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News about Mortgages:
Crapping Out at the Subprime Casino - ABC NewsABC NewsCrapping Out at the Subprime CasinoABC NewsThe subprime mortgage industry Eisman once knew better than anyone on the planet had been a negligible corner of the capital markets. ...and more »
Dallas businessman sentenced for roll in mortgage fraud scheme - KLTVDallas businessman sentenced for roll in mortgage fraud schemeKLTVPruitt had been indicted by a federal grand jury on June 11, 2009. According to information presented in court, from March 2005 to October 2006, ...2 Texas Attorneys Indicted in $20 Million Mortgage Fraud CaseThe National Law Journal2 Attorneys Among 40 Defendants in $20M Texas Mortgage Fraud CaseABA Journalall 18 news articles »
Aaron Dare's girlfriend pleads guilty in mortgage fraud scheme - WRGBAaron Dare's girlfriend pleads guilty in mortgage fraud schemeWRGBLast April, Dare pled guilty to grand larceny and was sentenced to eight to 24 years in prison under a plea bargain. He is currently serving out consecutive ...Dare's ex-girlfriend convicted for fraudAlbany Times Union (blog)all 5 news articles »
Major East Texas Mortgage Fraud Scheme- Out of Florida - Examiner.comExaminer.comMajor East Texas Mortgage Fraud Scheme- Out of FloridaExaminer.comThe 16-count indictment was returned by a federal grand jury on March 10, 2010, and includes one count of conspiracy to commit mail and wire fraud, ...and more »
Four indicted in multimillion-dollar mortgage scheme - Bizjournals.comFour indicted in multimillion-dollar mortgage schemeBizjournals.com... with a bank vice president and a Palm Beach Gardens attorney, have been indicted by a federal grand jury in what authorities say was a mortgage scam. ...Gardens attorney indicted for mortgage fraudWPTVTopDot Mortgage: Superseding Indictment Returned Adding Defendants in Mortgage ...LoanSafeall 7 news articles »
Investigation results in mortgage fraud indictments of two Denver-area men - Denver PostInvestigation results in mortgage fraud indictments of two Denver-area menDenver PostTwo men have been indicted by the federal grand jury in Denver in a mortgage fraud scheme that allegedly scammed financial institutions ...and more »
Kiss Zero Interest Goodbye? - Barron'sKiss Zero Interest Goodbye?Barron'sIt affirmed that, as pledged, it intends to stop buying mortgage-backed securities come the end of this month (apparently it feels sated after accumulating ...
Volusia County public records for March 20, 2010 - Daytona Beach News-JournalVolusia County public records for March 20, 2010Daytona Beach News-JournalDale W. Schroeder, real property; SunTrust Mortgage Inc. v. Roy Salig, real property; US Bank NA v. Milton Vargas, real property; Wells Fargo Bank NA v. ...and more »
Names and Faces in Business for March 20 - Kalamazoo Gazette - MLive.comNames and Faces in Business for March 20Kalamazoo Gazette - MLive.comBy The Grand Rapids Press staff Bank of America Home Loans added Jason Jenkins and Ben Kakkuri as mortgage loan officers. Jared Skillings was appointed ...
Two Metro Denver Men Indicted for Mortgage Fraud - Media Newswire (press release)Two Metro Denver Men Indicted for Mortgage FraudMedia Newswire (press release)DENVER-Shawn R. Tieskotter, age 36, of Greenwood Village, Colorado, and Craig D. Patterson, age 30, of Littleton, Colorado, were indicted by a federal grand ...and more »

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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 |