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"Big Three" ask for $18B for a second time - Redlands Daily FactsFord, Chrysler and General Motors on Tuesday asked the federal government - for the second time - for loans. GM asked for $18 billion in loans, Chrysler a $7 billion "bridge" loan and Ford for a $9 billion line of credit. Detroit's "Big Three" showed ...
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How ‘Bout We Try More Capitalism? - The Moderate VoiceEveryone right now is focusing on the financial crisis and with good reason. There are so many claimed causes spanning decades. What really caused all this is the government monkeying around with the basic rules of capitalism, and by that I mean hard ...
Anger at Mandelson's intervention over HBOS as Government seeks to ... - ScotsmanBUSINESS leaders accused the government last night of trying to force through the takeover of HBOS by Lloyds TSB, after Peter Mandelson warned the bank would be bailed out only if the deal went ahead. Concern about ministers' tactics came as new ...
American Commercial Lines Announces Third Quarter Outlook - PR NewswireJEFFERSONVILLE, Ind., Sept. 15 /PRNewswire-FirstCall/ -- American Commercial Lines Inc. (NASDAQ: ACLI) ("ACL" or the "Company") announced today that it expects its third quarter 2008 earnings per share to be in the range of $0.32 to $0.36 ...
That sinking feeling - Delaware OnlineFrom the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...
Koppers Refinances Bank Agreement - EarthtimesPITTSBURGH, PA -- 11/03/08 -- Koppers Inc., a subsidiary of Koppers Holdings Inc. (NYSE: KOP), has entered into a new credit agreement with a syndicate of banks led by Pittsburgh-based PNC and co-led by RBS Citizens Bank and Bank of America as joint ...
Genesee & Wyoming Reports Results for the Third Quarter of 2008 - PR NewswireGREENWICH, Conn., Nov. 3, 2008 /PRNewswire-FirstCall/ -- Genesee & Wyoming Inc. (GWI) (NYSE: GWR) reported net income in the third quarter of 2008 of $21.2 million, compared with net income of $16.2 million in the third quarter of 2007. GWI's diluted ...
Lurching Toward Gomorrah: More Signs of An Unstoppable Economic ... - OpEdNews.comCrisis denialists are still around but are slowly and grudgingly giving way to the reality that global capitalism is in serious crisis as recession lurches toward depression in a continuing downward spiral. Nearly every new data release confirm it ...
How did we get into this financial mess anyway? - Reading EagleWhen it comes to the meltdown of the financial markets, there is plenty of blame to go around. The Wall Street brokerages and investment banks, with the encouragement of federal policy makers, take a piece of the blame for flooding America with cash ...
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