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Hopes bloom as bailout rewards recklessness - Bangor Daily News
Wall Street has become a zone of fascination at Cobb Manor, because I presume that somewhere within that $700 (or is it $900) billion taxpayer bailout, there will be enough crumbs to dissolve the mortgage at Cobb Manor. Certainly if the Wall Street ...

7 Ways for Obama to Save the Housing Market - US News and World Report
The Great Housing Bailout of 2009 is coming. The recent announcement by Fannie Mae, Freddie Mac, and Citigroup that they plan to reduce mortgage payments for hundreds of thousands of borrowers facing foreclosures may well be just the beginning of ...

Councilman opposes logging - Hawk Eye
It's a move that will earn the city of Burlington a profit and help to reinvigorate the ecology of Otter Island, according to a forestry expert hired by the city. However, not all members of the Burlington City Council are on board with a plan to ...

Church on auction block - Cincinnati.com
It might take a miracle to save a Hamilton Township church from the auction block. The mortgage holder for Crosspointe Community Church has called in its loan. Now, the multi-purpose building and 26 acres on Cozaddale-Murdock Road in Warren County is ...

Collier foreclosures hit working class - Naples Daily News
In Collier County, it’s the more affordable communities that have been hurt the most. From Jan. 1 to Oct. 8, the county had 1,500 final judgments for mortgage foreclosures on single-family homes, with a total mortgage balance of more than $522 ...

Apartment building owner asks to forgive $1M loan - Hawk Eye
City officials are as much in the dark as the tenants who were evacuated during June flooding as to when they can return to the Burlington Apartments. "I can't tell you when they will be allowed to go back," City Manager Doug Worden said at Monday's ...

Upbeat local real estate market bucks trend, 'best in years' - Storm Lake Pilot Tribune
There's one way to avoid a crash - don't stand on the edge of the cliff to begin with. Such is the case with Storm Lake's real estate market, which is enjoying an exceptionally strong year even as other parts of the country hit the highly-publicized ...

Text-only Version - 24 Hour Museum
To mark the 90th anniversary of the end of World War One, people's memories of the conflict will be brought to life during National Storytelling Week at Dewsbury Museum On Sunday January 27, a First World War soldier played by professional actor Ben ...

INDUSTRY NEWS & PEOPLE July 2007 - Business Travel Executive
The Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...

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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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