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Liars Poker II - Times OnlineTimes OnlineLiars Poker IITimes OnlineI expected them to gape in wonder at the story of the mortgage bond trader who had lost $250m and to be shocked that once upon a time on Wall Street the ...and more »
Citigroup Reverses Plan to Shrink Mortgage Business - BusinessWeekCitigroup Reverses Plan to Shrink Mortgage BusinessBusinessWeekMany correspondent lenders were turned off by Citigroup's loan suspension last year, said David Olson, president of Columbia, Maryland-based Access Mortgage ...and more »
Columbia man sentenced to 8 years for mortgage scheme - Live 5 NewsColumbia man sentenced to 8 years for mortgage schemeLive 5 NewsCOLUMBIA, SC (WCSC) - A Columbia man was sentenced Thursday to eight years in federal prison and other restitution payments for a mortgage fraud scheme. ...and more »
Financing a Fixer-Upper - New York TimesNew York TimesFinancing a Fixer-UpperNew York TimesMount Vernon, one of the county's poorer cities, was hard hit by the subprime mortgage crisis and has plenty of such homes. It is where Maria Andrews-David ...and more »
Feds crack Upstate mortgage fraud scheme, 5 plead guilty - Live 5 NewsFeds crack Upstate mortgage fraud scheme, 5 plead guiltyLive 5 NewsCOLUMBIA, SC (WCSC) - Five people pleaded guilt in federal court Thursday for their part in a homebuilder mortgage fraud scheme that involved false loan ...Mortgage Fraud Schemers Plead GuiltyWYFF Greenvilleall 9 news articles »
ACORN: Preliminary Autopsy for Battered Community Organizers - Politics Daily (blog)ACORN: Preliminary Autopsy for Battered Community OrganizersPolitics Daily (blog)For years, ACORN concentrated on helping low-income clients find affordable housing, deal with welfare programs or mortgage foreclosures, and gain federal ...and more »
Canada February Home Resales Fall 1.5%, Group Says - BusinessWeekGlobe and MailCanada February Home Resales Fall 1.5%, Group SaysBusinessWeekCanada's mortgage rates are close to the lowest since the Korean War, spurring home sales and prices as the country emerges from a recession. ...Home sales slow in FebruaryCBC.caStatistics Canada says household wealth rose 1.6 per cent to $5.9T in Q4The Canadian PressCanadian home sales down, prices upyourhome.caCanadian Mortgage Broker News -Canada NewsWire (press release) -Montreal Gazetteall 211 news articles »
Obama makes final push for health bill - Globe and MailObama makes final push for health billGlobe and MailMore than 90 per cent of patients at the Unity Health Care Center in Washington's hard-knock Columbia Heights neighbourhood where Dr. Padilla works are ...and more »
Fed Unconvinced Recovery Yet Warrants Higher Rates - BusinessWeekFed Unconvinced Recovery Yet Warrants Higher RatesBusinessWeekThe end of Fed mortgage-debt purchases risks driving up mortgage rates, worsening the housing crisis, said Joseph Stiglitz, the Columbia University ...and more »
How Value Investing Paid Off in the Crisis - New York Times (blog)How Value Investing Paid Off in the CrisisNew York Times (blog)The value investing thesis, championed by the Columbia University professors Benjamin Graham and David Dodd in the 1930s, was simple: find cheap stocks ...

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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.
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