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Sheriff's sale set for 10 of investor's holdings - Pittsburgh Tribune Review
A Pittsburgh-based investor faces the loss of 10 properties -- most housing rental apartments -- in the city and nearby communities at a Dec. 1 Allegheny County sheriff's sale. R.A.E.D. Investments Inc. of Pittsburgh and Davin Investments Inc. are in ...

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 ...

Argentina plans two bond issues to refinance debt - Reuters
BUENOS AIRES, Sept 22 (Reuters) - Argentina is planning to issue two bonds, one in pesos and another in dollars, to refinance debt that comes due between this year and 2011, a government source told Reuters on Monday. The source did not say how large ...

Most U.K. Stocks Climb, Led by Xstrata, Tullow Oil; HSBC Drops - Bloomberg
Oct. 21 (Bloomberg) -- Most U.K. stocks rose, led by commodity producers after Xstrata Plc said its finances were ``robust'' and Tullow Oil Plc reported ``success'' at a Uganda exploration well. Xstrata, the world's fourth-largest copper producer ...

Warsaw School Board okays bonds to replace roof - Daily Gate City
WARSAW, Ill. - The Warsaw School District can move forward to replace the roof on its 1957 building with the school board's approval Thursday of issuing general obligation bonds. The district is borrowing $370,000 in new money for the life/safety ...

Economist’s statement on John McCain’s jobs for America Economic ... - Canada Free Press
ARLINGTON, VA – U.S. Senator John McCain’s presidential campaign today released a statement signed by over 300 professional economists in support of John McCain’s Jobs for America economic plan. The list includes Nobel Prize winners, business ...

Powder at Social Security office was food substance - Pantagraph
Seventeen employees and about 10 clients were evacuated about 2:30 p.m. from the building at 207 N. Williamsburg Drive. Bloomington firefighters, including their hazardous-materials response team, police, the FBI and the Department of Homeland ...

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 ...

Subprime Lending Hurts Homeowners - Social Funds
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...

'Joe the Plumber' says he has no plumbing license - Jefferson City News Tribune Online
HOLLAND, Ohio - Joe the Plumber said Thursday he doesn't have a license and doesn't need one. Joe Wurzelbacher, better known as Joe the Plumber, the nickname Republican John McCain bestowed on him during Wednesday's presidential debate, said he works ...

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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.

    View all Terms
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