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Stuart Fine Foods owner maintains hope of reopening Palm City store in ... - Fort Pierce TribunePALM CITY — Joe Mazzochi can be found daily in his second floor office atop the Stuart Fine Foods store in Palm City. But rather than helping people find the latest produce or donating to any of the 120 organizations he says the Mazzochi family has ...
New manager for market? - Boston GlobeMerchants at Faneuil Hall Marketplace are asking the City of Boston to run the outdoor shopping center if their current landlord, General Growth Properties Inc. , files for bankruptcy protection. General Growth, the second-largest US mall operator ...
Stuart Fine Foods' Mazocchi battling courts, creditors - Fort Pierce TribunePALM CITY — Joe Mazzochi can be found daily in his second floor office atop the Stuart Fine Foods store here. But rather than helping people find the latest produce or donating to any of the 120 organizations he says the Mazzochi family has ...
Lawmakers Grill Kashkari on Changes in TARP Plan - Wall Street JournalWASHINGTON -- U.S. lawmakers kept up the criticism of the Treasury Department's management of the $700 billion financial rescue plan on Friday, accusing officials of being disingenuous in the way they sold the program to Congress. "I don't know ...
Financial and Business Services - NewsdayWASHINGTON (AP) _ Wanted: Democratic congressional aide seeking new career. Must have strong powers of persuasion, excellent connections and good marksmanship. Contact the National Rifle Association's government affairs office for details. It's clear ...
NFL Notebook - Tulsa WorldKelly may become more involved: The Washington Redskins envision rookie wide receiver Malcolm Kelly from Oklahoma, who has had knee problems all season, helping at some point in the final six games. Rookie wide receiver Devin Thomas has displayed ...
Lakeside owner deep in red ink - Macomb DailyThe tumbling economy lost another domino this week with the announcement that bankruptcy is possible for the corporate owner of Lakeside Mall, which owns 200 other shopping centers. General Growth Properties Inc., the nation's second largest mall ...
MarketGraphics head pitched for HUD post - Nashville Business JournalA Nashville housing analyst is being pushed as a candidate for President-elect Barack Obama’s cabinet. Some State Democratic leaders are backing Edsel Charles for the nation’s top housing job as secretary of Housing and Urban Development. Charles ...
Treasury Denounced Over Bailout - Gainesville SunWASHINGTON — The Treasury secretary, Henry M. Paulson Jr., on Tuesday rejected pleas to use money from the $700 billion bailout program to help homeowners avoid foreclosure or to stave off bankruptcy by Detroit’s Big Three automakers. Click to ...
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 A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms