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Insurance shares slump, with Hartford down 29 pct - ForbesShares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity business. Shares of Hartford ...
Insurance shares slump as concerns grow - International Herald TribuneCHARLOTTE, North Carolina : Shares of Hartford Financial Services Group Inc. and other life insurers fell Wednesday as investors grew more concerned about the sector's large exposure to commercial mortgage investments and the variable annuity ...
2008 (2665) - Dakota Voice► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...
Conn. mortgage program helps fewer than expected - NewsdayHARTFORD, Conn. - Connecticut officials say a program created last year to refinance subprime mortgages for financially troubled homeowners is not helping as many people as expected. The Connecticut Fair Alternative Mortgage Lending Initiative and ...
The Greening of Hartford - Hartford AdvocateImani Zito: making a hybrid business. Imani and John Zito have created an oasis of green businesses on New Britain Avenue across from Trinity College. Think of it as an urban homestead, where their six home-schooled children play and study and ...
Legal Services - Chicago TribuneChicago-based General Growth Properties Inc., the real estate investment trust that said it might have to file for bankruptcy, hired law firm Sidley Austin as financial adviser as it seeks to refinance $27.3 billion in debt. "We are looking at ...
Avon Jittery As It Prepares To Refinance Debt - Hartford CourantPHILIP SCHENCK, the Avon town manager, and Blythe Robinson, the assistant town manager, stand in front of the town hall complex. Avon on Tuesday hopes to sell $25.8 million in short-term notes in order to retire existing debt. But upheaval in the ...
Nappier says pension fund sound - NewsdayHARTFORD, Conn. - Connecticut 's pension fund portfolio has dropped in value with the recent stock market upheaval, but remains well diversified and no pension benefits are at risk, Connecticut's state treasurer said Monday. Speaking to the ...
Radio Industry - Hartford CourantThe pilot of a private jet warned air traffic controllers that his plane was "going off the end" of a runway before it crashed, killing him and three others and injuring celebrity DJ AM and former Blink-182 drummer Travis Barker. His words are the ...
Viewer Stories: Retirement Prospects Dim - WSB-TV AtlantaI left active duty as a Navy Lieutenant in 1983, got an MBA from UCLA in two years and then worked on Wall Street for 20 years, while actively participating in the Navy Reserves until retirement in 2007. During my peak earning years, I saved and ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms