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Owner of local malls says it's at risk for default - Boston Globe
The mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...

She got the car, he got the bad credit score - Los Angeles Times
Dear Liz: In our divorce, my ex was awarded the car but was supposed to make the payments. She is always behind, and since my name is on the car loan my credit scores remain low. Is there any way to get my name off the loan? Answer: Typically no, at ...

Thomson Financial News - Forbes
Shares in Scottish & Southern Energy add 3.7 percent after the multi-utility's first-half results and its reaffirmation of full-year guidance. SSE says its first-half adjusted pretax profit fell 54.5 percent to 302.6 million pounds, down from 664.7 ...

Local mall operator says it's at risk for default - Boston Globe
The mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...

Latest Share Chat - Life Style Extra
Shares in Vodafone continue to rally on Wednesday after analysts digest the group's new strategy, announced with its first half results on Tuesday. Shares in Vodafone closed up over 6 percent higher in the previous session as the world's largest ...

TSX losers and winners since the June peak - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. What is the worst-performing stock on the S&P/TSX ...

Glance-STOCKS NEWS EUROPE-Dimension Data up after preliminary results - Life Style Extra
Shares in Dimension Data rise 5.9 percent after South African IT firm announces preliminary results. Investec Securities calls the results 'robust' and repeats its 'buy' recommendation and 51 pence target price. Investec analyst Gareth Evans says ...

Armored vehicle maker's deal draws flak - Miami Herald
In war zones, armored buses called Rhino Runners protect soldiers and others from gunfire and bomb blasts. Former Secretary of Defense Donald Rumsfeld and Saddam Hussein are among the Rhino Runners' more recognizable passengers. The maker of the ...

Living Together While Keeping Money Unmarried - US News and World Report
Pasha Carroll and her boyfriend, Matthew Krise, follow a strict his/ her money system: The Chicago couple split rent and groceries down the middle and pay credit card debt separately. He pays for dinner when they eat out, and she cooks. As they ...

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Today's Mortgage Terms starting with I

  • Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
  • Initial Rate: The rate charged for the first interval of an ARM loan.
  • Interest: Compensation in the form of money paid for the use of money.
  • Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.

    View all Terms
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