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Company accused of running Ponzi scheme - United Press InternationalPITTSBURGH, Dec. 3 (UPI) -- A lawsuit has been filed in Pittsburgh claiming the chief executive officer of a now-bankrupt water-bottling company skimmed millions of dollars. Gregory Podlucky operated LeNature's Inc. basically as a Ponzi scheme ...
LeNature's plundered for $500 million: lawsuit - Pittsburgh Tribune ReviewGregory Podlucky looted LeNature's of more than $500 million with the help of investment bankers, family, friends and former company officers, according to a civil lawsuit filed in U.S. District Court in Pittsburgh. The allegations are contained in a ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...
Columbia Association board members split on downtown development plan - Howard County TimesHoward County Council members are not the only ones who will have to approve General Growth Properties’ plan to redevelop downtown Columbia in the coming months. Because it owns several parcels of land in downtown, including Symphony Woods, the ...
Metro/State business briefs - Detroit NewsMoody's Investor Service has downgraded Beaumont Hospitals' outlook from stable to negative due to its weaker financial performance this year, including an anticipated loss on operations of $22 million at the end of 2008. It assigned an A1 rating to ...
Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - BloombergOct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...
Supreme Court Hears Profanity Case, First in 30 Years - FOX NewsWASHINGTON — Had today's oral arguments on the use of foul language on broadcast television actually been on live TV, there is no doubt the program would have conformed to FCC guidelines. What's not clear is if the courtroom had actually heard the ...
THE ECONOMY IN TURMOIL - San Francisco GateAmericans binge on credit in a mania of speculation and consumption until the debt-fueled bubble bursts. Wall Street has a meltdown, the mania turns to hysteria, and the economy goes haywire. SF Gate polls are strictly surveys of those who choose to ...
GGP announces shakeup, plans to sell properties - Howard County TimesAmid an ongoing slump in its stock price, General Growth Properties Inc. announced the resignation of its chief executive offficer and president Oct. 27 and its decision to sell off shopping centers in Las Vegas, according to a company press release ...
Bailout goes from necessary to nightmarish - Atlanta Journal ConstitutionThat $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...
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.
View all Terms