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Being thankful always - Fremont News-MessengerOhio's unemployment rate is even higher than the national rate, and the state is running out of money for jobless benefits. The American auto industry is near disaster. The housing market crumbled months ago, causing a national credit crisis. Some ...
IndyMac mortgage relief could be model - Boston GlobeMaribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk. Carrillo, 32, lost her $150,000-a-year job managing a record label in Los Angeles this ...
IndyMac plan could be model for mortgage relief - San Diego Union-TribuneMaribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk. Carrillo, 32, lost her $150,000-a-year job managing a record label in Los Angeles ...
Mortgage relief plan could be model for others - Miami HeraldMaribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk. Carrillo, 32, lost her $150,000-a-year job managing a record label in Los Angeles ...
FDIC plan aids homeowners - Chicago TribuneMaribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk. Carrillo, 32, lost her $150,000-a-year job managing a record label earlier this year ...
FDIC takeover could be model for loan crisis - Lexington Herald-LeaderMaribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk. Carrillo, 32, lost her $150,000-a-year job managing a record label in Los Angeles ...
Lakeshore update - Herald Times ReporterMARIBEL — The Manitowoc County Sheriff's Department has released more details about two suspects in an armed robbery on Saturday. According to Sheriff Rob Hermann, two men entered a residence at about 5:30 p.m., displayed a weapon and tied up the ...
Bailout may be too late for many homeowners - San Gabriel Valley TribuneIt's clearly a case of winners versus losers. The Federal Deposit Insurance Corp., mortgage giants Fannie Mae and Freddie Mac and several of the nation's largest financial institutions all have plans designed to help struggling homeowners avoid ...
What does the election of Barack Obama mean for Northeastern ... - Times-LeaderAll of 3 years old, Maribel Olea didn’t vote, and won’t be able to until Barack Obama is long out of office. She may well end up picking his successor’s successor’s successor. “I’m afraid of a big government fix to a system that’s not ...
Bailout may be too late - Whittier Daily NewsThe Federal Deposit Insurance Corp., mortgage giants Fannie Mae and Freddie Mac and several of the nation's largest financial institutions all have plans designed to help struggling homeowners avoid foreclosure. The FDIC's proposed $24.4 billion ...
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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