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Officials: Financial crisis can lead to violence - Lincoln Daily News[ October 14, 2008 ] O MAHA, Neb. (AP) -- An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest ...
Struggling Iceland takes control of third bank - Lincoln Daily News[ October 09, 2008 ] R EYKJAVIK, Iceland (AP) -- Iceland's government took control of the country's largest bank Thursday as it struggled to prevent an all-out collapse in its overweight banking system. The decision to take over Kaupthing means that ...
Cindy McCain's Keating Profits - OpEdNews.comThis past weekend I attended a seminar about modern economic theories. One of my fellow attendees was Professor William Black of the University of Missouri at Kansas City (UMKC). Bill Black teaches both law and economics, and he is an expert on the ...
ANALYSIS-Are Korean banks next in line for govt rescue? - ForbesSEOUL, Oct 9 (Reuters) - As the global financial crisis picks off victims among U.S. and European financial institutions, analysts fear South Korea's banks could be the next casualties. The concerns have come as something of a shock to ordinary South ...
October 2008 - Posts - MSNBC FirstreadDespite swirling rumors that the McCain campaign's days of full court press in Wisconsin may be numbered, NBC confirms that the Republican nominee's team has bought ad time in markets there next week. But the RNC's independent expenditure arm has ...
Bush: Bank Buyout Needed 'To Preserve Free Market' - Common DreamsWASHINGTON - President Bush on Tuesday took the wraps off a historic and reworked financial-rescue plan, confirming that the United States will take equity stakes in nine banks, backstop virtually all non-interest-bearing bank accounts and guarantee ...
In Lakeville, McCain tamps down hostility - Minneapolis Star TribuneAs a Major in the US Army serving overseas, and both a born Muslim and Arab who grew up in Mankato and graduated from the U of MN, I am … read more disgusted with the bigotry that has spread through the US related to this campaign. My family, like ...
Despite credit crisis, bond fund has money to loan for school projects - Tullahoma NewsDespite the present credit crisis the nation is facing, the Tennessee Municipal League Bond Fund easily has $4.5 million available to loan Tullahoma to complete three school building projects, according to a program representative. The Board of Mayor ...
Obama: Times too serious for petty attacks - Boston GlobeResponding to what is now a global financial crisis, Barack Obama today called for pragmatism not partisanship, offered some more detail on a plan to help small businesses, and tweaked his critique of Republican rival John McCain. "This is not a time ...
British taxpayer to be tied into £50bn bank bailout - Times OnlineTaxpayers will be committed today to providing more than £50 billion to bail out high street banks in an attempt to avert a cataclysmic failure of confidence. Alistair Darling was due to tell the City in an early morning announcement today that the ...

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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.
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