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Bad for the store, bad for the mall - Marketplace.publicradio.orgScott Jagow: Over the weekend, shopping mall owner General Growth Properties avoided bankruptcy -- barely. It got a two-week extension on -- you guessed it -- mortgage loans. More from Nancy Marshall Genzer. Nancy Marshall Genzer: General Growth ...
Highlights from history: How America went from 'nation of renters ... - Marshall Democrat-NewsEditor's note: Nationwide, the housing market crisis is spreading throughout the economy. Staff writer Kathy Fairchild has been doing research on how the crisis is affecting Saline County, how the situation developed and what people can do to weather ...
Calculating The Cost Of Wall Street's Rescue - ForbesConsider the numbers: $29 billion for the Bear Stearns mess; $700 billion to buy spoiled assets; $200 billion to buy stock in Fannie Mae and Freddie Mac ; an $85 billion loan to AIG insurance; another $37.8 billion for AIG ; and $250 billion for bank ...
Mortgage defaults increase - San Francisco GateWall Street higher on hopes of credit recovery 10.20.08 Obama updates Reagan's economic critique 10.20.08 Venezuela plans new Caribbean naval base 10.20.08 Russian ruble crisis costs the Kremlin billions 10.20.08 In the Bay Area, 2,910 homeowners ...
76ers use 3s to knock off winless Kings 125-91 - FOX NewsPHILADELPHIA — Thaddeus Young scored 18 points, Lou Williams had 17 and the Philadelphia 76ers routed the winless Sacramento Kings 125-91 on Monday night. Willie Green scored 16 points and Elton Brand had 15 for the Sixers, who were up 20 points at ...
The Half Billion Dollar Yankee Lineup - Bleacherreport.comWhat the hell, let's sign 'em all. This is New York, baby. We need a winner. You think mom and dad with the 2.3 kids who need to refinance their home mortgage for bleacher seats on family day expect anything less? And what about all the suits in the ...
Stop low-cost housing drain - Detroit Free PressAddressing Congress nearly 75 years ago, President Franklin D. Roosevelt called adequate housing a right of every American family willing to work. Fifteen years later, the Housing Act of 1949 set national goals that included "a decent home and a ...
Private equity firms left with debt hangover - The AustralianNow, the private equity firms that terrorised company boards last year, paying outrageously high prices for stakes in companies such as Nine Network, Seven Network, Myer and Rebel Sports, are the victims of their debt binges as they struggle to repay ...
St. Louis banks mull Treasury bailout - St. Louis Post-DispatchCheap money! Come and get it, bankers. Uncle Sam is opening the vaults at the Treasury. Oh, there will be strings attached, of course. And if your bank desperately needs the money, the government won't give it to you. That offer — phrased more ...
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