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GE Capital to Raise $10 Billion in Sale of FDIC Notes (Update2) - BloombergJan. 5 (Bloomberg) -- GE Capital Corp. , the lending arm of General Electric Co., plans to raise $10 billion in the biggest offering of debt backed by the Federal Deposit Insurance Corp. The sale includes $2 billion of two-year notes, $5.5 billion of ...
SUMNER SQUEEZE - New York PostNational Amusements, the movie-theater chain that controls Sumner Redstone's interests in Viacom and CBS, faces the difficult task of getting more than 50 institutions to unanimously agree on revised terms to refinance $800 million of the company's ...
Paranoia next on Sir Alex Ferguson's fixture list - Times OnlineThe so-called hairdryer has nothing to do with Sir Alex Ferguson's tendency to bawl out his players from close range and everything to do with the fact that the vast majority of what he spouts is hot air. What else could anyone conclude after his ...
OCEANSIDE: Attorneys disagree on whether Tri-City board broke law - North County TimesOCEANSIDE ---- Lawyers disagreed Tuesday on whether Tri-City Medical Center's board should have given the hospital's top executives notice and a chance to hear the issues before placing them on paid leave last month. An attorney for eight sidelined ...
RE-FINANCE YOUR HOMES RIGHT NOW - New York PostDear John: I'm a longtime reader and you don't get enough credit for your humor. I just visited my bank to see if I could re-finance my mortgage and what the rate would be. I found out it is now 5 percent on a 30-year loan. I am currently paying 6.25 ...
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