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House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
GAP bridges home crises - Nashville TennesseanIn March 2006, Teresa Burns glimpsed at a murky future. While attending a U.S. Department of Housing and Urban Development event, Burns learned that Tennessee had been identified as a high-risk state for real estate foreclosures. "They showed this ...
Stocks rise in U.S. despite weak GDP figures - International Herald TribunePARIS : Stocks rose in the United States following a robust rally in Asia as several central banks joined the Federal Reserve in lowering their official interest rates. The Dow Jones index climbed 0.7 percent and the Nasdaq was up 0.6 percent. The S ...
Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
In defence of the defensible - News.com.auWith the first, we are hostage to global events. In the continuing, arguably worsening, global meltdown, the answer is simply: wide open to the downside. The guarantee is somewhat different. It remains a mess. It's debatable whether that mess was ...
O'Brien's blog - Atlanta Journal ConstitutionThe entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...
America’s economic crisis is beyond the reach of traditional ... - Online JournalBy most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “ mini-depression ,”and that designation might be optimistic. The Russian economist, Mikhail Khazin says that the “ U.S. will ...
Sharp economic slowdown already under way - KPNews.comother facilities. The nation is vulnerable to recession because of reliance on steel and food exports. The world economic slowdown has already dented Ukraine. The country’s impressive eight-year growth spurt is expected to slow down next year, when ...
October 2008 Archives - Meganmcardle.theatlantic.comHalloween is such a happy holiday. No outsized expectations to get depressed about; just the blissful memory of too much candy. And I'm lucky enough to live near gay areas, which always do halloween right; I passed some amazingly decorated houses and ...
US Economy--Recession, Depression, or Collapse? - Common Dreams"For Consumers, the Hits Keep Coming" a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers ...
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