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BofA could move jobs to Charlotte - Atlanta Business Chronicle
Bank of America will likely relocate 650 jobs from the bank’s namesake skyscraper in Midtown Atlanta to Charlotte, N.C., unless the building gets a major renovation. BentleyForbes Group , owner of Bank of America Plaza, and attorneys representing ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. An increasing number of experts say the U.S. Treasury has taken just the right number of steps to end the financial crisis, and good things ...

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

MEDIA IN A MUDDLE - New York Post
Ongoing fallout from the credit crisis could mean tough times ahead for media companies carrying heavy debt loads. Trouble in the credit markets is sparking fresh concerns that highly leveraged players in radio, TV and other advertising-dependent ...

Jeremy Warner: Oligarchs, Mandelson and Osborne - The Independent
Brown seizes his chance over yachtgate Brown calls for probe into Osborne oligarch talks Exclusive: Osborne fights for political life Osborne, the oligarch and a yacht in Corfu Tebbit 'flea' warning to Osborne Harold Elletson: George Osborne steps ...

Dallas area feeling pain of ailing economy - Dallas Morning News
The credit crisis has hit Texas. T. Boone Pickens is having trouble financing the world's largest wind farm in West Texas. Jerry Jones may need a quick loan to keep the new Cowboys stadium on track. Retail stores are closing all over town; some are ...

Rogers: Senate improved bailout bill - Commonwealth Journal
Somerset — The last time around, Somerset’s own Congressman Harold “Hal” Rogers was one of only two Kentuckians in the U.S. House of Representatives to support the $700 billion bailout of the nation’s troubled financial industry, which fell ...

Hulen Mall management company could seek bankruptcy protection - Fort Worth Business Press
Shopping mall management company General Growth Properties Inc., which operates properties in Arlington and Fort Worth, said the weak credit market and overall economic slowdown may prompt it to search for the cash necessary to stay afloat in a ...

TIF plan, financing package approved - Norman Transcript
Norman city councilmembers split their vote 8-1 on the fourth development agreement on the University North Park Tax Increment Financing District at their regular meeting Tuesday. And they approved by the same 8-1 vote a $29.1 million financing ...

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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.

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