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News about Mortgages:
Guilty plea in HAWS case - Winston-Salem JournalGuilty plea in HAWS caseWinston-Salem Journal, NC - 15 hours agoTrollinger, Reid Lawrence and Ernie Pitt are scheduled to go to trial Feb. 2. The men are charged with mail fraud and wire fraud. In addition, Pitt and ...
This week's Real Estate stories - MarketWatchThis week's Real Estate storiesMarketWatch - 19 minutes agoThis week, Fox-Pitt Kelton home-builder analyst Robert Stevenson said that 2009 is not the year to buy -- even considering record low mortgage rates and ...
Now may not be best time to buy a new home - Denver PostNow may not be best time to buy a new homeDenver Post, CO - Jan 8, 2009... Fox-Pitt Kelton home-builder analyst Robert Stevenson said this week. "While some suggest that now is great time to buy a home given low mortgage rates ...Analysts say unemployment makes a bad year to buy a home WalletPopall 2 news articles
Pitt rink leaking again - Maple Ridge NewsPitt rink leaking againMaple Ridge News, Canada - 18 hours ago... Pitt Meadows, which owns the land the rink sits on and currently embroiled in a legal battle with Citizens’ Bank, which holds a mortgage on the building ...
It's A Wonderful Mortgage Crisis - NewsweekIt's A Wonderful Mortgage CrisisNewsweek - Dec 23, 2008A different George Bailey—played, say, by Brad Pitt—would have "originated" home loans in Bedford Falls. Pitt would have then sold those loans to Freddie ...
Tattle: Larry Flynt & Joe Francis want US bailout in these 'hard ... - Philadelphia InquirerTattle: Larry Flynt & Joe Francis want US bailout in these 'hard ...Philadelphia Inquirer, PA - Jan 8, 2009On W magazine's Web site, Brad Pitt insists that he did not cheat on Jennifer Aniston with Angelina Jolie. Brad says that his relationship with Angelina ...
Region's home prices take major plunge - TheDayRegion's home prices take major plungeTheDay, CT - 9 hours ago”People almost feel trapped in their homes,” said Les Bray, an agent and market analyst for William Pitt Sotheby's International Realty in Stonington. ...
TD Ameritrade buys options broker - Globe and MailTD Ameritrade buys options brokerGlobe and Mail, Canada - Jan 8, 2009However, David Trone, an analyst at investment dealer Fox-Pitt Kelton in New York, was less enthusiastic about the acquisition. ...
Faces of foreclosure in Pittsburgh - World Socialist Web SiteWorld Socialist Web SiteFaces of foreclosure in PittsburghWorld Socialist Web Site, MI - Dec 21, 2008Of all the people the WSWS spoke with at the ACORN meeting in Pittsburgh, only one had been charged an average mortgage rate. Most of the others were paying ...
EARNINGS PREVIEW: Online Brokers Hurt By Weak Market - EasyBourse.comEARNINGS PREVIEW: Online Brokers Hurt By Weak MarketEasyBourse.com, France - 2 hours ago... the company's stock price has been weighed down by credit losses in its bank unit's mortgage portfolio. In a recent note to clients, Fox-Pitt Kelton ...

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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.
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