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Title companies in Wichita doing what they can to cope with housing ... - Wichita Business JournalDebbie Schremmer, president of Kansas Secured Title-Sedgwick County, says her company last year trimmed four workers in anticipation of a housing slowdown. Home sales this year are down nearly 15 percent. Wichita title companies are grappling with ...
BPI Energy Signs Carbon Credit Marketing Agreement With Blue Source - EarthtimesCLEVELAND - (Business Wire) BPI Energy Holdings, Inc. (NYSE Alternext US: BPG) , an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, today announced that it has ...
High number of foreclosures has WVC seeking federal funds - Salt Lake TribuneWest Valley City is one of several local entities seeking a chunk of $19.6 million in federal funding to help with foreclosed homes in Utah. City officials and housing advocates pleaded Wednesday for a share of the Neighborhood Stabilization Program ...
Ski heavyweight refinances its $1.7 billion loan - Salt Lake TribuneOne of the ski industry's biggest heavyweights, resort owner/operator Intrawest Corp., said late Thursday it had reached an agreement to refinance a $1.7 billion loan that came due that day. Intrawest did not disclose details of the agreement ...
Juniper Networks, Leggett, Nasdaq, Zions: U.S. Equity Movers - BloombergOct. 17 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 10:20 a.m. in New York. Advanced Micro Devices Inc. (AMD US) gained 7 percent to $4.41. The ...
Kraft, Leggett & Platt, PMC-Sierra, Zions: U.S. Equity Movers - BloombergOct. 17 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. American International Group Inc. (AIG US) fell 14 percent to $2.10, the ...
Provo mall owner in financial straits - Daily HeraldCHICAGO -- Shares of General Growth Properties Inc., which owns six malls in Utah including the Provo Towne Centre, plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance ...
Foreclosure filings are up in Utah - Daily HeraldWhile the deepening housing slump and tight credit conditions have resulted in rising numbers of foreclosures in Utah, local real estate experts downplay the magnitude of the problem here compared with that of California, Florida, Arizona, Nevada ...
Woman charged in fatal stabbing - Milwaukee Journal SentinelBadiata Tunis was apparently attempting to render aid to the victim, Ronald McNeal, 53, of Milwaukee. "She stated that she tried to help Mr. McNeal by cleaning up his wounds and putting salt on his wound and that he became unconscious and passed out ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
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