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City stays with Main Street - Hawk Eye
When it comes to supporting Main Street Iowa, Burlington City Council members believe in the old adage, "If it's not broke, don't fix it." During regular session Monday, the council approved a resolution in support of the program with more than two ...

EnGlobe Corp. Announces Third Quarter Results, New Developments in ... - CNW Group
BURLINGTON, ON, Nov. 14 /CNW/ - EnGlobe Corp. ("EnGlobe" or the "Corporation") (TSX: EG), a leading international integrated environmental services company, today announced its financial results for the third quarter ended September 30, 2008, new ...

Fitch U.S. Retail Outlook: Navigating a Difficult Path for Holiday and ... - CNBC
NEW YORK, Nov 19, 2008 (BUSINESS WIRE) -- Fitch Ratings expects that the 2008 holiday season will be extremely challenging for retailers and could be the weakest season over the past two decades. Real retail sales turned negative in the back to ...

Business Digest - Providence Journal
Boston-based Fidelity Investments, one of the biggest employers in Rhode Island with more than 2,400 workers in Smithfield, confirmed yesterday that it will eliminate about 1,700 jobs in the first three months of next year, adding to previously ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Sanders asks Paulson to block bonuses - Boston Globe
BURLINGTON, Vt.— Vermont's junior senator is asking Treasury Secretary Henry Paulson to block bonuses for executives at the nation's nine largest banks that were recently propped up with taxpayer funds. Sen. Bernie Sanders has written to Paulson ...

VEDA approves $56 million in financing - Burlington Free Press
The Vermont Economic Development Authority announced Thursday it has approved $55.5 million in financing to support development projects at local companies. Jo Bradley, the authority's CEO, said the financing efforts "will strengthen businesses ...

Suicides from financial crisis cause concern - Burlington Free Press
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 ...

Huck's posts 3Q profit - Hawk Eye
After seeing red for the first two quarters of the year, the city of Burlington netted $30,748 in profit on its $1.8 million investment in Huck's Harbor. The water park located at Burlington entrepreneur Randy Winegard's FunCity entertainment complex ...

Councilman opposes logging - Hawk Eye
It's a move that will earn the city of Burlington a profit and help to reinvigorate the ecology of Otter Island, according to a forestry expert hired by the city. However, not all members of the Burlington City Council are on board with a plan to ...

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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