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November 2008 - Weblogs.baltimoresun.comHis Eminence James Francis Cardinal Stafford criticized President-elect Barack Obama as “aggressive, disruptive and apocalyptic,“ and said he campaigned on an “extremist anti-life platform,” Thursday night in Keane Auditorium during his ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd 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 ...
Novi-based Trinity Health finishes bond deal - Detroit Free PressTrinity Health completed a $492-million municipal bond deal late Tuesday that allows it to refinance costlier debt and expand projects at its Michigan and Idaho hospitals. The Novi-based health system is watching the market in hopes of moving ahead ...
Trinity Health bond deal to help expansion - Detroit Free PressTrinity Health completed a $492 million municipal bond deal late Tuesday that allows it to refinance costlier debt and expand hospital projects at its Michigan and Idaho hospitals. The Novi-based health system is watching the market in hopes of ...
U.S. Stocks Post Biggest Post-Election Drop on Economic Concern - BloombergNov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth ...
U.S. Stocks Drop; S&P 500, Dow Post Worst Retreats Since 1937 - BloombergOct. 7 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens. Bank of America Corp ...
Media News - Mediabistro.comThe Los Angeles Times plans to cut 75 jobs, or 10 percent of its news staff, a response to the world financial crisis that is exacerbating already painful advertising declines at U.S. newspapers. The cuts are comparable in scale to some that the ...
US foreclosure filings up 71 percent in 3Q - Buffalo NewsThe number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly 766,000 homes received at least ...
George Voinovich calls Barack Obama a 'socialist' - Cleveland Plain Dealer Blog"He is left of Teddy Kennedy. With all due respect, the man is a socialist." Ohio's senior senator, a Republican, made his comments Thursday to a reporter for The Daily Sentinel in Pomeroy, Ohio. He was visiting the Meigs County Republican Party ...
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