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FTI Consulting Identifies Key Drivers Affecting Corporate Borrowers ... - PR NewswireBALTIMORE, Jan. 31 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN) , the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has identified several key drivers that it expects will ...
Wachovia Names David Pope President for Mortgage and Retail Credit ... - PR NewswireCHARLOTTE, N.C., Jan. 24 /PRNewswire-FirstCall/ -- Wachovia Corporation announced today that David Pope has been named president of Wachovia Mortgage and Retail Credit. In his new role, Pope will be responsible for leading the daily sales ...
Brittle Italy - Sunday HeraldITALIAN PRESIDENT Giorgio Napolitano yesterday rejected the resignation of the prime minister, Romano Prodi, and invited him to return to parliament to test the cohesion of his centre-left coalition, which had melted away embarrassingly in the middle ...

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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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