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Sep 28 - Oct 04 (317) - Andrewsullivan.theatlantic.com
Crowley thinks calls from the right to drop Palin will slow: ...the calls to dump Palin from the ticket will now stop, except among those hardy Republicans who actually care about her qualifications to be president. (President! Remember that's what ...

UPDATE 4-Akzo Nobel suspends share buyback, shares hit - Reuters
LONDON, Sept 29 (Reuters) - Dutch chemicals group Akzo Nobel NV has postponed the remaining 1.6 billion euros ($2.3 billion) of a share buyback plan due to the credit crunch, it said on Monday, sending its share price to a three-year low. The world's ...

Company Bond Sales Fall in Europe on Lehman Concerns (Update1) - Bloomberg
Sept. 12 (Bloomberg) -- Corporate bond sales in Europe fell for the second week on investor concern that record losses at Lehman Brothers Holdings Inc. indicate the global credit crisis is deepening. Sales totaled 13.5 billion euros ($19 billion ...

Site Presented By - Salon
During the debate Monday morning on the bailout bill, one conservative Republican after another denounced the bill. We don't need $700 billion to fix the problem, they said. Instead, the real solution is the repeal of a specific accounting rule. The ...

Reality Catches Up to the Free Market - Common Dreams
Karl Marx, were he still about, would surely be interested in the report that unregulated free-market capitalism has died in a flash, by its own hand; whereas it took 70 years and a Cold War to bring down the Marxist economy established in the Soviet ...

Billionaires Up, America Down - Common Dreams
When it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit ...

Commercial Breaks - New York Observer
The empty storefront is the new bank branch. With Citigroup’s acquisition of Wachovia and JPMorgan Chase’s Washington Mutual takeover, more storefront bank branches citywide will come into play, according to retail brokers. (Washington Mutual ...

Greenspan Calls for Action on Financial Crisis - Wall Street Journal
The U.S. economy is in the grip of the most severe financial crisis since the Great Depression. Even highly credit-worthy businesses are paying unprecedented premiums for borrowing. A large fraction of businesses are shut out of the credit market ...

This Election is Not a Soap Opera or a Football Game: It is About the ... - OpEdNews.com
The corporate media would have us believe, based on their coverage, that the most important issues in this presidential campaign are political tactics and the "character" of the four candidates. But what is at stake right now is not primarily the ...

Sep 28 - Oct 04 (347) - Andrewsullivan.theatlantic.com
Has the so-called Prosperity Gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That's what a scholar of the fast-growing brand of pentecostal Christianity believes ...

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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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