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Area jobless rate among lowest in US - Richmond Times Dispatch
Area jobless rate among lowest in USRichmond Times Dispatch, VA - 19 hours agoHampton Roads is ranked third with a 4.8 percent rate. But those regions also saw a big percentage increase. The rates in Northern Virginia jumped 47 ...

Four indicted on charges of mortgage fraud at Salem company - Eagle Tribune
Four indicted on charges of mortgage fraud at Salem companyEagle Tribune, MA - Jan 8, 2009By James A. Kimble CONCORD — Two brothers, who worked at a Salem mortgage lending company, and a Sandown couple were charged with skimming approximately ...

2 men charged in fraud scheme - Nashua Telegraph
2 men charged in fraud schemeNashua Telegraph, NH - Jan 7, 2009The Ryders got loans in similar amounts for two other properties in Derry and Henniker and attempted to get a loan for a home in Hampton, prosecutors claim. ...

Accounting Students Face Tough Job Market - WebCPA
Accounting Students Face Tough Job MarketWebCPA, NY - 19 hours ago"The finance majors are not getting internships," said Deandrea Greer-Thomas, a junior accounting major at Hampton University in Hampton, Va. ...

Alternatives to foreclosures explained - 27east.com
Alternatives to foreclosures explained27east.com, NY - Jan 6, 2009The first workshop will be held on Wednesday, January 14, at 7 pm at the Hampton Bays Library on Ponquogue Avenue. “I came up with the concept while I was ...

Feds charge four in $300000 mortgage fraud - The Union Leader
Feds charge four in $300000 mortgage fraudThe Union Leader, NH - Jan 7, 2009The four were indicted in connection with the purchase of five properties at: 2 Foundry St., Nashua, $299291; 22 Mason St., Hampton, no price listed in ...

CORRECTED - How one family's mortgage is linked to meltdown - Reuters
Javno.hrCORRECTED - How one family's mortgage is linked to meltdownReuters - Dec 29, 2008... out a $375000 mortgage in 2005, when they refinanced a previous mortgage on their 1800-square-foot (167-square-metre) house in semirural Hampton Bays, ...A family's mortgage nightmare Straits TimesHow one family's mortgage is linked to meltdown Exec Digitalall 79 news articles

Hampton Roads Bankshares, Inc. Acquires Gateway Financial Holdings ... - MSNBC
Hampton Roads Bankshares, Inc. Acquires Gateway Financial Holdings ...MSNBC - Dec 31, 200831, 2008 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR) (the "Company"), the financial holding company for Bank of Hampton Roads and Shore ...Hampton Roads Bankshares Receives $80.3 Million From US Treasury CNNMoney.com (press release)all 22 news articles

Real Estate - Boulder County Business Report
Real EstateBoulder County Business Report,  United States - 2 hours agoThe 5.9-acre property at 6300 Lookout Road is being redeveloped by Boulder Hospitality LLC into a new mixed-use project with a Hampton Inn and Suites Hotel. ...

Kabot Says State Of Southampton Town Is Better Than Most - Hamptons.com
Hamptons.comKabot Says State Of Southampton Town Is Better Than MostHamptons.com, NY - Jan 6, 2009In 2009, the supervisor looks to form a budget and finance advisory committee similar to the one recently established in the town of East Hampton, ...

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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.

    View all Terms
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