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Mortgage crisis looms for commercial buildings - Rocky Mountain News
A Circuit City store in New York holds a sale before the outlet closes. The retail outlook is bad and is fueling problems with commercial mortgages. Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's ...

Chrysler exec says bankruptcy not an option for Big 3 - Rocky Mountain News Blogs
Bankruptcy isn't an option for the Big 3 domestic automakers and a carmaker collapse could send the economy spiraling into a depression. Jim Press , Chrysler's vice chairman, said the U.S. automakers were "down to months left," as industry officials ...

Mortgage freeze hard on self-employed - Rocky Mountain News
The government’s recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people — even those with pristine credit — the mortgage freeze has yet to thaw ...

Bridgewater Commons owner gets two-week reprieve on debt - MyCentralJersey.com
WASHINGTON — Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...

Redstone feeds fish as his empire implodes - Guardian Unlimited
Sumner Redstone , the media mogul who famously coined the phrase "content is king", could well achieve another kind of fame very soon as the first major media casualty of the recession. His vast empire - which includes CBS, Viacom , the MTV networks ...

General Growth gets loan reprieve on $900M debt - Honolulu Star-Bulletin
WASHINGTON » Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...

Mall owner struggles with debt - Cincinnati.com
WASHINGTON - Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer extensions with ...

Maine Mall owner gets extension on loan - Maine Sunday Telegram
WASHINGTON — General Growth Properties Inc., the owner of the Maine Mall, is getting a two-week extension on $900 million in debt that was scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer extensions ...

Maine Mall owner gets debt extension - Portland Press Herald
WASHINGTON -- General Growth Properties Inc., owner of the Maine Mall, is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term ...

Mall owner General Growth is working to avoid bankruptcy - Fort Worth Star-Telegram
Texas Tech: Red Raiders still dealing with fallout from loss to Oklahoma Human element is a bug in BCS system Britney Spears 'Circus’ act sends her comeback off course Hundreds expected at Arlington City Hall to support special street sign toppers ...

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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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