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Bryan sues area power agency - Denton Record-Chronicle
An agency that provides power to Denton and three other Texas cities is facing a legal challenge over its plan to refinance millions of dollars in debt. The city of Bryan sued the Texas Municipal Power Agency and its other members, Denton, Greenville ...

District faces tough decision - Topeka Capitol-Journal
This wasn't the economy officials in Auburn-Washburn Unified School District 437 foresaw when they made a $68 million bond issue pitch to voters last year. Officials said the district needed the money to build an elementary school and make ...

County borrowing $3.3 million to plug hole in budget spending - Vicksburg Post
Warren County will borrow up to $3.3 million to fill budgetary holes left by the steady string of equipment purchases, infrastructure upgrades and disaster-related expenses yet to be reimbursed. Transfers from the general fund to other pools of money ...

'Muzzled' Biden's Halloween Present: A Press Avail - ABC News Blogs
ABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...

Ventas Reports $0.69 Per Diluted Share Third Quarter Normalized FFO - StreetInsider.com
Ventas, Inc. (NYSE: VTR ) ("Ventas" or the "Company") said today that third quarter 2008 normalized Funds from Operations ("FFO") increased 9.6 percent to $97.2 million, from $88.7 million in the third quarter of 2007. Normalized FFO per diluted ...

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Today's Mortgage Terms starting with A

  • Accrued Interest: Interest earned but has not been paid
  • Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
  • Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
  • Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
  • Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
  • Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
  • Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
  • Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
  • Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.

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