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PPL could refinance $150M in bond debt - Daily ItemWASHINGTONVILLE -- Air pollution control equipment at the Montour Generating Station is among projects that would be refinanced by a $150 million bond issue. PPL is seeking approval for refinancing of the bonds at a lesser interest rate. The interest ...
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 ...
On the Line: Pennsylvania Gov. Ed Rendell - CNBCIn the nationwide mortgage morass, there is at least one bright spot; one instance of a state doing things right: Pennsylvania. The Keystone State, under the leadership of Gov. Ed Rendell, has actually seen a year-over-year decline in foreclosure ...
Vail hotel developer files Chapter 11 - Rocky Mountain NewsThe owner of a new luxury resort in the heart of Vail said the financial crisis forced his debt-laden business to file for Chapter 11 bankruptcy protection. Waldir Prado, developer of the Vail Plaza Hotel & Club, said he was unable to refinance his ...
CFO calls Qwest's debt "manageable" - Denver PostQwest chief financial officer Joseph Euteneuer said Friday that high-speed Internet service is now the foundation of Qwest's bundle. ( Brian Brainerd, Denver Post file photo ) Qwest chief financial officer Joseph Euteneuer assured Wall Street that ...
Bumpy start to ski season as layoffs hit Colorado resorts - Rocky Mountain NewsA skier rests at the bottom of Winter Park Resort on opening day. Blaming a tough economic climate, resort operator Intrawest Corp. announced companywide job cuts that affect managers and other employees at some of its Colorado ski areas. The layoffs ...
Remember 2004? It ain’t over. - Atlanta Journal ConstitutionBy Ragnar Danneskjöld November 3, 2008 8:29 AM | Link to this Good morning all. Pennsylvania is the keystone state, the jbmlaw bellweather for 2008. Winner there takes all, and, if ...
Welcome Home, Don! - East Bay ExpressThis week, outgoing state Senator Don Perata finally begins his long ride into the Sacramento sunset. No more highballs with the governor or caucus poker nights, no more calls from the LA Times . Now, it's just you and Oakland, Mr. P. Since you're so ...
Austral Pacific Announces Interim Results - Oilvoice.comA one-off $3.3 million write-off has seen listed exploration company Austral Pacific post a $2.93m before tax loss in its third quarter. Austral Pacific yesterday filed its Q3 interim accounts. Austral Pacific chief executive officer Thompson Jewell ...
Congress Blames Treasury as Foreclosures Mount - Common DreamsBOSTON - A congressional banking leader Tuesday blew hot air and blame at the U.S. treasury secretary about the ongoing home foreclosure crisis, but neither made a commitment to help stressed homeowners. Congress is officially out of session, except ...
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