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Dow falls below the 8,000 mark as the fate of Detroit's Big Three ... - Orlando Sentinel
NEW YORK (AP) _ Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit's Big Three automakers and the economy disheartened investors. Stocks finished at their lows of the ...

Portland's Cascade College shutting down due to economy - kgw.com
For 15 years, Cascade College in Portland struggled to find the fuels that any college needs: students to pay tuition, and donors to help build an endowment. Then came the global economic meltdown, and suddenly that struggle became an impossibility ...

Markets Mayhem - CNBC
C   Loading...       ( )   ] at shocking lows. At the same time, credit markets are getting dicey again, worrying traders who see no solutions to mend the ailing mortgage market. More From CNBC.com ... Get After-the-Bell Dow 30 Quotes Credit ...

Dow falls below the 8,000 mark as the fate of Detroit's Big Three ... - Fort Lauderdale Sun-Sentinel
NEW YORK (AP) _ Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three automakers amid a slumping economy disheartened investors. A cascade of ...

Many line up for cash, but bailout plan is faltering - Salt Lake Tribune
Treasury Secretary Henry Paulson did an about-face Wednesday, saying the Treasury was officially abandoning its original strategy of buying troubled assets from banks. The announcement did little to ease anxiety for Wall Street investors. As the U.S ...

Dow falls below 8,000, S&P at 5-year low - Newsweek
Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers. A cascade of ...

Wall Street plunges to more than 5-year low - MSNBC
NEW YORK - Wall Street stocks plummeted to levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three automakers and a slumping economy disheartened investors. A ...

Auto industry bailout has problems - Kansas City Star
WASHINGTON | Finally, the outlines of a coherent debate on the federal bailout. This comes as welcome relief from a campaign season that gave us the House Republicans’ know-nothing rejectionism, John McCain’s mindless railing against “greed and ...

Dow below 8,000 on poor outlook from Fed and as fate of Detroit ... - Allentown Morning Call
NEW YORK (AP) _ Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers ...

Christian Colleges Struggling to Survive - Christian Post
For 15 years, Cascade College in Portland, Ore., struggled to find the fuels that any college needs: students to pay tuition, and donors to help build an endowment. Then came the global economic meltdown, and suddenly that struggle became an ...

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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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