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More grim data set to push Wall St lower - Financial Times
The release of more downbeat economic data and glum corporate developments were to set to push Wall Street stocks lower on Wednesday. Private companies cut 250,000 jobs last month, worse than expected and the most in seven years, according to a ...

Despite slumping real estate market, Madison's newest cohousing ... - Wisconsin State Journal
Amid the toughest real estate market in a generation, a group of self-described amateurs has pulled off something of a miracle: selling all but three units in the 40-unit Arboretum Cohousing project. Long popular in Scandinavia but relatively new in ...

Ford may sell Volvo to bolster cash - The Age
Ford Motor said it may sell its Volvo unit, the company's sole remaining European brand, a day before the second-largest US automaker is scheduled to present a survival plan to US federal lawmakers. The review of options for Volvo was spurred by the ...

Ford Says It May Sell Volvo, Its Last European Brand (Update4) - Bloomberg
Dec. 1 (Bloomberg) -- Ford Motor Co. said it may sell its Volvo unit, the company’s sole remaining European brand, a day before the second-largest U.S. automaker is scheduled to present a survival plan to federal lawmakers. The review of options ...

Players Mentioned in Mitchell Report - FOX News
Roger Clemens Barry Bonds Jose Canseco Jason Giambi Gary Matthews Jr. Andy Pettitte Gary Sheffield Rick Ankiel Troy Glaus Jose Guillen Chuck Knoblauch Mo Vaughn Joran van der Sloot Goes 'On the Record' with New Natalee Holloway Story Police Arrest ...

Hospitals scale back projects - Detroit News
Some of Metro Detroit's largest health systems are having difficulty raising the money needed to refinance costly debt and pay for construction projects under way, a result of the credit crunch that has roiled other industries in the state, including ...

Metro/State business briefs - Detroit News
Moody's Investor Service has downgraded Beaumont Hospitals' outlook from stable to negative due to its weaker financial performance this year, including an anticipated loss on operations of $22 million at the end of 2008. It assigned an A1 rating to ...

Doctor accused of getting Ohio officer steroids - FOX News
CLEVELAND — A doctor accused of supplying professional baseball players with illegal performance-enhancing drugs was indicted Monday in a separate case involving a Cleveland police lieutenant. Dr. Ramon Scruggs, of Santa Ana, Calif., was indicted ...

Equity Based Services, Inc. Thaws Credit Freeze - PR Inside
www.ebscorp.com - Equity Based Services, Inc. Kurt Ambrosius, 619-220-6700 kurta@ebscorp.com Equity Based Services, Inc. ("EBS") announced an equity recapitalization of its AMS IV Self Storage facility in Austin, TX. The property was originally ...

Fitch Downgrades Beaumont Hospital (Michigan) to 'A'; Outlook Revised ... - Earthtimes
CHICAGO - (Business Wire) Fitch Ratings has downgraded to 'A' from 'A+' the rating on Beaumont Hospital Obligated Group's (Beaumont) expected issuance of approximately $169.5 million of series 2008V hospital revenue and refunding bonds through the ...

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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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