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Analyst Actions: Gap, Autodesk, REITs - BusinessWeekGap Inc.'s ( GPS ) reported higher third-quarter earnings. Citigroup analyst Kimberly Greenberger says the company's 35 cents EPS was in line with her 35 cents estimate. She notes third-quarter selling, general, and administrative (SG&A) expense fell ...
Car fire on 94 at 121st - Milwaukee Journal SentinelNov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...
Mortgage problems for the self-employed - BusinessWeekAlt-A mortgages were designed for people with good credit who had trouble documenting their income — people like the self-employed. Not as risky as subprime but not quite prime either, Alt-As made some news recently because they’re part of what ...
Big Greed On Small Street - BusinessWeekIn the tsunami of news regarding the economic crisis and government bailout, the narrative that has formed largely follows the line of a greedy Wall Street swindling the victims of Main Street. So, it was with great interest that I read a brief ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
For local banks, credit still flows - North Bay Business JournalNORTH BAY – Despite credit turmoil and the volatile economic state of the union, local banks are continuing to lend, often at a pace ahead of a year ago. “We are open for business and have money to lend,” said Kimberly Kaselionis, president and ...
Auto industry troubles leave UAW workers and suppliers struggling and ... - Cleveland Plain DealerJoshua Gunter/The Plain Dealer Auto workers and employees of suppliers to the car manufacturers are fearful that their jobs could disappear in the current economic climate in which car sales in the U.S. have declined from 16 million-plus per year ...
Viewer Stories: Housing Market Victims - WSB-TV AtlantaI lost my house a few months ago because I did not have the money for the elevating arms that came when the mortgage went from $1,222.00 to $2,000.00 in three years. I feel that the mortgage was a joke when no one would talk to me at the table before ...
Equity and currency volatility seen fueled by continued concerns - FXStreet.com- (IT) Italian Aug Retail Sales M/M: -0.5% v 0.0%e; Y/Y: - 1.3% v -0.7% - (UK) Bank of England Minutes: Voted 9-0 for 50bps interest rate cut on oct 8th - (EU) Euro-zone Deficit/GDP Ratio: - 0.6% v -0.6%; Government Debt/GDP Ratio: 66.3% v 66.3 ...
Dear 44: Prosperity - Politico.comJohn D. Podesta is president and CEO of the Center for American Progress Action Fund. Our next president is going to take the oath of office in January and then ask himself why on earth anyone thought it was a good idea to run in the first place. He ...
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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