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Foreclosure: Nevadans hit hard in national crisis - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Sponsored by: - Reno GazetteAs of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
U.S. mortgage applications fall 16.6 pct - ReutersNEW YORK, Oct 22 (Reuters) - Demand for applications to buy homes and refinance mortgages sank 16.6 percent last week, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers ...
Facing foreclosure, some just walk away - Delaware OnlineIn the spring of 2006, when the paralegal's parents retired and decided to move to Delaware to be closer to their grandchildren, buying a bigger home for the entire family seemed like a sensible thing to do. The collapse of the housing market ruined ...
UPDATE 1-General Growth shares plunge on default concerns - ForbesNEW YORK, Nov 11 (Reuters) - Shares of General Growth Properties Inc (nyse: GGP - news - people ) plunged 71 percent, on Tuesday after the second-largest U.S. mall owner expressed doubts that it could continue operating due to its looming near-term ...
Young Russian boys find new family in America - Daytona Beach News-JournalORMOND BEACH -- Two backpack-toting brothers strolled up the driveway kicking pine cones on their way home from the bus stop after a day at Ormond Beach Middle School. Seventh-grader Sasha and eighth-grader Dimitry were greeted by their dad, Richard ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Vonage Holdings Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.comVonage Holdings Corporation (VG) Q3 2008 Earnings Call November 6, 2008 10:00 am ET Executives Marc Lefar - Chief Executive Officer John Rego - Chief Financial Officer Leslie Arena - Vice President of Investor Relations Analysts Clay Moran - Stanford ...
Care Investment Trust Q3 2008 Earnings Call Transcript - Seekingalpha.comCare Investment Trust Inc. (CRE) Q3 2008 Earnings Call November 14, 2008 11:00 am ET Executives Leslie Loyet - Financial Relations Board Scott Kellman - President, Chief Executive Officer Frank Plenskofski - Chief Financial Officer, Treasurer Mike ...
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