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Vonage signs definitive deal on debt refinancing - BusinessWeekInternet telephone service Vonage Holdings Corp. on Monday said it had signed a definitive deal with hedge fund Silver Point Finance LLC and other lenders to refinance its convertible debt with new credit facilities and debt worth $220.3 million. The ...
Some hedge funds argue against proposals to modify U.S. mortgages - International Herald TribuneWashington is pushing measures to help hard-pressed homeowners, but some Wall Street investors are pushing back. Hedge funds are fighting proposals to ease the terms of home mortgages, arguing that such a move would hurt their investments. Two funds ...
Avon Jittery As It Prepares To Refinance Debt - Hartford CourantPHILIP SCHENCK, the Avon town manager, and Blythe Robinson, the assistant town manager, stand in front of the town hall complex. Avon on Tuesday hopes to sell $25.8 million in short-term notes in order to retire existing debt. But upheaval in the ...
U.S. Homebuilder Confidence Index Fell to Record Low in October - BloombergOct. 16 (Bloomberg) -- Confidence among U.S. homebuilders slid in October to the lowest level since record-keeping began in 1985, a sign the crisis in credit markets may deepen the worst housing recession in a generation. The National Association of ...
Still waiting on Main Street - Boston GlobeTHE US Treasury Department needs to take the same kind of aggressive steps to ease financial strains on homeowners that it took to guarantee the investments of banks and financial institutions. The economy can't turn around until the housing market ...
Rescue plan hindered by politics - International Herald TribunePlans. Have I ever been inundated with plans. Deluged with them, actually. Two weeks ago in this space, I trumpeted Daniel Alpert's Freedom Recovery Plan to help struggling U.S. homeowners stay in their homes. He had no personal stake in stemming the ...
Rising Treasury Yields Worrying Investors and Homeowners - CNBCHere are some of the more notorious prostitution scandals that have made their way into the headlines over the years. [ US.10 Loading... ( ) ] passed 5% Thursday, rising as high as 5.10% in early afternoon trading in New York, its ...
PEACOCK PARTY - New York PostTHE Peacock network is looking for space so it can expand its wings. Our media spies say NBC is seeking 300,000 feet of "incremental" space to add to its current office digs, which include its headquarters at 30 Rockefeller Plaza. You might recall ...
U.S. Home Resales Probably Increased on Foreclosures (Correct) - BloombergOct. 24 (Bloomberg) -- Home resales in the U.S. probably rose in September, aided by foreclosure-driven declines in prices that made properties more affordable , economists said before a report today. Purchases of existing homes rose 0.8 percent last ...
McCain: No there there for Obama - Boston GlobeIn his first post-debate appearance, John McCain promoted his plan to have the federal government directly buy mortgages and refinance them at lower interest rates to help beleaguered homeowners. "We need to act quickly and decisively," he told ...
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