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October retail sales expected to be weak - WTOP RadioWASHINGTON (AP) - Consumers, the backbone of the economy, are taking a beating from the worst economic crisis in seven decades and there is little prospect of that letting up soon. Recent news has been dreadful, with the government reporting that ...
Nov 14, 1:00 AM EST - Associated PressWASHINGTON (AP) -- Consumers, the backbone of the economy, are taking a beating from the worst economic crisis in seven decades and there is little prospect of that letting up soon. Recent news has been dreadful, with the government reporting that ...
Budget deficit hits record; jobless claims surge - Seattle Post IntelligencerWASHINGTON -- The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month and projections of up to $1 trillion for a year, a half-million new applications for ...
Retailers brace for slower holiday shopping season - Orlando Business JournalLocal shopping malls and retail merchants, faced with the prospect of sluggish sales during the traditionally hectic holiday shopping season, are trying new strategies to lure in more foot traffic. For instance, Orlando Fashion Square is adding ...
Professionals' knowhow makes the best of some dismal news - Times OnlineIf large-cap media stocks made headlines this week, it was for the opposite reasons than for the rest of the stock market. Rather than the tide of profit warnings, dividend cuts and rescue fundraisings that are prevalent elsewhere, Thomson Reuters ...
Dubai pledges steps to counter downturn - Financial TimesAs the clouds of the financial crisis gather over Dubai, a government official said on Wednesday that the emirate would take strong measures to deal with the impact of the economic downturn. Nasser al-Shaikh, director-general of the department of ...
Enterprise Inns hit by debt finance fears - Daily TelegraphAnalysts thought some income funds were selling out of Enterprise yesterday after broker JPMorgan argued the company should scrap future dividend payments to accelerate debt repayments - a move that could take the company out of the "distress ...
ConnectEast bid to raise $350m in equity - ninemsnMelbourne toll road company ConnectEast Group is seeking to raise over $350 million in equity, a media report said on Wednesday. The Australian newspaper website said ConnectEast was seeking the funds to ease its capital position after traffic on its ...
Residents seek damages for gas leak - ninemsnMatthew Wheelahan's decision to move his family to the Brookland Greens estate was supposed to be an upgrade from nearby Cranbourne. In September their home that won House of the Year in 2007, was valued at $420,000. But in the same month, its value ...
Gazprom keeps Spain guessing on Repsol riddle - Financial TimesLast month Gazprom denied it was in talks to buy a large stake in Repsol . This week, Russia’s deputy prime minister said the large gas export monopoly was indeed considering buying a 20 per cent stake in the Spanish oil company. Both Spanish ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms