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2 charged in $30M fraud scheme - Vancouver SunA marathon investigation into one of the biggest financial frauds in B.C. history concluded Tuesday with multiple charges against former Vancouver lawyer Martin Wirick and Vancouver real estate developer Tarsem Singh Gill. Wirick was arrested at his ...
Two charged in $30 million fraud scheme - Vancouver SunA marathon investigation into one of the biggest financial frauds in B.C. history concluded Tuesday with multiple charges against former Vancouver lawyer Martin Wirick and Vancouver real estate developer Tarsem Singh Gill. Wirick was arrested at his ...
Construction jobs hard to come by this summer - Kansas City StarStill reeling from the subprime mortgage mess and the economic downturn it spawned, the troubled construction industry got another jolt of bad news recently when the production of single-family homes hit its lowest annual rate since 1991 ...
Vicky Hallett and Howard Schneider - Washington PostHe's a veteran reporter, digging up the latest fitness news. She's an irreverent columnist with a knack for getting people off the couch and into the gym. No exercise question is too odd or embarrassing for them to answer. Howard Schneider: I don't ...
Expert: Housing woes may last through late ‘09 - Packet OnlineThe local housing market has followed its expected downward course this year, and predictions it would begin to recover about this time have proved overly optimistic. Many in the industry agree that prices are approaching or have already hit rock ...
Captain Crunch's £1000 weekly award - The SunMY name is Ellie and I am 13. My dad is a builder and we have been hit really hard by the recession. He did a job recently but the people are now saying they can’t afford to pay him. My mum works full-time but her pay only covers our mortgage and a ...
August 2008 - Posts - MSNBC FirstreadNBC's Mara Schiavocampo went to the floor of the Democratic National Convention and got reaction from delegates and attendees on Clinton's speech last night. In a breakfast pep talk to Democratic donors this morning at the Brown Palace Hotel here in ...
China and Starbucks' Late Stage Growth Obesity - Seekingalpha.comI had my TV service disconnected at home for awhile now, don’t want my kids to become TV-addicts. We reconnected it so we could watch Olympics – I am glad we did. The opening ceremony was incredible. It was a demonstration of Chinese might, but ...
The Thin Man - Weekly Standard"I happen to semi-know [Denver] Mayor Hickenlooper, because I belong to an all-author rock band called the Rock Bottom Remainders, and when we performed in Denver two years ago, Hickenlooper joined us on stage to sing the classic Troggs song 'Wild ...
BAILOUT KINGS - New York PostA group of the biggest U.S. banks are ready today to roll out a $100 billion bailout plan to jump-start the wrecked credit mar- ket - but it could trigger new rifts in the financial fraternity. After a weekend marathon of prodding by Treasury ...

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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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