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A tale of two hearings - International Herald TribuneThe U.S. Congress has an endless capacity to disappoint. A scandal erupts, and it rushes to pass legislation full of unintended consequences. Then, when no one is looking, it strips away regulations the country needs. Ideology too often trumps common ...
NO BROADWAY OPENING - New York PostJARED Kushner did not "strike again" after all - and maybe it's because Harvey Weinstein had a change of heart, too. Kushner, the 27-year-old owner of The New York Observer, failed to close on a deal we reported back on Dec. 11 - the purchase of 700 ...
Hart restructuring debt - National Business ReviewGraeme Hart, New Zealand's richest man, is looking to refinance US$1.6 billion (NZ$2.82 billion) of debt maturing in February. The Australian Financial Review reported Mr Hart's Rank Group is offering existing lenders an upfront fee and increased ...
Vail hotel developer files Chapter 11 - Rocky Mountain NewsThe owner of a new luxury resort in the heart of Vail said the financial crisis forced his debt-laden business to file for Chapter 11 bankruptcy protection. Waldir Prado, developer of the Vail Plaza Hotel & Club, said he was unable to refinance his ...
Ward contractor sues General Growth for $16M - Honolulu Star-BulletinGeneral Growth Properties Inc., which said it is on the verge of bankruptcy, was slapped with a nearly $16 million lien by the contractor of its Ward Village Shops in Kakaako. The lien filed yesterday in state Circuit Court by Albert C. Kobayashi Inc ...
High number of foreclosures has WVC seeking federal funds - Salt Lake TribuneWest Valley City is one of several local entities seeking a chunk of $19.6 million in federal funding to help with foreclosed homes in Utah. City officials and housing advocates pleaded Wednesday for a share of the Neighborhood Stabilization Program ...
Election 2008: Hillary Clinton in the news - NewsdayAbout 1,000 union and political activists whooped and shouted their way through a late afternoon rally Wednesday in Eisenhower Park, less than two miles from the site of the presidential debate. Whether you're a follower or an iconoclast, there's a ...
Interest-rate sensitive stocks - The AustralianSO much for slaying the inflation dragon: yesterday's stunning rates cut of 100 basis points shows the Reserve Bank is more concerned about saving everyone's shirt - and hopefully a few jobs - by freeing up credit. While credit markets had factored ...
Economist’s statement on John McCain’s jobs for America Economic ... - Canada Free PressARLINGTON, 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 ...
Dow Jones charge fails to push ASX higher - The AustralianTHE Australian share market yesterday gave up earlier gains to close 1.1 per cent lower as resources and bank stocks fell. The domestic market opened 3 per cent higher boosted by a firmer Wall Street, which closed 4.68 per cent up, at 8979.26, after ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms