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NM Mortgage Finance Authority expands role during housing crisis - New Mexico Business WeeklyThe housing market has changed, and so has the role of the New Mexico Mortgage Finance Authority . The quasi-government/quasi-nonprofit has long helped New Mexicans obtain mortgages and spurred development of affordable housing statewide. It is still ...
U.S. Bank Acquires Downey Savings & Loan and PFF Bank & Trust Through ... - EarthtimesMINNEAPOLIS - (Business Wire) U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal ...
Refer to a friend - PR Insidewww.usbank.com - U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Goldman’s 94 new partner-level managing directors: The past six months haven’t given Wall Street much to celebrate. These 94 , though, got ...
Foreclosure crisis hits tenants - 10 NewsPort Richey, Florida ? Several viewers, including Julie Groshans of Port Richey, have contacted Tampa Bay's 10 to say they're scared because the houses they're renting are going through foreclosure. Groshans says she barely scrounged up $1,200 to ...
Western Alliance Bancorporation Announces Third Quarter 2008 Earnings ... - PR Insideperformance. Participants may access the call by dialing 1-800-860-2442. The call will be recorded and made available for replay after 2:00 p.m. ET October 24th until 9:00 a.m. ET October 31 by dialing 1-877-344-7529 using the passcode 424247. About ...
A real-world lesson in venture financing - San Francisco GateThe evening's entertainment was titled, "The Current Economic Turmoil and the Entrepreneur: The Impact on New Venture Financing and Survival." It could have been subtitled: "Abandon hope all ye who enter here." Earnestly looking for a way forward ...
Western Alliance Bancorporation Subsidiary Bank of Nevada Names Joyce ... - EarthtimesLAS VEGAS - (Business Wire) Western Alliance Bancorporation (NYSE:WAL) announced today that Joyce Smith has joined Bank of Nevada as Senior Vice President, Branch Deposit Manager of its Rainbow Regional Office. In her new position, Smith will be ...
'Canadian Gold' voted as new anthem for 'Hockey Night in Canada' - Edmonton SunAfter receiving nearly 15,000 entries, the song "Canadian Gold," written by an elementary school teacher from Beaumont, Alta., has been voted as the new anthem for CBC's "Hockey Night in Canada." Colin Oberst's winning composition was up against ...
Harper lines up with Bush on reform - Globe and MailJim **** from Canada writes: An odd alliance. Yesterday Mr. Bush said the capitalist system wasn't to blame for the current crisis, leading to inescapable conclusion that his adminstration must be to blame then. Odd that Harper would line up with ...
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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