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Employee robbed at Citgo on northwest side - Milwaukee Journal SentinelThe man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...
Car fire on 94 at 121st - Milwaukee Journal SentinelNov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...
Local mall operator says it's at risk for default - Boston GlobeThe mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...
JPMorgan will modify troubled WaMu home loans - Seattle TimesHomeowners having trouble paying a Washington Mutual mortgage are invited to a free foreclosure-prevention event from 9 a.m. to 6 p.m. Nov. 8. A WaMu loss-mitigation expert will meet with loan holders individually. A certified foreclosure-prevention ...
Convergys, General Growth, Google, Suntech: U.S. Equity Movers - BloombergNov. 10 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and prices are as of 2:10 p.m. in New York. Commodity shares gained after China, the biggest contributor to world ...
East-West Meets Tough Mortgage Market - Worcester Business JournalThe catchy 1-800-East West jingle that’s familiar to anyone who even only occasionally listens to a minute of radio is much more than that. In fact, the Marlborough-based company, which is a wholly-owned subsidiary of Worcester-based Commerce Bank ...
Air Wisconsin sees drop in traffic for October - Milwaukee Journal SentinelNov. 13, 2008 | Appleton-based Air Wisconsin Airlines Corp.'s October traffic dropped 6.8% compared with October 2007, the privately held company reported today. Air Wisconsin, which operates as US Airways Express, also said its revenue passenger ...
Chief Flynn says MPD vote fraud unit on the job - Milwaukee Journal SentinelThe chief's comments on WTMJ-AM (620) came this morning in response to an article in The Wall Street Journal. Columnist John Fund wrote that the five-member special investigations unit would not be allowed to visit polling sites. He also wrote that a ...
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