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News about Mortgages:
Warehouse developer's shares down 96 percent - Rocky Mountain NewsThe stock of ProLogis has fallen more than General Motors. Or Ford or Citigroup or most of the stocks hammered during this latest financial crisis. Denver-based ProLogis, by far the top competitor in the worldwide warehouse business, represents one ...
Analyst Actions: Gap, Autodesk, REITs - BusinessWeekGap Inc.'s ( GPS ) reported higher third-quarter earnings. Citigroup analyst Kimberly Greenberger says the company's 35 cents EPS was in line with her 35 cents estimate. She notes third-quarter selling, general, and administrative (SG&A) expense fell ...
Big Greed On Small Street - BusinessWeekIn the tsunami of news regarding the economic crisis and government bailout, the narrative that has formed largely follows the line of a greedy Wall Street swindling the victims of Main Street. So, it was with great interest that I read a brief ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
For local banks, credit still flows - North Bay Business JournalNORTH BAY – Despite credit turmoil and the volatile economic state of the union, local banks are continuing to lend, often at a pace ahead of a year ago. “We are open for business and have money to lend,” said Kimberly Kaselionis, president and ...
Auto industry troubles leave UAW workers and suppliers struggling and ... - Cleveland Plain DealerJoshua Gunter/The Plain Dealer Auto workers and employees of suppliers to the car manufacturers are fearful that their jobs could disappear in the current economic climate in which car sales in the U.S. have declined from 16 million-plus per year ...
Viewer Stories: Housing Market Victims - WSB-TV AtlantaI lost my house a few months ago because I did not have the money for the elevating arms that came when the mortgage went from $1,222.00 to $2,000.00 in three years. I feel that the mortgage was a joke when no one would talk to me at the table before ...
Dear 44: Prosperity - Politico.comJohn D. Podesta is president and CEO of the Center for American Progress Action Fund. Our next president is going to take the oath of office in January and then ask himself why on earth anyone thought it was a good idea to run in the first place. He ...
Herald/SARAH MOORE KUSCHELL - Killeen Daily HeraldIn early 2007, two Killeen couples moved into homes they hoped to raise their families in. Now they are out thousands of dollars and desperately counting on people who were strangers just a few weeks ago to help save their dreams. Robert Groll, a ...
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