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State economist says Florida facing more budget troubles - Daytona Beach News-JournalYou haven't seen anything yet. A top state economist said Wednesday that Gov. Charlie Crist and lawmakers could have to plug a $3.5 billion budget hole next year as Florida's housing-driven economy continues to sputter. That budget, which would take ...
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U.S. home foreclosures soar in January - Daily OklahomanTopic 2 face trial on charges of attacking Putnam... Woman killed, man critically hurt in... Devon tower architect draws inspiration from... Dog sex tapes lead to arrests Focus on family keeps Sooner assistants at home OU football notebook: English ...
Foreclosure crisis going to get worse before it gets better - Arlington Heights Daily HeraldGovernment officials and homeowners are hunkering down. If the foreclosure crisis is bad now, the increasing trend of court filings indicates the problem will become much worse, experts say. The storm has been brewing for at least the last five years ...
Frank Raines - SlateMistakes Were Made! Frank Raines--Rhodes scholar, Harvard Law, Lazard Freres, potential future Treasury secretary, etc.--has blotted his copybook at Fannie Mae. (His bio has already ignominiously disappeared from its former spot on Fannie Mae's Web ...

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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.
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