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News about Mortgages:
Accused mortgage scammer Raghunath nailed after being on lam - New York Daily NewsNew York Daily NewsAccused mortgage scammer Raghunath nailed after being on lamNew York Daily NewsIshwardat (Danny) Raghunath was nabbed around 4 pm at Logan and Fulton Sts. in East New York after investigators received a tip, said FBI spokesman James ...and more »
William Mills Agency CEO Speaks at National Reverse Mortgage Lenders ... - MarketWatch (press release)William Mills Agency CEO Speaks at National Reverse Mortgage Lenders ...MarketWatch (press release)... please visit www.williammills.com or call Mr. Kelly Williams at 678-781-7202. William Mills Agency J. Blair Logan, 678-781-7218 blair@williammills.com.and more »
Minneapolis gets $15.4 million for neighborhood stabilization - Finance and CommerceFinance and CommerceMinneapolis gets $15.4 million for neighborhood stabilizationFinance and Commerce... developers is Minneapolis-based PRG Inc. It used federal money from the first round of NSP grants to buy a single-family home at 525 Logan Ave. ...
Investor buys Ann Arbor Country Club's mortgage after bank-ordered sale - AnnArbor.comInvestor buys Ann Arbor Country Club's mortgage after bank-ordered saleAnnArbor.com“The ownership of the property is not changing hands,” said Peter Logan, a club member and board member of the Loch Alpine Improvement Association. ...
Leader of mortgage scam pleads guilty - San Diego Union TribuneLeader of mortgage scam pleads guiltySan Diego Union TribuneFEDERAL COURT — A San Diego gang member who federal authorities said was the leader of a massive mortgage fraud ...and more »
More St. Louis borrowers in trouble, but fewer losing homes to the bank - St. Louis Post-Dispatch (blog)More St. Louis borrowers in trouble, but fewer losing homes to the bankSt. Louis Post-Dispatch (blog)St. Louisans are more likely to be behind on their mortgage, but less likely to lose their home to a bank, than they were a year ago, ...and more »
Wanted NY mortgage scam Guyanese captured - Stabroek NewsStabroek NewsWanted NY mortgage scam Guyanese capturedStabroek NewsIshwardat (Danny) Raghunath was nabbed at around 4 pm at Logan and Fulton Streets in East New York after investigators received a tip, FBI spokesman James ...
Volusia County public records for March 10, 2010 - Daytona Beach News-JournalVolusia County public records for March 10, 2010Daytona Beach News-JournalBart McCullen, real property; PHH Mortgage Corp. v. Scott L. Baker, real property; Wells Fargo Bank NA v. Billy G. Aery, real property; Wells Fargo Bank NA ...
Transactions for March 7 - Reading EagleTransactions for March 7Reading EagleFederal National Mortgage Association to Israel Gonzalez, 204 Tulip Hill Road, $190000. Gretchen H. Reinstadtler to Robert C. Reinstadtler, ...
Facing foreclosure - Youngstown VindicatorFacing foreclosureYoungstown VindicatorWhen a couple splits, sometimes one of the parties tries to pay the mortgage on his or her own. “In some cases, when they get divorced, nobody can pay the ...and more »

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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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