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PPL plans to refinance $150M bond issue - Daily ItemWASHINGTONVILLE -- Air pollution control equipment at the Montour Generating Station is among projects that would be refinanced by a $150 million bond issue. PPL is seeking approval for refinancing of the bonds at a lesser interest rate. The interest ...
Salvation Army Bell Ringer Gets Diamond Ring Donation - FOX NewsHARRISBURG, Pa. — A volunteer ringing the bell at a Salvation Army kettle in south-central Pennsylvania got an unusual donation: a diamond ring. The ring was handed to August Memmi, a Dauphin County employee who was volunteering for the Salvation ...
Credit crisis hits Harrisburg incinerator - Times-LeaderHARRISBURG — City officials may have to order another round of steep trash fee increases on property owners, because the worldwide credit crunch has stymied a plan to refinance some of the debt tied to the city’s incinerator. Mayor Stephen R ...
Banking Department Invites Struggling Homeowners to Foreclosure ... - Newsblaze.comHARRISBURG, Pa., Oct. 15 /PRNewswire-USNewswire/ --Southwestern Pennsylvania homeowners caught in the mortgage foreclosure crisis can get free help on Oct. 17 and 18, Secretary of Banking Steve Kaplan said today. The "Work It Out Foreclosure ...
Poconos mortgage suit set for February - Allentown Morning CallA federal lawsuit filed six years ago alleging that more than 100 home buyers were defrauded by JP Morgan Chase Bank and a Poconos builder will finally go to trial in February. U.S. District Judge Christopher C. Conner on Friday set a Feb. 2, 2009 ...
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 ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
View all Terms