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News about Mortgages:
RLPC-Bank arrangers glad to see back of BHP $55 bln loan - ForbesLONDON, Nov 25 (Reuters) - The loan market breathed a collective sigh of relief on Tuesday as miner BHP Billiton (nyse: BBL - news - people ) dropped its bid for rival Rio Tinto and the $55 billion loan that went with it. The loss of fees from the ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that he’s been ousted from the top spot on the powerful House Energy and Commerce Committee, what will John Dingell’s next move be ...
November 2008 - Palm Beach InteractiveGov. Charlie Crist wants to have a temporary foreclosure freeze in place by next week, he said this morning. Crist said he is meeting with bankers to try to come up with a deal without having lawmakers involved that would stall foreclosure ...
Tampa Bay Lightning - ForbesIn June, OK Hockey, a group of eight owners led by Oren Koules and Len Barrie, bought the Tampa Bay Lightning, the lease rights to the St. Pete Times Forum and 5.5 axces of land in downtown Tampa's Channelside District near the arena for $210 million ...
A bailout for 'Boys? - Philadelphia InquirerThe Dallas Cowboys are having major financial problems. It's true. Sniffle. According to the Sports Business Journal , which I don't normally read - thanks for the heads-up, Google Alerts - the Cowboys are seeking to borrow an additional $350 million ...
O'Brien's blog - Atlanta Journal ConstitutionThe entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...
Election 2008: Barack Obama in the news - NewsdayGeorgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...
Bair Testimony on Foreclosures and Stabilization - Wall Street JournalFDIC Chairman Sheila C. Bair testified on foreclosure before the Senate Committee on Banking, Housing and Urban Affairs . These are her prepared remarks. Chairman Dodd, Senator Shelby, and Members of the Committee, I appreciate the opportunity to ...
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