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Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...

Transcript: Howard Lutnick - Forbes
Welcome, I'm Steve Forbes. It's a pleasure and privilege to introduce you to our featured guest, Cantor Fitzgerald CEO Howard Lutnick. He'll tell us why October was his company's best month ever. But first...This ongoing financial crisis is driven by ...

Seeking $25 billion in loans, Big Three automakers to send detailed ... - Minneapolis Star Tribune
Governors press for stimulus bill by Inauguration Rep. Lowey not interested in Clinton's Senate seat Autoworker chief pleads for government aid Pelosi: Rangel ethics probe will end by Jan. 3 Dingell hospitalized in Washington WASHINGTON - Detroit's ...

Casella Waste Systems Inc F2Q09 (Qtr End 10/30//08) Earnings Call ... - Seekingalpha.com
Good day and welcome everyone to the Casella Waste Systems second quarter fiscal year 2009 financial results conference call. Today’s conference is being recorded. At this time I’d like to turn the call over to the Vice President Mr. Joe Fusco ...

PRESS DIGEST-Financial Times, Wall St Journal Asia editions - Reuters
SINGAPORE, Dec 2 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy ...

Big Three automakers to submit plans to Congress - Buffalo News
Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General Motors Corp ...

Long Bond Returns Most Since 1995 Amid ‘Bubble’ Talk (Update2) - Bloomberg
Dec. 2 (Bloomberg) -- Thirty-year Treasury bonds are returning the most since 1995 as investors bet the Federal Reserve will buy the securities to help bring down long-term borrowing costs. The so-called long bond has returned 27.8 percent this year ...

Long Bond Returns Most Since 1995 as Rosenberg Sees ‘Bubble’ - Bloomberg
Dec. 2 (Bloomberg) -- Thirty-year Treasury bonds are returning the most since 1995 as investors bet the Federal Reserve will buy the securities to help bring down long-term borrowing costs. The so-called long bond has returned 27.8 percent this year ...

'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

The Henry Paulson eclipse could be the global turning point - Times Online
You may not have noticed it if you get most of your economic information from media headlines, but there were some pretty important events in the world economy last week - certainly more important than the Pre-Budget Report and fatuous arguments ...

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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
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