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People on the Move - Greater Fort Wayne Business WeeklyPeople on the MoveGreater Fort Wayne Business Weekly, IN - 7 hours ago... Daniels Fort Wayne office. Angie Topp, mortgage loan specialist at the First Bank of Berne Bluffton banking center, was promoted to officer status. ...
Mortgage rates at less than 5%? - StarNewsOnline.comMortgage rates at less than 5%?StarNewsOnline.com, NC - Jan 8, 2009By Wayne Faulkner It may sound like more help for Wall Street, but the Federal Reserve’s move this week to buy $500 billion of mortgage-backed securities is ...
Shelter Bank President & CEO Ron Wheeling - Columbia Business TimesColumbia Business TimesShelter Bank President & CEO Ron WheelingColumbia Business Times, MO - 1 hour agoWayne Powell, who is a client of two other local banks as well as a long-time Shelter Bank customer, said he often purchases certificates of deposit and ...
New Zealand bond issues and roadshow log - Jan 9 - NinemsnNew Zealand bond issues and roadshow log - Jan 9Ninemsn, Australia - 16 hours agoFor new bond issues, roadshows and programme announcements, please contact Cecile Lefort or Wayne Cole on 02-9373-1234 or the newsroom switchboard ...
Two Suffolk-Based Mortgage Lenders Investigated for Discrimination - LongIslandPress.comTwo Suffolk-Based Mortgage Lenders Investigated for DiscriminationLongIslandPress.com, NY - Jan 6, 2009The office is continuing its investigation into potential discriminatory pricing by other mortgage brokers. Suffolk Legis. Wayne Horsley (D-Babylon) first ...
· Public records for Jan. 8, 2009 - Daytona Beach News-Journal· Public records for Jan. 8, 2009Daytona Beach News-Journal, FL - 13 hours agoEmmanuel Quinones, auto negligence; Taylor Bean & Whitaker Mortgage Corp. v. Nathan Brotman, real property; Wells Fargo Bank NA v. ...
economists propose new mortgage option - Chicago Daily Heraldeconomists propose new mortgage optionChicago Daily Herald, IL - Jan 5, 2009"Using this for the current stock of mortgages is not really feasible," Wayne Passmore, deputy associate director with the Fed board in Washington, ...
For family, arts are at community's heart - The News JournalFor family, arts are at community's heartThe News Journal, DE - Jan 8, 2009So as a Christmas present to the league, the Holdens paid off its mortgage. A smaller donation would have been a Band-Aid approach, said Wayne Holden, ...
IRS lends helping hand to struggling taxpayers - KTKA.comIRS lends helping hand to struggling taxpayersKTKA.com, KS - 22 hours ago“It's going to get a lot worse before it gets better,” said Wayne Miller, of Hays. “It's a little shaky and mostly due to indecisions and people being ...
Clark County Credit Union members still get bonus -- but it's smaller - Las Vegas Review - JournalClark County Credit Union members still get bonus -- but it's smallerLas Vegas Review - Journal, NV - Jan 8, 2009Chief Executive Wayne Tew said the typical member got a $179 bonus last year, and the biggest average payout was $342 in 2005. By comparison, 2008 was one ...

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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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