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World leaders pledge to combat global crisis - WTOP Radio
WASHINGTON (AP) - With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Nov 17, 5:39 AM EST - Associated Press
WASHINGTON (AP) -- With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Dow slips below 8,000 on growing fear of deflation - KTAR.com
WASHINGTON (AP) - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...

Stuart Fine Foods' Mazocchi battling courts, creditors - Fort Pierce Tribune
PALM CITY — Joe Mazzochi can be found daily in his second floor office atop the Stuart Fine Foods store here. But rather than helping people find the latest produce or donating to any of the 120 organizations he says the Mazzochi family has ...

Stuart Fine Foods owner maintains hope of reopening Palm City store in ... - Fort Pierce Tribune
PALM CITY — Joe Mazzochi can be found daily in his second floor office atop the Stuart Fine Foods store in Palm City. But rather than helping people find the latest produce or donating to any of the 120 organizations he says the Mazzochi family has ...

Fed officials: Housing is basis for recovery - Inrich.com
The U.S. economy is not likely to recover until the housing market stabilizes, according to experts from the Federal Reserve Bank of Richmond. And the housing industry is still in distress, though the Richmond area is faring better than most. The ...

GE: Not-So-Good Things Come to Light - Seekingalpha.com
When is a stock safe enough to buy when it becomes difficult for corporations to find financing? We can answer the question two ways: 1) Why should we buy stocks when the financial markets are choking? Better to sit on cash. 2) We can’t tell when ...

Should Obama name FDIC's Bair as a Special Advisor for Mortgage Policy ... - Bloggingstocks.com
Most investors know that there's a difference between Democratic Party leadership and Republican Party leadership, as it relates to U.S. fiscal and economic policy. However, although more economically-cohesive than the Democratic Party, the ...

The racing is over for the season but F1's off-track action is hotting ... - Daily Telegraph
However, off-track, another battle is coming to a head and the prize at stake is even bigger – the future of F1 itself. The sport is dominated by billionaire investors and wealthy car companies, but the harsh realities of the economic downturn have ...

FDIC's Bair pushes aggressive mortgage plan - CNN Money
NEW YORK (CNNMoney.com) -- In a surprise move, FDIC Chairwoman Sheila Bair Friday unveiled details of her plan to have the government help delinquent homeowners. There are two key elements to the proposal. First, housing payments for delinquent ...

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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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