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Shaq's return lifts balanced Suns over Wolves - FOX News
MINNEAPOLIS — The Phoenix Suns found the answer for their peculiar struggles in Minnesota: Shaq. Shaquille O'Neal had 18 points, 10 rebounds and three blocks to help the balanced Phoenix Suns to a 110-102 victory over the Timberwolves on Wednesday ...

Horford, Hawks hold off Bucks, 102-96 - FOX News
ATLANTA — Al Horford scored 21 points and converted a key three-point play to protect a late lead, leading the Atlanta Hawks to a 102-96 victory over the Milwaukee Bucks on Wednesday night. Atlanta led by only two points when Horford's three-point ...

November 2008 - Palm Beach Interactive
Gov. Charlie Crist wants to have a temporary foreclosure freeze in place by next week, he said this morning. Crist said he is meeting with bankers to try to come up with a deal without having lawmakers involved that would stall foreclosure ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

U.S. Treasury rejects Jefferson County's bailout proposal - Birmingham News
The U.S. Treasury has refused to back a large portion of Jefferson County's sewer debt with a federal guarantee, Gov. Bob Riley said Tuesday, closing off one of the county's options for avoiding bankruptcy. Also Tuesday, county commissioners voted 3 ...

Riley suggests Uncle Sam cosign on Jeffco sewer debt - Birmingham News
Gov. Bob Riley told Birmingham business leaders Tuesday the federal government should provide a financial backstop for Jefferson County's efforts to restructure or refinance its sewer debt. That, he told members of Birmingham Regional Chamber of ...

Sunday: Highlights from today's Birmingham News - Everything Alabama Blog
Jefferson County Commission and Gov. Bob Riley are hoping the $700 billion bailout could help the county refinance $2.7 billion of its sewer debt on more affordable terms, avoiding bankruptcy. Both presidential candidates pledge strong support of ...

Again, it's the Constitution: Another example to ponder - Anniston Star
Consider the mess Jefferson County is in. Put simply — if that's possible — years ago Jefferson County was sued for its failure to meet federal clean-water standards. So Jefferson County embarked on a massive sewer-system improvement undertaking ...

Begging for Bailout Cash, U.S Cities Told to Go Fish: Joe Mysak - Bloomberg
Nov. 18 (Bloomberg) -- You can't blame U.S. cities for eyeing the federal government's open vault and asking for a bailout, too. Atlanta, Detroit, Philadelphia and Phoenix have all asked in recent days for some of the Troubled Asset Relief Program ...

Owner's financial trouble won't affect Columbia Mall, Capital Mall - Columbia Missourian
COLUMBIA — The Columbia Mall and the Capital Mall in Jefferson City will remain unscathed by the financial trouble of the malls' Chicago-based parent company, a company spokesman said. The malls' owner, General Growth Properties, said this week it ...

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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.

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