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Michigan tries to slow foreclosures - Detroit News
LANSING -- Scrambling to do something about Michigan's rampant home foreclosure problem before the holidays, Gov. Jennifer Granholm and lawmakers are working on a flurry of bills to ease the squeeze on cash-strapped homeowners. Various measures would ...

Game over?: English football at bursting point - The Independent
Amid a frenzy of borrowing to pay the wages of international superstars– and build extravagant new stadiums – the most treasured clubs in the Premier League have been sold off to foreign investors. But as times get hard, English football could be ...

Water Tower Place - Chicago Tribune
You can't walk five steps in Chicagoland without bumping into a holiday model train display this year. Morton Arboretum has one. So does Chicago Botanic Garden. And the John Hancock Center. And the Lincoln Park Conservatory. And the Museum of ...

Golden Ocean aims to reduce vessel building plan - Guardian Unlimited
* Seeks to change 30-vessel shipbuilding programme * Q3 profit better than expected $64.3 million * Says will not pay a Q3 dividend OSLO, Dec 1 (Reuters) - Bulk shipping company Golden Ocean posted a bigger than expected rise in its underlying third ...

Lender ordered to pay couple $84K - Maryland Daily Record
A Baltimore County jury has awarded $84,001 to a couple after they were charged additional, undocumented fees on their mortgage by a lender who also hindered their ability to sell their home. Vincent S. Serio was ordered to pay damages to John and ...

Indian bond yields seen higher on steady policy - Reuters India
MUMBAI, Dec 1 (Reuters) - Indian federal bond yields may rise from three-year lows on Monday on market disappointment after the central bank did not ease policy over the weekend to boost growth and shore up confidence after deadly attacks on Mumbai ...

Review: 'Rock Band 2,' 'Guitar Hero World Tour' Fight to Standoff - FOX News
A screen shot from 'Guitar Hero World Tour.' A screen shot from 'Guitar Hero World Tour.' As one historic duel — the presidential race between Barack Obama and John McCain — ends, another is heating up. The stakes are high: nothing less than the ...

Polygamous Sect Teen Makes Deal to DNA Test Her Baby - FOX News
SAN ANGELO, Texas — A teenage member of a polygamous sect who had refused to reveal the whereabouts of her newborn reached an undisclosed agreement Tuesday with authorities seeking a DNA sample from the baby so they can find out whether the father ...

Vonage Holdings Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good day, everyone and welcome to the Vonage Holdings Corporation's third quarter 2008 earnings conference call. Just a reminder, today's call is being recorded. At this time for opening remarks and introductions, I would like to turn the conference ...

Brookfield, Telus, Mercator, Nexen, Opti: Canada Equity Movers - Bloomberg
By John Kipphoff Nov. 27 (Bloomberg) -- The following companies had unusual price changes in Canadian trading . Stock symbols are in parentheses, and share prices are as of 4:10 p.m. in Toronto. The Standard & Poor’s/TSX Composite Index rose 1.3 ...

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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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