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Fortress, an investment firm under siege - International Herald Tribune
NEW YORK : When Wesley Edens and his partners founded their investment firm a decade ago, they chose a name that evoked unshakable bastions: Fortress. But now their stronghold is under siege, and some of its investors are running for cover. Cracks ...

EDITORIAL: Back to reality - Daily Freeman
No comments posted. Hopefully you have just enjoyed a wonderful, traditional Thanksgiving weekend: a holiday dinner with the family and perhaps a few days off to shop and relax. If that fits your description, a warning: We’re about to bring you ...

Fortress, the Hedge Fund, Is Crumbling - The Ledger
When Wesley R. Edens and his partners founded their investment firm a decade ago, they chose a name that evoked unshakeable bastions: Fortress. But now their stronghold is under siege — and some of its investors are running for cover. Cracks are ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Wells Fargo: Clearly, there are numerous pitfalls that Wells Fargo will need to navigate, but in the short run, at least, it won. Wells Fargo ...

$8.5 Trillion and Counting - Reason.com
The L.A. Times on Sunday updated the numbers on 2008's historic (and historically awful) round of bailouts, and came out with a shiny new figure: $8.5 trillion . It's a useful piece of journalism, so I almost hate to complain, but the lead-paragraph ...

Mortgage refinancing rush is on - Milwaukee Journal Sentinel
Experts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...

Credit crisis hobbles Wake, Durham counties - Raleigh News & Observer
The credit shortage also is affecting the state's borrowing. The variable interest rates on about $855 million in state debt rose this week, said Sara Lang, spokeswoman for the State Treasurer's Office. Those rates are now almost fivefold what they ...

DEALTALK-BHP advisers watch huge fees slip down the drain - Forbes
MUMBAI/LONDON, Nov 25 (Reuters) - Miner Rio Tinto's advisers will gain most from the collapse of BHP's attempt to buy it, but it is a big disappointment for the suitor's investment bankers who stood to reap a pile of extra fees if the deal succeeded ...

Macquarie shares fall to five-year low - ninemsn
Shares in Macquarie Group Ltd have slumped 18 per cent to a five-year low after ratings agency Standard & Poor's revised the outlook for Australia's biggest investment bank to negative from stable. Macquarie had slumped $6.13, or 18.07 per cent, to ...

Prince out to leave K-State at end of season - FOX News
KANSAS CITY, Mo. — Kansas State coach Ron Prince was unable to rebuild the Wildcats into the Big 12 contender they were under his predecessor. Now after 2 1/2 seasons in Manhattan, Prince is on his way out and K-State is in the market for another ...

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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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