Park City Mortgage Refinance and Information Online from competing Lenders

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Water park in idea phase - Leaf Chronicle
I've committed to providing a nice water park with nice amenities to it," Piper said Friday. "It's not something I intend on doing in a small way." The City Council approved the idea of the water park — and spending of about $32 million on the ...

Mall owner struggles to regain solvency - Bartlesville Examiner-Enterprise
General Growth Properties Inc., which owns Washington Park Mall in Bartlesville, may be forced to file bankruptcy if it is unable to extend or refinance its nearly $1 billion in debt due in December. Steadily declining this year, its stock market ...

Fitch Rates Chicago Park District, Illinois' $167MM GOs 'AA+' - PR Inside
--$35 million general obligation (GO) unlimited tax park bonds, series 2008E (special recreation activity alternate revenue source); --$20 million GO limited tax park bonds, series 2008F; --Approximately $40 million GO limited tax refunding bonds ...

Intrawest announces layoffs but no specifics - Rocky Mountain News
Canadian resort operator Intrawest announced job cuts but declined to be specific about how the layoffs would affect its employees at three Colorado ski resorts. The Vancouver, British Columbia-based company issued this statement this afternoon ...

Preserving Homeownership - Voiceof San Diego
Mayor Jerry Sanders formally announced the city's plan to spend $9.4 million in HUD grants at a press conference earlier this afternoon. Housing Commission officials are slated to present the plan this afternoon in the City Council meeting. Along ...

Bumpy start to ski season as layoffs hit Colorado resorts - Rocky Mountain News
Blaming a tough economic climate, resort operator Intrawest Corp. announced companywide job cuts that affect managers and other employees at some of its Colorado ski areas. The layoffs come as winter resorts across the state brace for one of their ...

In Brief - Vancouver Sun
EAST RUTHERFORD, N.J. - Cleveland's LeBron James became the youngest player to score 11,000 career NBA points in Tuesday's game against the New Jersey Nets. The Cavaliers forward needed 13 points to succeed Kobe Bryant as the youngest player to reach ...

Business Briefs - KPNews.com
million American-British investment. U.S. senator concerned over investment threat; Automakers say they need taxpayer bailouts; EBRD loans money to Ukraine’s state railway; Insurer postpones its plans for expansion; Automaker freezes plans for new ...

Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal Sentinel
Nov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...

Miller Electric to eliminate 95 jobs - Milwaukee Journal Sentinel
Nov. 19, 2008 | Appleton-based Miller Electric Mfg. Co. said today it will eliminate 95 jobs, or about 6% of its 1,500-person work force in response to the national economic situation and the slowing demand for Miller's commercial and industrial ...

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.

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