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Regional Roundup for 11/19 - Dallas Morning News
The city might scale back plans to refinance $164 million worth of Dallas Cowboys stadium bonds after not finding buyers at a reasonable rate. Arlington could have more success if it refinanced $110 million of that through bonds that mature within ...

Crown asks Hampshire for bond help - Courier News
HAMPSHIRE -- With only one of what is hoped to become 2,820 homes sold, Crown Community Development has asked the village essentially to refinance $10 million of the money it and its future home buyers have borrowed to pay for roads and utilities in ...

Tea Fire Takes Conejo Road Residents by Surprise - Santa Barbara Independent
del.icio.us. UPDATE: ON Monday morning, November 17, Montecito Fire Department Chief Kevin Wallace clarified the situation regarding the Sycamore Canyon Road gate. The fire was first reported at 5:45 p.m. Fire Marshall Jim Langhorn arrived at and ...

Homebuilder, REIT shares tumble as recession spreads - MSN MoneyCentral
General Growth Properties Inc ( GGP ) Stock Quote , Chart , News , Add to Watchlist NEW YORK (Reuters) - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns ...

Directed Exiting Satellite Radio Market - Twice
VISTA, CALIF. — Directed Electronics said it will exit the satellite radio market, citing softening sales of aftermarket satellite radio products. Directed will stop acting as Sirius' exclusive retail distributor on Jan. 31, 2009, the company said ...

Obama urges help for homeowners, auto industry - Reuters
WASHINGTON, Nov 15 (Reuters) - President-elect Barack Obama said struggling U.S. automakers need a government rescue, but help should be conditioned upon changes in the industry, according to excerpts from a TV interview to air on Sunday. He also ...

UPDATE 1-Homebuilder, REIT shares tumble as recession spreads - Reuters
NEW YORK, Nov 19 (Reuters) - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential. The ...

Economic woes hit area hospitals - Bend Bulletin
We welcome comments from subscribers (E-Edition or print). Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by The Bulletin or bendbulletin.com. The Bulletin and bendbulletin.com reserve the right to ...

Georgia Gulf Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good afternoon. My name is Denise and I will be your conference operator today. At this time, I would like to welcome everyone to the Georgia Gulf third quarter financial results conference call. All lines have been placed on mute to prevent any ...

Street of risk and loss - San Diego Union-Tribune
It produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...

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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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