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The Daily Thread: Waterford Wedgwood Collapses, Madoff Victims Sell ... - Wall Street JournalThe Daily Thread rounds up the major fashion news of the morning. Alfred Shaheen, creator of Hawaiian shirts such as the one Elvis Presley wore in “Blue Hawaii,” has died. (Credit: Getty Images) One of the world’s best-known makers of fine ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. One of the world’s best-known makers of fine crystal and ceramics, Waterford Wedgwood PLC, has succumbed to the credit crunch. Having ...
Developers, agents trying to adapt in tough economy - Knoxville News SentinelOrlando-based development company Land Resource closed its sales office for The Villages at Norris Lake last summer and development work came to a halt on the waterfront project near LaFollette. How long will the pain last? As the calendar turns to ...
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.
View all Terms