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John S.W. MacDonald - New York Observer
A new Health Department website tracks the spread of rats throughout the city. [NYDN] According to the Health Department’s Rat Information Portal, Williamsburg and Greenpoint have more rats than south and central Brooklyn, while Bushwick and Bed ...

Officials: Financial crisis can lead to violence - FOX News
An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years. In ...

Buying or refinancing a house in the pricey Bay Area? - San Francisco Gate
Boo! Revelers celebrate the spookiest of holidays 11.01.08 Method for AP-Yahoo poll 11.01.08 Stocks rise to add to week's large gains 11.01.08 800 Longs employees to be let go in East Bay 11.01.08 Besides its core purpose of providing tax refunds ...

Citigroup, Credit Suisse Link Loans to Swaps in Shift (Update3) - Bloomberg
Oct. 29 (Bloomberg) -- Citigroup Inc. and Credit Suisse Group AG are among banks tying corporate loan rates to credit- default swaps, raising borrowing costs and exposing companies to derivatives accused of crippling the financial system. Nestle SA ...

Amgen, Like Pfizer, Targets Biotechs With Ready Cash (Update3) - Bloomberg
Nov. 4 (Bloomberg) -- Amgen Inc. , with more cash than all but two U.S. pharmaceutical industry rivals, is seeking to snatch up distressed biotechnology companies at bargain prices. Amgen sees ``attractive opportunities'' in the ``challenging ...

As economy sinks, officials fear violent solutions - CNN
Worries mount after a string of financially related violent incidents across U.S. Texas psychologist says current crisis breeding a sense of chronic anxiety Next Article in U.S. » (AP) -- An out-of-work money manager in California loses a fortune ...

Financial stress sparks a rise in depression, violence - Houston Chronicle
More and more Washington-area residents, police say, are torching their cars hoping for a quick insurance check. A Baltimore police officer did it. So did a Baltimore firefighter. A Prince William County, Va., resident burned a minivan for a friend ...

US foreclosure crisis reaches new high - Indian Express
90-year old Addie Polk is believed to have shot herself in this house in Akron, Ohio, rather than face eviction on foreclosure. (AP) Related Stories: Dexia agrees sale of US unit after huge loss GM bankruptcy filing would be a total mess: Ross US ...

Letters to the editor - Nov. 12 - Akron Beacon Journal
Blogs: Akron Law Café: A Proposed First Amendment Challenge to Proposition 8 Car Chase: What got you into old cars? The Heldenfiles: "Amazing Race": Battle of the Network Goofballs Patrick McManamon: Who has really hurt the Browns … and ...

Financial stress leading to violence - Knoxville News Sentinel
An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years. In ...

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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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