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California Saved by Mom, Pop as Rates `Choke' Issuers (Update2) - BloombergOct. 17 (Bloomberg) -- California, the biggest U.S. state borrower, raised $5 billion to avert a cash shortage by turning to the bedrock of the municipal bond market: its own taxpayers. California, a bellwether for state and local government debt ...
General Growth Properties risks default and may file for bankruptcy - SympaticoThe real estate investment trust is the U.S.'s second-largest mall owner. Its big-name holdings include Chicago's Water Tower Place and Fashion Show in Las Vegas. It also disclosed in a regulatory filing that it may default on certain debt ...
Teck Cominco halts dividends, cuts capital spending by $730M; stock ... - SympaticoVANCOUVER, B.C. - Teck Cominco Ltd. (TSX:TCK.B) is suspending dividends, slashing capital spending and selling assets to save more than a billion dollars as it struggles under a massive debt load. The major zinc, copper and coal miner said the ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaI have to take medication for a chronic illness that I have, and instead of taking them everyday, I now take them every other day because health care cost is so high and I have to make them last so I can have more money to buy gas and food! Kelly ...
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