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$8M to be borrowed for Clements school, Tanner building - News-Courier
Limestone County schools agreed Tuesday to borrow $8.1 million to help pay for the new Clements elementary school and the special-needs building at Tanner High School. In the process, officials learned that the school system received a sharp rise in ...

Birmingham Mayor Larry Langford Faces Bribery Charges (Update2) - Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...

Alabama consumers catch breaks on mortgages, gas, food amid economic ... - Birmingham News
Amid the gloom, consumers are finally getting some breaks that could be considered holiday gifts - lower rates on home loans, plunging gasoline prices and stabilizing prices for many grocery items. All represent a healthy dose of good news for cash ...

Matthew Upson, sole survivor - Times Online
Matthew Upson, outstanding for club and country in his two most recent games, says he found his form under Fabio Capello and his fitness in the Yellow Pages. Upson, at 29, is playing the best football of a career that brought him a Premier League ...

Hammerson hit on fears of rent defaults by retailers - Times Online
Growing worries about retailers defaulting on their rent payments made Hammerson, the shopping centre developer, one of the top fallers in a rising FTSE 100. Hammerson , part owner of the Bull Ring in Birmingham, is likely to have to refinance some ...

Riley suggests Uncle Sam cosign on Jeffco sewer debt - Birmingham News
Gov. Bob Riley told Birmingham business leaders Tuesday the federal government should provide a financial backstop for Jefferson County's efforts to restructure or refinance its sewer debt. That, he told members of Birmingham Regional Chamber of ...

Mortgage rate drop spurs rush to lenders for refinancing - Detroit Free Press
A sharp plunge in U.S. mortgage rates prompted a rush to refinance, resulting in record-setting business Tuesday at Livonia-based Quicken Loans and big days for other lenders. Following government efforts to unfreeze consumer credit, U.S. mortgage ...

RBS to slash 3,000 banking jobs worldwide - Times Online
Royal Bank of Scotland (RBS), the struggling bank, is preparing to axe up to 3,000 staff across its worldwide workforce as it braces itself against the onslaught of the global recession. Up to 1,000 jobs are expected to be lost in the UK, and today's ...

Jefferson County seeks federal bailout - Birmingham News
WASHINGTON - It's known widely as the $700 billion Wall Street bailout, but Gov. Bob Riley and Jefferson County officials have a broader interpretation of the new economic rescue law: insurer of local government sewer debt. If their request for such ...

The Way I See It - Birmingham Times
The Way I See It by Hollis Wormsby, Jr. The Birmingham Times Originally posted 11/13/2008 If this isn’t a national housing emergency...   What amazes me with the way the federal government is handling the current sub-prime mortgage crisis ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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