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Bernanke: more action needed to cut foreclosures - Oakland Press
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country’s deep economic troubles. Although a flurry of actions have been ...

Efforts under way to bring help to foreclosure victims - Oakland Press
LANSING — With home foreclosures at an all-time high, and experts saying Michigan is in the worst economic crisis since the Great Depression, some people are taking action to help others get through the tough times. For example, Genesee County ...

More Business - San Francisco Gate
The Chicago gym operator, which has several facilities in the Bay Area, will use cash reserves to continue operating. Bally, which again filed in the U.S. Bankruptcy Court for the Southern District of New York, plans to sell itself or reorganize ...

Real estate a tough sell in troubled economy - San Francisco Gate
Tuesday, December 2, 2008 The most glaring and frightening example for many in the industry was the recent revelation that Alexandria Real Estate Equities Inc. will not move forward with two biotechnology buildings at San Francisco's Mission Bay ...

Columbia Association board members split on downtown development plan - Howard County Times
Howard County Council members are not the only ones who will have to approve General Growth Properties’ plan to redevelop downtown Columbia in the coming months. Because it owns several parcels of land in downtown, including Symphony Woods, the ...

Homeowners say no help from lenders - Contra Costa Times
DAWN AGUIAR sits outside her Fremont home Thursday. She says she tried to work on her mortgage problem, but the lender talked down to me like I was a deadbeat. ( AHBECK/STAFF) Numerous homeowners who have beseeched lenders for help with restructuring ...

Pilot's life is hijacked by early-onset Alzheimer's disease - Pittsburgh Post-Gazette
Alan Romatowski, 57, has been diagnosed with early-onset Alzheimer's disease. His home is set in a wooded area of Middlesex, Butler County. Alan Romatowski sits in the tasteful suburban living room of his older neighbors listening to Georgia Molloy ...

Faces Of Foreclosure - San Francisco Gate
His toddler's shoes, festooned with greenery and bells, stood atop the neat pile. It was the only sign of holiday cheer in the Vallejo home, where most of the family's possessions are already packed up. They must vacate by the end of the year under ...

Panthers top Raiders 17-6 in mistake-filled game - FOX News
OAKLAND, Calif. — It's been more than three decades since a quarterback played a game as poorly as Jake Delhomme did and still ended up on the winning side. That's what facing a team as bad as the Oakland Raiders will do. Delhomme threw a touchdown ...

Register for FREE - Wall Street Journal
Last month, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans. "If you don't try, you can't win," says Mr. Brown, a 26-year-old marketing consultant. He's sitting ...

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.

    View all Terms
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