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The mayor and the park - Arkansas Times
Mayor Mark Stodola . Give him credit. He fires back. Re some dismissive remarks here about fairly small-bore plans for War Memorial Park after what seems like a decade of study, he has responded. On the jump: 1) his note. 2) a list and explanation of ...

D. Bank moves to foreclose on Macklowe loan -WSJ - Reuters
Sept 4 (Reuters) - A group of lenders led by Deutsche Bank AG (DBKGn.DE: Quote , Profile , Research , Stock Buzz ) has sued Macklowe Properties Inc to foreclose on a $510 million loan the developer took out to build on the former site of the Drake ...

More Bay Area News - San Francisco Gate
Rohnert Park man pleads guilty to cocaine charges 09.04.08 Cal gets go-ahead for sports training center 09.04.08 School groups challenge Calif. algebra mandate 09.04.08 S.F. Commission supports North Beach library plan 09.04.08 The city's first lady ...

Aid offered for home buyers - Detroit News
WESTLAND -- The city is getting proactive to save some of its neighborhood homes from abandonment by launching a program that offers assistance to new home buyers. The program, which was approved by the city's housing commission last week, offers ...

Jaguars' season begins amid adversity - CBS Sportsline
JACKSONVILLE, Fla. (AP) -Even before the Jacksonville Jaguars opened training camp, they had problems. Team owner Wayne Weaver was refuting rumors that the franchise was for sale and possibly moving to Los Angeles. Receiver Matt Jones was facing a ...

Republicans avoiding issues, Obama says - Knoxville News Sentinel
Democratic presidential candidate, Sen. Barack Obama, D-Ill., speaks at a rally at Buchanan Park in Lancaster, Pa., Thursday, Sept. 4, 2008. YORK, Pa. - Democratic presidential candidate Barack Obama said Thursday that Republicans at their national ...

ECB crackdown looms - Marketwatch
LONDON (MarketWatch) -- The European Central Bank has signaled plans to carefully change the rules governing what kind of collateral it will accept when banks tap money-market auctions for needed cash. Economists say the ECB could move as early as ...

Investment Sales - New York Observer
Macklowe Properties Chairman Billy Macklowe. Hot damn! The Real Deal is reporting that Deutsche Bank is suing Macklowe Properties "to foreclose on $482 million in principal loaned to develop the Drake Hotel site at Park Avenue and 56th Street ...

Thompson defends Palin - Knoxville News Sentinel
Former Sen. Fred Thompson of Tennessee speaks at the Republican National Convention on Tuesday night in St. Paul, Minn. He spoke in defense of Sen. John McCain's vice presidential pick, Sarah Palin, who has revealed that her unmarried 17-year-old ...

Auction Service - Chicago Tribune
The Wellness Center at Leesburg Regional Medical Center has expanded its Teaching Us Fitness is Fun (T.U.F.F.) Kids program to 23 elementary schools in Lake County. Jessica Schwartz, a graduate of the University of Central Florida, created the pilot ...

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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.

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