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Hard mortgage lesson - Laconia CitizenHard mortgage lessonLaconia CitizenEven the Moore's admit their chances don't look good. They made a mistake, a very big mistake, when they decided to refinance their mortgage in hopes of ...and more »
More Ind. teachers take 2nd jobs to stay afloat - Chicago Sun-TimesMore Ind. teachers take 2nd jobs to stay afloatChicago Sun-TimesThat can make raising a family or paying a mortgage difficult, education officials said. Many teachers have traditionally gotten summer jobs, ...and more »
Foreclosure delayed for Sandwich family - Laconia CitizenForeclosure delayed for Sandwich familyLaconia CitizenThe Moore family, facing a foreclosure auction Thursday, was able to fend off the mortgage company's auctioneer with a temporary ...Sandwich Family Struggles To Stay In HomeWMUR Manchesterall 4 news articles »
Real estate: What your neighbor's house is selling for - Belleville News DemocratReal estate: What your neighbor's house is selling forBelleville News Democrat1212 Seiler Road; from US Department of Housing and Urban Development; to Samuel Moore; $78513 mortgage, but no sales price available. ...
Help in hard times: Pawnshop sees business increase - Louisville Courier-JournalHelp in hard times: Pawnshop sees business increaseLouisville Courier-JournalRobin Moore considers Mel more like a family member than a pawnbroker. “He takes into consideration your problems,” Moore said in a telephone interview. ...and more »
Warren Watch: Cover boy Buffett - Omaha World-HeraldWarren Watch: Cover boy BuffettOmaha World-HeraldThe New York Post says Berkshire may be a buyer for Residential Capital, the previously money-losing mortgage division of financing giant GMAC. ...and more »
Career Almanac - CharlotteObserver.comCareer AlmanacCharlotteObserver.comMark Rowe joined the SouthPark office as a mortgage consultant. Angie Saunders joined as sales manager in the Gastonia office. Megan Reed joined Moore & Van ...
Bloody 'Repo Men' goes after artificial organs in slice of life - Detroit Free PressBloody 'Repo Men' goes after artificial organs in slice of lifeDetroit Free PressIn a future in which a bankrupt government has at long last ceded all power to corporations, none is more powerful than the Union. ...and more »
Mortgage modification businesses ordered to cease and desist - Marco EagleMortgage modification businesses ordered to cease and desistMarco Eagle“They're acting in an unlicensed capacity,” said Michael Moore, an attorney for the Office of Financial Regulation. “They're not legally entitled to those ...and more »
House Republicans Release Principles For Reform Of Fannie Mae And Freddie Mac - Trading Markets (press release)House Republicans Release Principles For Reform Of Fannie Mae And Freddie MacTrading Markets (press release)"It is time to deal with bailed out companies, which were at the center of the mortgage market meltdown that caused the financial crisis, and have cost ...and more »

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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.
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