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Britain to Host G-20 Meeting in April - FOX News
LONDON — Leaders of 20 of the world's industrialized and emerging economies will meet in London in April to check their progress on tackling the global financial crisis, British Prime Minister Gordon Brown said Wednesday. Brown told the House of ...

Darling summons bank chiefs over rate cut failure - Times Online
Alistair Darling summoned the chief executives of Britain’s biggest banks to Downing Street today to demand that they immediately pass on the Bank of England’s interest rate cut to their customers. Treasury sources confirmed to The Times that the ...

Banks under pressure to pass on rate cut - Daily Telegraph
; http://link.brightcove.com/services/link/bcpid1488655367/bctid1902611371 http://www.brightcove.com/channel.jsp?channel=1139053637 The surprise cut of 1.5 percentage points was designed to force banks and building societies to make borrowing cheaper ...

Equity Based Services, Inc. Thaws Credit Freeze - PR Inside
www.ebscorp.com - Equity Based Services, Inc. Kurt Ambrosius, 619-220-6700 kurta@ebscorp.com Equity Based Services, Inc. ("EBS") announced an equity recapitalization of its AMS IV Self Storage facility in Austin, TX. The property was originally ...

Banks crumble under pressure to pass on rate cut - Times Online
British banks are beginning to crumble under pressure from the Government to pass on yesterday's surprise 1.5 per cent interest rate cut to customers, with Nationwide and Royal Bank of Scotland (RBS) and HBOS the latest to announce new mortgage rates ...

The Good Ol' Days of Evil - FOX News
Halloween came and went and everyone saw lots of ghosts, goblins and funny looking creatures roaming the streets. We all knew most of them meant no harm — most evil things that can do real harm are a lot less obvious and much more deceptive. When I ...

Petrol companies told to cut prices at pumps - Times Online
Petrol and energy suppliers came under fire from ministers yesterday in an attempt to shame them into cutting pump prices and household bills. Emboldened by international praise for tackling the banking crisis, Gordon Brown accused petrol retailers ...

American Express: Nowhere Near Its Credit Limit - Barron's Online
THE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express , which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx shares ...

Home sales increase again in Naples - Naples Daily News
What would you add to this story? Tell us what we missed. Do you have photos from this event? Documents we need to see? Share with us. Upload photos & videos More ways to get your stuff online and in the paper. In September, home sales activity ...

Drama on the mound: the final 24 hours of a Scots institution - Herald
It was the day that saw the beginning of the end for Scotland's oldest bank. Perched high on The Mound in Edinburgh, the HBOS global headquarters, a building synonymous with financial stability, was the centre of feverish market speculation. Founded ...

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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.

    View all Terms
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