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Investors collect profits rally - Wausau Daily Herald
Some retreat was to be expected after investors sent the Dow Jones industrial average to a two-month high on Friday; investors are wary about pouring more money into the battered market with economic data still generally weak. Monday was the first ...

UPDATE 2-Moody's sees severe recession, rising defaults - Forbes
NEW YORK, Jan 6 (Reuters) - Moody's Corp, the parent of credit rating agency Moody's Investors Service, on Tuesday forecast a 'severe recession' in 2009, with high-yield corporate default rates climbing to between 10 and 12 percent. 'The conditions ...

Moody's reaffirms A3 stable bond rating for Monongahela Valley ... - Pittsburgh Business Times
Moody’s Investors Service has reaffirmed an A3 stable rating for $12.4 million 2000 issue bonds for Monongahela Valley Hospital. The rating is based on the hospital’s strong balance sheet, market share and operating revenue growth, according to ...

Moody's sees severe recession, rising defaults - Forbes
NEW YORK (Reuters) - Moody's Corp (nyse: MCO - news - people ), the parent of credit rating agency Moody's Investors Service, Tuesday forecast a "severe recession" in 2009, with high-yield corporate default rates climbing to between 10 and 12 percent ...

Borse Dubai May Get $2.5 Billion Loan as Credit Eases (Update1) - Bloomberg
Jan. 8 (Bloomberg) -- Borse Dubai Ltd. may be the emirate’s first state-owned company to tap banks to refinance a multibillion-dollar loan since September, a sign interest rates have returned to levels companies are willing to accept. Borse Dubai ...

US CREDIT-AbitibiBowater faces major debt challenges in '09 - Reuters
NEW YORK, Jan 7 (Reuters) - AbitibiBowater Inc ( ABH.N ) is starting the new year with some challenges as the company faces a March 31 deadline to refinance a $347 million loan at a subsidiary that it does not currently have enough cash to repay. If ...

Business Briefs - Herald News
NEW YORK -- The world's third-largest independent chemical company has denied reports it defaulted on millions in loans. LyondellBasell Industries AF was downgraded Tuesday by credit ratings agencies Standard & Poor's and Moody's. The company was ...

Fairfax County plans $250M in bond sales - Washington Business Journal
Fairfax County plans one of the country’s biggest January municipal bond sales, hoping to raise a total of $250 million. The County will sell the bonds through competitive bidding among underwriters on Jan. 13 and 14, according to Bloomberg data ...

Menasha Utilities steam plant may get $21 million boost from Wisconsin ... - Post-Crescent
MENASHA — As the city explores options to refinance steam plant debt, it hopes to apply for a state Trust Fund loan of up to $21 million. City officials said the application, which would require an exemption over the current loan limit of $5 ...

RP eyes $1.5B from bond offer - Philippine Star Online
The Philippines will likely raise as much as $1.5 billion from a 10-year dollar bond offer it launched yesterday with brisk demand for the first offshore sovereign issue in Asia this year. The issue would be a key test of investors’ appetite for ...

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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.

    View all Terms
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