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Retail investor plans more acquisitions - Crain's Chicago Business(Crain’s) — Retail investor and developer Alan Kaplan always knew he'd have to earn his stripes in a different profession than his father, the co-founder and former CEO of Zebra Technologies Corp. The younger Mr. Kaplan’s original ambition was ...
Mortgage rate drop spurs rush to lenders for refinancing - Detroit Free PressA sharp plunge in U.S. mortgage rates prompted a rush to refinance, resulting in record-setting business Tuesday at Livonia-based Quicken Loans and big days for other lenders. Following government efforts to unfreeze consumer credit, U.S. mortgage ...
Loan week, November 21-27 - Finance AsiaAustralia BHP Billiton withdrew its bid for Rio Tinto on November 25. Syndication of a $55 billion debt package to support the bid was launched in February via bookrunners Barclays Capital, BNP Paribas, Banco Santander, Citigroup, Goldman Sachs, HSBC ...
The Buzz: Dispelling retail myths - Post-CrescentMost people by now have gotten multiple copies of the e-mail circulating on the Internet about massive store closures. It's true some retailers are closing or cutting underperforming stores in this weak economy. The e-mail, however, contains some ...
With markets in turmoil, how to buy gold bars - Globe and MailAs 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. With the market in turmoil, I may buy some gold ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Expanded loan limits for home buyers to end Dec. 31 - San Jose Mercury NewsMemo to Bay Area home buyers and owners: Your days to buy or refinance homes using big loans set at low interest rates are numbered. As part of the economic stimulus bill that became law in February, loan limits on government-backed mortgages were ...
Russia's Transneft to continue loan talks with China - RIA NovostiMOSCOW, November 24 (RIA Novosti) - A delegation from Russia's oil pipeline monopoly Transneft has arrived in China to continue loan talks, a Transneft spokesman said on Monday. State-controlled oil major Rosneft and pipeline operator Transneft ...
Socialism as Moral Hazard - American ThinkerI was taken aback the other day by a self-revelatory little piece by a college professor in the early years of her career. She has a doctorate, and things just aren't working out! I do hope for her sake that the name on the article is a pseudonym ...
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