, Tampa is second in the amount of suspicious loan activity. As the report was being released, a federal jury in Broward County was ...
Running into your ex: The poor economy forces bickering couples to ... - NewsdayRunning into your ex is almost always awkward and stressful. David Snyder and Nancy Partridge deal with it nearly every day. The Denver couple divorced after six years of marriage but have been forced to live together for months because they can't ...
BUSINESS LICENSES CHESTERFIELD - Richmond Times-DispatchThe following are recently issued business licenses in Chesterfield County. All Clean Plus (personal service); licensee same, 9002 Highgate Hill Drive, Chesterfield 23832-2493. R. Bell General Contracting (contractor); licensee Russell L. Bell, 4508 ...
UPDATE 1-Raymond James stock falls amid disclosures - ForbesRaymond James said it might have to repurchase auction rate securities it sold to customers -- but which have been nearly impossible to trade this year -- to resolve pending claims and regulatory investigations. Yet the St Petersburg, Florida, firm ...
First American CoreLogic Releases September 2008 LoanPerformance Home ... - MSN MoneyCentralSANTA ANA, Calif. , Dec. 1 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American Corporation FAF , America's largest provider of advance property and ownership information, analytics and services, today announced the ...
Did Russian Mafia loot Sandwich? Harwich charity to up the ante; Sea ... - Cape Cod TodayI nvestigators in Sandwich believe organized crime in Russia may be behind the disappearance of thousands of dollars in taxpayer money. Four illegal withdrawals were made over a 10-day period beginning Nov. 4. - Miller Sandwich Police Chief Michael ...
Excerpts from editorials in Florida newspapers - Miami HeraldThe Gainesville Sun, on the new speaker of the Florida House of Representatives: The new speaker of the Florida House of Representatives, Ray Sansom, R-Destin, seems to be carrying on the tradition, but with a twist - a six-figure job for himself. On ...
Obama: Crisis of historic proportions - Politico.comFormer Federal Reserve Chairman Paul Volcker, chairman-designate of the Economic Recovery Advisory Board, left, looks on as President-elect Barack Obama speaks during a news conference in Chicago, Wednesday, Nov. 26, 2008. Good morning. It has become ...
Economic advisers are heavyweights - Politico.comTimothy Geithner has already been steeped in the bailout efforts made by Treasury Secretary Hank Paulson and the Bush Administration. CHICAGO — President Elect Barack Obama selected a Mr. Defense and a Mr. Offense for his economic team Monday ...
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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