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Fed Aid Sets Off a Rush to Refinance - Wall Street JournalThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
Casella Waste Systems Inc F2Q09 (Qtr End 10/30//08) Earnings Call ... - Seekingalpha.comGood day and welcome everyone to the Casella Waste Systems second quarter fiscal year 2009 financial results conference call. Today’s conference is being recorded. At this time I’d like to turn the call over to the Vice President Mr. Joe Fusco ...
Five Stocks With Super Yields - AOL(Dec. 2) - It's hard to resist the lure of a big payout. Here are companies whose dividends look secure. Briggs & Stratton isn't in a sexy business. It's the world's largest maker of air-cooled gasoline engines of the kind that are found in lawn ...
Conn. mortgage program helps fewer than expected - NewsdayHARTFORD, Conn. - Connecticut officials say a program created last year to refinance subprime mortgages for financially troubled homeowners is not helping as many people as expected. The Connecticut Fair Alternative Mortgage Lending Initiative and ...
Insurance shares slump, with Hartford down 29 pct - CNBCCHARLOTTE, N.C. - Shares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity business. Shares ...
The Greening of Hartford - Hartford AdvocateImani Zito: making a hybrid business. Imani and John Zito have created an oasis of green businesses on New Britain Avenue across from Trinity College. Think of it as an urban homestead, where their six home-schooled children play and study and ...
Nappier says pension fund sound - NewsdayHARTFORD, Conn. - Connecticut 's pension fund portfolio has dropped in value with the recent stock market upheaval, but remains well diversified and no pension benefits are at risk, Connecticut's state treasurer said Monday. Speaking to the ...
Viewer Stories: Retirement Prospects Dim - WSB-TV AtlantaI left active duty as a Navy Lieutenant in 1983, got an MBA from UCLA in two years and then worked on Wall Street for 20 years, while actively participating in the Navy Reserves until retirement in 2007. During my peak earning years, I saved and ...
Life Insurers' Next Crisis May Be Annuities, Cmcl RE-Goldman - CNN MoneyNEW YORK -(Dow Jones)- Life insurance companies face increasing losses in commercial real estate and annuities that may force them to raise capital, Goldman Sachs told clients Tuesday in a bearish shift to its coverage of the sector. The sale of ...
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