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Bailing out homeowners - Romesentinel.com
After bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time. After all, it was failing mortgages that fueled this fall ...

Stakes raised for Air France and Alitalia - Financial Times
Karl Marx once wrote that history repeats itself first as tragedy, the second time as farce. Arguably a farce is exactly what is being played out as airlines in France and Italy face the latest aviation crisis. No one should forget that on the day ...

BHP risks losing balance on regulatory tightrope - Financial Times
The European Commission’s objections to BHP Billiton ’s $80bn hostile bid for Anglo-Australian mining rival Rio Tinto will spill into the public domain this month with the regulator tipped to demand the sale of iron ore assets as a prerequisite ...

November 2008 - Weblogs.baltimoresun.com
Whenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Time's up for the reign of Russia's oligarchs - Globe and Mail
ROME -- There's a saying among Moscow's jaded old market watchers that the oligarchs don't really own Russia's industries; they're merely their Kremlin-appointed caretakers. The events of the past few weeks suggest the theory is more than a little ...

Crrrunch! Is Your Favorite Company About to Go Bust? - Time
For hundreds of U.S. companies, the federal bailout may be too little, too late. Bankers, lawyers and credit analysts say the government's plan to invest billions into the nation's banks is doing little to ease the credit crunch for U.S. businesses ...

Why Does College Cost So Much, and Is It Worth It? - FOX News
"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...

Site Presented By - Salon
Since one of the primary purposes of How the World Works is to serve as a vehicle for expeditiously passing on to readers every new iota of knowledge that accretes to my brain, no matter how trivial, I feel compelled to share the news that I learned ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

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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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