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News about Mortgages:
Couple Won't Lose Home Over $2: Order Dismisses Foreclosure Action - TradingMarkets.comAnd they're thankful to the lawyers at the Senior Citizens' Law Office who helped make that happen. Senior Citizens law office executive director Angelica Allen said that an order dismissing the foreclosure action against the couple, who are in their ...
The Note: Economy Confronts Obama...Again - ABC News BlogsYou don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...
Ann Fisher commentary: Money for art classes in the cards - Columbus DispatchEach student's card earns $1 for the school art program. Columbus lawyer Chuck Bluestone decided a long time ago that he must be a terrible artist, after his mother remade a poster he had prepared for an elementary-school class. She rolled up the ...
Thanksgiving Hit By Financial Crisis As Well - Seekingalpha.comThanksgiving has implications for many industry groups. Therefore, I thought it would be timely to follow up on these groups, all of which have been featured in this column before. Thanksgiving Dinner Costs 5.5% More The American Farm Bureau ...
Land Transactions - Clanton Advertiser• American General Financial Services of Alabama, Inc. to Rene Delano, land located in Section 23, Township 22, Range 13. • Larry Davis and Darlene Davis to Frank Venezia and Mary Venezia, land located in Section 10, Township 23, Range 13 ...
Court Fight in the Heart of Dixie - NewsweekAlabama holds the distinction of having had the nation's most expensive Supreme Court races, with $54 million spent from 1993 through 2006. This year's battle for an open seat on the bench seems likely to sustain the pattern, with heaps of cash being ...
An emerging Southern view of the Detroit bailout - Atlanta Journal ConstitutionSonny Perdue now drives a Kia. Occasionally. The jet-black, $37,500 Borrego sports utility vehicle showed up in the governor’s Capitol parking spot last month, a gift to the state from the South Korean car maker - which is now building a $1.2 ...
Obama, McCain vie for a changing South - Dallas Morning NewsCONCORD, N.C. – Barack Obama's journey to the White House could include winning Southern states, a road less traveled by Democrats. While the heart of Dixie is still a stronghold for Republicans, Mr. Obama has created openings in upper Southern ...
Consumer prices drop record 1 percent in October - Boston GlobeWASHINGTON— Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount. The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one ...
Real Estate and the Academy Awards - BusinessWeekOnline real estate sites have to do something to attract attention these days. Cyberhomes.com , a division of the Fidelity National title insurance company, recently came with an analysis of where this year’s Oscar nominees live. In all there are ...
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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