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What does President-elect Barack Obama plan to do about the mortgage ... - Louisville Courier-JournalA: Obama's campaign platform included proposals to grant a mortgage tax credit to 10 million homeowners who don't itemize deductions on their tax returns. He also advocated allowing bankruptcy judges to reduce the amount homeowners owe. But thus far ...
Paulson Debates Second Infusion - Wall Street JournalWASHINGTON -- U.S. Treasury Secretary Henry Paulson is debating whether to ask Congress for the second installment of the $700 billion bailout package, concerned about competing demands for the funds and a potentially hostile reaction from lawmakers ...
Boynton CRA's grant program helps first-time home buyers - Palm Beach PostBOYNTON BEACH — Andrae Robinson's Christmas will be brighter in his first home. He moved in last week thanks to a grant program sponsored by the Boynton Beach Community Redevelopment Agency for first-time home buyers. The $50,000 grant Robinson ...
Corporate Social Responsibility Profile - CSR WireNew Urban Research, Inc. is a professional research and training company. Our professional research focuses on quantitative and spatial analysis. Quantitative research includes community assessments, program evaluation and technical grant writing. We ...
Obama's ideas to rev up the nation divide economists - Miami HeraldIn three news conferences last week, President-elect Barack Obama began to outline an economic stimulus and recovery program involving public works, tax breaks and new federal funding for energy research. The planned initiatives provided a spark of ...
Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids GazetteGazetteOnline Home Log In Read The e-Edition Newsletters Text Alerts RSS Feeds Data Central Gazette Store FAQ Page Place a Classifed Ad News Home Log In Read The e-Edition Business Newsletters RSS Feeds Data Central Iowa Caucuses Gazette Store Sports ...
A wealth of ideas for Obama's stimulus program - Los Angeles TimesIn three news conferences last week, President-elect Barack Obama began to outline an economic stimulus and recovery program involving public works, tax breaks and new federal funding for energy research. The planned initiatives provided a spark of ...
State amends disaster aid rules to help homeowners - Sioux City JournalCEDAR RAPIDS (AP) -- The state has amended federal disaster aid rules to speed up the process of helping homeowners affected by this year's storms and flooding. The changes went into effect Wednesday. They include an opportunity for eligible ...
Take away the president's power to grant pardons - MENAFNSANTA MONICA, Calif. (Menafn - MarketWatch) -- The president of the United States should not be able to unilaterally pardon people for crimes they have committed, or for crimes they may be charged with committing. This archaic practice flies in the ...
Beach-front homeowners may not qualify for buyout - Galveston County Daily NewsGALVESTON — One hundred and fourteen West End houses are now on the public beach, based on the tentative line of vegetation set by the Texas General Land Office two weeks ago. Sixty-five more houses were destroyed when Hurricane Ike came ashore ...

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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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