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CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

3rd Circuit: Truth in Lending Act Provides Unwaivable Defense - Law.com
A provision in the Truth in Lending Act that excuses minor inaccuracies on the part of lenders is not an "affirmative defense" that must be specifically raised by the defendant, but instead is a "general defense" that cannot be waived, the 3rd U.S ...

Hamburg Board Finalizes Sale of Phase II Construction Bonds - Ashley County Ledger
In a special meeting at noon on Tuesday, October 21, the Hamburg School Board finalized the sale of $2.79 million in construction bonds for the second phase of the projects approved by the voters in 2007. Carey Smith, a vice president of Stephens ...

General Growth Properties - New York Observer
SHoP Architects via New York Times. Rendering of a redeveloped South Street Seaport. From Commercial Property News : "On the heels of suspension of dividend payments and the replacement of the company’s CFO at the beginning of October, Chicago ...

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 ...

Fire destroys Mondovi business - Milwaukee Journal Sentinel
City Furniture and Appliances' owner David Gray says it appears the building is a total loss. The Durand and Eau Claire fire departments worked on the blaze Monday evening. Gray says it didn't take long before the fire broke through the roof and ...

Central European Distribution Corporation Q3 2008 Earnings Call ... - Seekingalpha.com
Central European Distribution Corporation (CEDC) Q3 2008 Earnings Call November 6, 2008 8:30 am ET Executives James Archibold – Vice President - Investor Relations, Corporate Secretary William Carey – Chairman of the Board, President, Chief ...

Bank of America announces rescue plan for Countrywide borrowers - San Jose Mercury News
An article did not make clear how much money Bank of America has committed to relieve Californians and others throughout the U.S. who are having trouble making payments on risky mortgages from Countrywide Home Loans. The bank has committed more than ...

The financial crisis: How our mortgages got us into this mess - Santa Cruz Sentinel
To get a better understanding of how we arrived in the current economic mess, drive five miles up steep and winding Mount Hamilton Road, hang a right through the iron gate into the Three Springs subdivision, then check out John Gronley's little patch ...

Eliot Brown - New York Observer
City's Willets Point rendering. Just on the heels of the highly contentious City Council term limits vote, Mayor Bloomberg has personally injected himself into the push to sway the council on his administration's plan to redevelop Willets Point ...

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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
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