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Citigroup Saves The Day - Forbes
Citigroup Saves The DayForbes, NY - 21 hours agoGlobal Insight's chief US financial economist Brian Bethune said that he is projecting that a substantial stimulus package will be passed in early 2009, ...Wall Street Pares Losses On Citigroup Mortgage News AHNall 5 news articles

For some, mortgage delinquency just a game - Indianapolis Star
For some, mortgage delinquency just a gameIndianapolis Star, United States - Dec 13, 2008Brian Bethune, an economist with IHS Global Insight, says people often don't realize how devastating a delinquency is on their credit record, ...

Modifying troubled mortgages is necessary to end crisis, FDIC ... - MarketWatch
Modifying troubled mortgages is necessary to end crisis, FDIC ...MarketWatch - Dec 17, 2008"Mortgage markets in particular are in very difficult straits," Bethune said. "By expanding its own balance sheet, the Fed will create a certain volume of ...

Rate cut won't help consumers immediately, but Fed policies may in ... - MarketWatch
ABC NewsRate cut won't help consumers immediately, but Fed policies may in ...MarketWatch - Dec 16, 2008"Mortgage markets in particular are in very difficult straits," Bethune said. "By expanding its own balance sheet, the Fed will create a certain volume of ...Video: Dec. 16: Stocks Surge on Record Fed Rate Cut AssociatedPressFed's big rate cut just for starters.75-1%.75%359.61 Seattle TimesFed gets creative to goose economy Oshkosh NorthwesternWashington Times - TheStreet.com
all 5,582 news articles

Wall Street Winds Down - Forbes
Wall Street Winds DownForbes, NY - Dec 23, 2008Bethune said that the 30-year conventional fixed mortgage rate came in near 6.15% in November, although it has fallen to near the 5.0% level since then, ...

Westbeth comes of age: A unique artists’complex tries to stay afloat - The Villager
Westbeth comes of age: A unique artists’complex tries to stay afloatThe Villager, NY - Jan 8, 2009The 13-floor complex is located at the confluence of West, Washington, Bank and Bethune Sts. in the Far West Village within earshot of the West Side Highway ...

Washington Seeks To Engineer A Recovery - Investor's Business Daily (subscription)
Washington Seeks To Engineer A RecoveryInvestor's Business Daily (subscription) - Dec 31, 2008"I think the initial kind of jolt has to come from a tax cut," said Brian Bethune, US financial economist at IHS Global Insight. ...

Recession propels skid in housing sales, prices - Business Mirror
Recession propels skid in housing sales, pricesBusiness Mirror, Philippines - Dec 24, 2008The steep decline in existing home sales dashed hopes that the market was close to stabilizing, said Brian Bethune, chief US financial economist for IHS ...

Bulls Edge Out Bears in Christmas Eve Trading - TheStreet.com
Bulls Edge Out Bears in Christmas Eve TradingTheStreet.com - Dec 25, 2008It's basically a function of the increasing frequency of layoff notices, says Brian Bethune, chief US financial economist at IHS Global Insight, ...

Bailout may cost trillions ... or not - Christian Science Monitor
Bailout may cost trillions ... or notChristian Science Monitor, MA - Dec 29, 2008"That's a calculated bet," says Brian Bethune, an economist at IHS Global Insight in Lexington, Mass. "In terms of the cost of the whole thing ... it gets ...

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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
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