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November 2008 - Weblogs.baltimoresun.comWhenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...
Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal SentinelNov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...
Miller Electric to eliminate 95 jobs - Milwaukee Journal SentinelNov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...
Water Tower Place - Chicago TribuneAmerican Girl Place has been part of Chicago's retail landscape for 10 years. So what explains its enduring appeal, even in these iffy economic times? It's the experience, silly! (Addy, Kit and the rest of the Girls would never call anyone stupid ...
Altria Group buying UST for about $10.3B - Philadelphia InquirerNEW YORK - After failing to grab much consumer attention for its own smokeless tobacco products, Altria Group said Monday it would buy the maker of Skoal and Copenhagen for about $10.3 billion. Altria's acquisition of UST will give it a strong ...
General Growth puts malls on the block Three Strip properties for sale ... - Las Vegas Review JournalGeneral Growth Properties is the second-largest real estate investment trust in the country, with more than 200 properties in 44 states. Mall giant General Growth Properties will try to use three malls on the Strip to escape the looming shadow of ...
The Butterfly is Released! - Safe HavenI am releasing the balance of the Butterfly Effect (see The Asset Securitization Crisis Part 27: The Butterfly Effect ) to the public in anticipation of the next two installments of the Asset Securitization Crisis to be published to subscribers ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms