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Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.com
Russia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...

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 ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Racetrack firm redeals its debt - Lexington Herald-Leader
Magna Entertainment Corp., the company that owns the host track for next weekend's Breeders' Cup championship races, announced late Wednesday that it again has renegotiated about $250 million in loans. But the company said it will not be able to sell ...

Surviving - and thriving - Boston Globe
There are two predictions that no businessperson in Boston is ready to make: how bad this recession is going to get, and how long it will last. "I'm afraid it's gonna be longer than six or 12 months," says Michael Bonney, chief executive of Cubist ...

Massachusetts Leads States, Cities Looking to Revive Debt Sales - Bloomberg
Oct. 6 (Bloomberg) -- Massachusetts plans to sell $750 million in short-term notes this week, leading state and local governments seeking to revive debt sales after financial turmoil inhibited their ability to borrow since mid-September ...

Obama draws Mile High crowds - Rocky Mountain News
stella writes: I saw the pictures. From the competition's reporter: "Denver police estimated the crowd at more than 100,000. Civic Center park holds 34,000, and there were several thousand more in the streets surrounding the park and on the steps of ...

CCISD seeks funds to consolidate, renovate - Corpus Christi Caller
CORPUS CHRISTI — A Corpus Christi Independent School District $140 million bond issue would bring four new elementary campuses and $43 million in improvements to campuses. The bond also would help fund construction of a Career and Technology high ...

Austral Pacific Announces Interim Results - Oilvoice.com
A one-off $3.3 million write-off has seen listed exploration company Austral Pacific post a $2.93m before tax loss in its third quarter. Austral Pacific yesterday filed its Q3 interim accounts. Austral Pacific chief executive officer Thompson Jewell ...

Police say teens planned to rob Water St. club patrons - Milwaukee Journal Sentinel
Oct. 31, 2008 | Police arrested six teenagers, including a 13-year-old armed with a pistol, who police say were conspiring to rob patrons outside a downtown nightclub shortly after midnight. Milwaukee Police Sgt. Mark Stanmeyer said a security guard ...

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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.

    View all Terms
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