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Mortgage application volume falls 6.2 pct - Newsweek
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2008 (2665) - Dakota Voice
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"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

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InAugust 2007, Landry’s Restaurants opened the Boardwalk Bullet, a wooden roller coaster in Kemah. Investors have been getting wounded ever since. The new ride served as an omen to Landry’s investors, coming the same month that Landry’s settled ...

Housebuilders miss Footsie rally - Financial Times
Housebuilders were sidelined on Thursday as London’s large-caps rallied for the first day in three. Taylor Wimpey sank 15.7 per cent to 10¾p after Merrill Lynch voiced doubts about the group’s ability to refinance its £1.7bn net debt. “The ...

We're fine, says Moscow, as trading stops and starts - Guardian Unlimited
With Moscow's stock markets plunging into their worst trading since Russia's 1998 economic and political collapse - values are down some two-thirds from May's oil-fuelled all-time highs, virtually halving over the past 10 trading days - Russians want ...

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

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