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News about Mortgages:
‘The snowball started rolling’ - Aspen Daily News‘The snowball started rolling’Aspen Daily News, CO - Sep 30, 2008Garfield County can’t blame adjustable-rate mortgages, which have taken the heat for bringing on the mortgage crisis, Toranza-Viera said. ...Hope remains to avoid foreclosure Aspen Daily Newsall 2 news articles
Local banks in good shape - Glenwood Springs Post IndependentLocal banks in good shapeGlenwood Springs Post Independent, CO - 10 hours agoBy Heidi Rice Despite a national commercial banking crisis, representatives of Garfield County banks say area banks are strong and in good shape. ...
Your letters - Glenwood Springs Post IndependentYour lettersGlenwood Springs Post Independent, CO - Oct 1, 2008I am writing to ask for support of Steve Carter, past Garfield County Judge, I feel that he will be pro-active in going after the oil and gas industry. ...
In Garfield Heights, 12 employees laid off; mayor cites potential ... - The Plain Dealer - cleveland.comIn Garfield Heights, 12 employees laid off; mayor cites potential ...The Plain Dealer - cleveland.com, OH - Oct 1, 2008But to blame such a loss on foreclosures is farfetched, since banks and mortgage companies generally foot the tax bill for foreclosed properties, ...
Local officials oppose financial bailout bill - Glenwood Springs Post IndependentLocal officials oppose financial bailout billGlenwood Springs Post Independent, CO - Oct 3, 2008Salazar, whose congressional district includes Garfield County, is running for re-election against Republican Wayne Wolf, a Delta county commissioner who ...
Company president sentenced in mortgage fraud case - The Plain Dealer - cleveland.comCompany president sentenced in mortgage fraud caseThe Plain Dealer - cleveland.com, OH - Sep 6, 2008... company was sentenced to seven years in prison for her role in mortgage fraud that involved 31 houses in Cleveland, East Cleveland and Garfield Heights. ...Woman gets prison for mortgage fraud WTAM.comall 3 news articles
Law enforcement taking advantage of property forfeited when felony ... - Enid News & EagleLaw enforcement taking advantage of property forfeited when felony ...Enid News & Eagle, OK - Oct 4, 2008’There are a lot of checks and balances.’ Enid, North Enid and Lahoma police departments and Garfield County Sheriff’s Office each have a revolving fund.
Meltdown Hits Snow Country - New WestMeltdown Hits Snow CountryNew West, MT - Oct 2, 2008In workaday Garfield County, downhill from Aspen and Vail, building permits by June were down 30 percent. Two large development projects have stalled, ...
Australia, Japan Pump In Cash to Combat Credit Freeze (Update2) - BloombergAustralia, Japan Pump In Cash to Combat Credit Freeze (Update2)Bloomberg - Sep 28, 2008By David Yong and Garfield Reynolds Sept. 29 (Bloomberg) -- Japan and Australia's central banks added more than $20 billion to money markets as agreement on ...Asian Money Market Rates Fall as US Senate Approves Bailout Bloombergall 43 news articles
How city's property tax smacks you - Chicago Sun-TimesHow city's property tax smacks youChicago Sun-Times, United States - Sep 20, 2008Homeowners in Fuller Park, West Garfield Park and Englewood -- where property assessments started to rebound before the housing market tanked -- will see ...
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