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News about Mortgages:
JP Morgan exiting controversial swaps business - Houston ChronicleJPMorgan Chase will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market roiled by an antitrust probe and the near-bankruptcy of Alabama's most-populous county. At least seven former JPMorgan ...
The Credit Squeeze Hits Global Properties - BusinessWeekby Carol Matlack First came the U.S. housing bust. Now comes the overseas aftershock. As the global financial system reels from the credit crunch, skyscraper projects have stalled in London, Tokyo developers have gone belly-up, and Indian office ...
Islamic Bond Decree Cripples Sukuk, Imperils Projects (Update2) - BloombergSept. 3 (Bloomberg) -- The fastest-growing part of the global bond market is faltering, and it has nothing to do with subprime mortgages or the credit crunch. Sales of Shariah-compliant debt, which financed Dubai's Palm development, the world's ...
STOCKS NEWS EUROPE-Colonial up on debt refinancing deal - ForbesShares in Spain's Colonial
climb as much as 8.6 percent, lifted by the real estate company's announcement of a debt refinancing deal. 'Colonial was approaching a worse-case scenario, so any news on refinancing is positive for the share price ...
Islamic bond decree cripples sukuk growth, Gulf projects - Gulf Times
DUBAI: The fastest-growing part of the global bond market is faltering, and it has nothing to do with subprime mortgages or the credit crunch. Sales of Shariah-compliant debt, which financed Dubai’s Palm development, the world’s largest man-made ...
Latest Share Chat - Life Style Extra
European stocks remain in the red as U.S fall in early trade on Wall Street after weak U.S. labor market data that highlight worries over the health of the U.S. economy. At 1405 GMT, the FTSEurofirst 300 .FTEU3> index of top European shares is down 0 ...
Investment Sales - New York Observer
Macklowe Properties Chairman Billy Macklowe. Hot damn! The Real Deal is reporting that Deutsche Bank is suing Macklowe Properties "to foreclose on $482 million in principal loaned to develop the Drake Hotel site at Park Avenue and 56th Street ...
Money and Monetary Policy - Baltimore Sun
I was going to refinance my loan on my house. The day I was going to sign the closing papers, I asked again what the loan amount and monthly payment would be. It was higher than what I was told originally, so I canceled the refinance. My appraisal ...
More Business - San Francisco Gate
Under the new program, six of the nation's largest financial institutions said they will begin contacting homeowners who are 90 or more days overdue on their monthly mortgage payments. The homeowners will be given the opportunity to put the ...
The Conservative Origins of the Sub-Prime Mortgage Crisis - Common Dreams
Hardly a day goes by without a news story about the accelerating number of foreclosures, an economic tsunami that is causing chaos in the housing and stock markets, the banking industry, and the global money markets, not to mention upending families ...

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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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