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July 2008 - ABC News Blogs
ABC's Z. Byron Wolf Reports: We already knew the bearded Grover Norquist and the bedraggled former bowtie-wearing pundit Tucker Carlson would address Texas Congressman and libertarian Republican Ron Paul's shadow convention - aka The Rally for the ...

Obama: McCain's Race Charges 'Troublesome' - ABC News Blogs
ABC News' Teddy Davis and Sunlen Miller Report: Sen. Barack Obama, D-Ill., told NPR's "All Things Considered" on Friday that he finds Sen. John McCain's, R-Ariz., eagerness to level charges of racism "troublesome". "[T]he way that they’ve amplified ...

More Primary Articles - Nashua Telegraph
CINCINNATI (AP) – John McCain told the NAACP and some skeptical black voters... HIDALGO, Texas – As they race between Ohio and Texas in advance of their March 4 primary showdown, Sens. Barack Obama and Hillary Clinton are squaring off over who ...

Democrat Bill Foster, Republican Jim Oberweis - Elburn Herald
The special election to complete former U.S. Rep. Dennis Hastert's term in office is Saturday, March 8. Voters will choose between candidates Bill Foster and Jim Oberweis to serve the remaining year of the current 4-year term. Voters will again ...

Great Wolf Resorts Closes $55 Million Mortgage Loan - PR Newswire
MADISON, Wis., Feb. 6 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (NASDAQ: WOLF) , North America's leading family of indoor waterpark resorts, today announced that the company has closed on a $55 million mortgage loan. The loan is secured by ...

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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.

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