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News about Mortgages:
Dancing at the volcano's edge - guardian.co.ukDancing at the volcano's edgeguardian.co.uk, UK - Oct 1, 2008Since the early 1990s, major financial firms have developed profitable businesses in consumer and mortgage credit. The steady privatisation of provision of ...
2 noted economists outline ways to avoid another housing crisis - IdahoStatesman.com2 noted economists outline ways to avoid another housing crisisIdahoStatesman.com, ID - Oct 3, 2008"The crisis was not caused by the impact of a meteor or the explosion of a volcano. Rather it was caused by a failure to anticipate quite obvious risks — by ...
A TIME OF TREMORS - Calcutta TelegraphCalcutta TelegraphA TIME OF TREMORSCalcutta Telegraph, India - Sep 22, 2008Hence it will have eruptions of its financial volcano from time to time, and they will be met by ad hoc executive remedies. ...
Magic Ring to Save Us May Be Accounting Overhaul: Kevin Hassett - BloombergMagic Ring to Save Us May Be Accounting Overhaul: Kevin HassettBloomberg - Sep 29, 2008Just at that moment, Sauron's ring of power is destroyed in a volcano. With it goes Sauron and his legions, and evil is defeated. ...
Weekend blog: Wall Street and a turning point – in Bulgaria - Sofia EchoWeekend blog: Wall Street and a turning point – in BulgariaSofia Echo, Bulgaria - Sep 19, 2008The volcano could be seen to be erupting on the horizon, but for the people living around Vesuvius, there seemed to only the minor worry that some ash might ...
Our View: Economy needs jolt for now, not drastic surgery - Peoria Journal StarOur View: Economy needs jolt for now, not drastic surgeryPeoria Journal Star, IL - Oct 1, 2008This proposed remedy also doesn't go to the root of the problem, which is homeowners who can't meet their mortgage payments, thereby saddling banks with all ...
Good sense will get us through - The Daily AstorianGood sense will get us throughThe Daily Astorian, OR - Sep 30, 2008Efforts to stuff the lava back into the volcano are being managed by people with little belief in strong regulation. These are people who in many cases ...
Essential steps to surviving the current crisis - RGE MonitorEssential steps to surviving the current crisisRGE Monitor, NY - Sep 23, 2008The volcano will not erupt. Disregard the sirens, stay on the beaches — the tsunami warnings are fake, or just a short-circuit of the alarms. ...
Current Issue - Cabot Wealth AdvisoryCurrent IssueCabot Wealth Advisory, MA - Sep 29, 2008Volcano (VOLC) is promising. Why are these professionals buying? Well, many of them have to put the money somewhere; most equity mutual funds, ...
Credit likely to be tougher to come by - The Patriot-News - PennLive.comCredit likely to be tougher to come byThe Patriot-News - PennLive.com, PA - Sep 15, 2008This is an economic volcano eruption that can't be stopped by any government measure. It must run its course, which may take several years. ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms