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News about Mortgages:
Homeowners seek help at Glendale foreclosure event - The Associated PressHomeowners seek help at Glendale foreclosure eventThe Associated Press"I'm hoping to get my mortgage modified and get into a payment that I can sustain," she said as she clutched a file stuffed with documents. ...Struggling Homeowners Get HelpKPHO Phoenixall 78 news articles »
Center accuses law firm of defrauding Korean immigrants - Los Angeles TimesCenter accuses law firm of defrauding Korean immigrantsLos Angeles TimesShe started her own dry-cleaning business in Glendale. She sent two children to USC. And finally in 2006, she and her husband bought their own home: a ...Korean immigrant homeowners sue LA law firmSan Jose Mercury Newsall 27 news articles »
Feds offer help to homeowners facing foreclosure - KGUNBigNews.biz (press release)Feds offer help to homeowners facing foreclosureKGUNAP - March 10, 2010 7:34 PM ET GLENDALE, Ariz. (AP) - Housing counselors and representatives from lenders will be available to help homeowners facing ...Feds Offer Foreclosure Help At EventKPHO Phoenixall 114 news articles »
Millions of Homeowners Might Get Aid - PR-USA.net (press release)Millions of Homeowners Might Get AidPR-USA.net (press release)The report comes as more and more homeowners are at risk of losing their homes after an estimated 5-million mortgage holders have lost their homes to ...US mortgage-relief plan aids 16%NWAOnline (subscription)Underwater homeowners leave behind mortgages, but lenders can still come callingLas Vegas Review - JournalObama Refinance Plan – Mortgage Relief and Avoiding Foreclosure TodaySubprime Blogger (blog)Before It's Newsall 6 news articles »
HOPE NOW Servicers Assist More Than 2700 Arizona Families at Homeownership ... - RealEstateRamaHOPE NOW Servicers Assist More Than 2700 Arizona Families at Homeownership ...RealEstateRamaThree more events were held in the Phoenix area at the Glendale Civic Center on March 11th, 12th and 13th. The total attendance for the three days in ...
York County deed transfers for March 18 - York Daily RecordYork County deed transfers for March 18York Daily Record353 Bruaw Drive, Manchester Twp.: Richard D. Baker Jr. and Sheriff Richard P. Keuerleber to US Bank National Association and Structured Asset Mortgage ...
The Falcon: Teachers and students protest against GUSD's budget cuts - my.hsj.orgThe Falcon: Teachers and students protest against GUSD's budget cutsmy.hsj.orgThe corner of Jackson and Wilson in Glendale was unusually busy on March 2nd. Any passerby to that intersection saw dozens of teachers holding signs, ...and more »
Glendale Heights man faces charges in mortgage fraud scheme - Suburban Life PublicationsGlendale Heights man faces charges in mortgage fraud schemeSuburban Life PublicationsJeff Townsend of Glendale Heights was involved in the scheme with five other loan originators, a title company, seven mortgage companies and two appraisers, ...
LA metro area forecosure rate rises in January - Daily BreezeLA metro area forecosure rate rises in JanuaryDaily BreezeThe rate of foreclosures in the Los Angeles-Long Beach-Glendale area rose in January to 3.79 percent of all outstanding ...and more »
5 states rush plans for $1.5B in housing funds - Boston GlobeBoston Globe5 states rush plans for $1.5B in housing fundsBoston GlobeHundreds of Arizona homeowners came to meet with housing counselors and representatives from major lenaders, Thursday, March 11, 2010, in Glendale, Ariz. ...and more »
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms