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Bobby Jindal, the Republican Strategists and the Last Battle - Huffingtonpost.com
In recent weeks, as part of an uncanny attempt to behave as generals fighting the last war, many in the Republican leadership have been floating Bobby Jindal, the governor of Louisiana, as the next Republican hope, or even the Republican Obama. The ...

Housing programs mostly unscathed in budget cuts - MetroWest Daily News
Editor's note: This story is part of a series of reports on the impact of Gov. Deval Patrick's state budget cuts. A quick reading of Gov. Deval Patrick's $11.5 million in cuts to state housing programs can leave a reader grim. A mortgage subsidy ...

Obama, McCain Contemplate Running Mates - ABC News
But selecting a pick solely because he brings foreign policy heft could backfire, by conceding the Republican point that Obama needs shoring up on foreign policy, a deficit that could easily be addressed with any of those men named as Cabinet choices ...

Patrick names Superior Court judge to Mass. SJC - Boston Globe
BOSTON— Gov. Deval Patrick on Monday nominated Suffolk Superior Court Judge Ralph Gants to fill a vacancy on the Supreme Judicial Court, citing the jurist's "intellectual horsepower" and "reverence for justice" as reasons to add him to the state's ...

For Obama, A Chance to Push Big Changes - Common Dreams
Amid the almost surreal numbers that describe the nation's financial crisis, President-elect Barack Obama and his incoming team are positioned to take advantage of a changed political environment and push for programs and reforms that only a few ...

2008's top turkey was a disaster of millennial proportions - Toledo Blade
THERE will be no pardon for the most notable turkeys of 2008. Not the runners-up and not the No. 1 magnet for mischief and misfortune. Some years, the turkeys are simply unforgivable and this is one. Yes, it's time again for the annual Turkey of the ...

Yahoo! Announces Most Popular Searches - Media Newsline
Yahoo! Inc has announced the most popular searches, themes, and trends as part of its 2008 Year in Review . "Every day, people turn to the web to learn more about the world around them. Their searches reveal which news events, personalities and ...

Obama takes reins on econ crisis - Politico.com
In three quick days, Barack Obama has seized the nation's economic recovery plan from President George W. Bush. In three quick days, Barack Obama has seized the nation's economic recovery plan from President George W. Bush and propelled it in a ...

Yahoo! Reviews A Year in Search - PR Inside
www.yahoo.com - Today Yahoo! Inc (NASDAQ:YHOO) announced the most popular searches, themes, and trends as part of its 2008 Year in Review (yearinreview.yahoo.com), as told through the billions of searches conducted by millions of Yahoo! users around ...

Barack Obama on the Sarah Palin 'lipstick' brouhaha: 'phony outrage' - Los Angeles Times Blogs
Barack Obama today forcefully scoffed at the bid by the John McCain camp to make political hay out of his now-notorious "lipstick on a pig" comment, dismissing as "phony outrage" the flap over what he called an "innocent remark." He also called it ...

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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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