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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. View all Terms

Webster mortgage loans news:

Webster initiates foreclosure moratorium - New London Day
Waterbury-based Webster Bank, which has local branches in Old Lyme, Old Saybrook and Groton, announced Thursday that it is offering a 90-day moratorium on home foreclosures. The moratorium applies only to Webster-owned mortgages for all qualified ...

Webster Plans 90-Day Moratorium On Residential Mortgage Foreclosures - Hartford Courant
Joining other larger banks, the parent of Webster Bank said Thursday that it would institute a 90-day moratorium on residential mortgage foreclosures that could keep as many as 400 borrowers in their homes, most of them in Connecticut. Waterbury ...

Webster puts foreclosures on hold - Providence Business News
WATERBURY, Conn. – Webster Bank, a subsidiary of Webster Financial Corp. (NYSE: WBS), said it is placing a 90-day moratorium on home foreclosures for Webster-owned mortgages and looking to expand mortgage-assistance programs for families at risk of ...

Webster to suspend foreclosures - New Haven Register
WATERBURY — Webster Bank, a subsidiary of Webster Financial Corp., Thursday announced a 90-day moratorium on home foreclosures for Webster-owned mortgages, and a plan to expand mortgage assistance programs to keep families in their homes. Webster ...

Webster puts hold on foreclosures - Providence Business News
WATERBURY, Conn. – Webster Bank, a subsidiary of Webster Financial Corp. (NYSE: WBS), is placing a 90-day moratorium on home foreclosures for Webster-owned mortgages. The bank also said in a statement yesterday that it would expand its mortgage ...

EDITORIAL: Mortgage relief grows for homeowners - New Haven Register
Just as the Wall Street financiers were deemed too big to fail, there are too many ordinary citizens at risk of defaulting on their mortgages for the economy to withstand. It is estimated that 7.3 million Americans will default on their home loans in ...

Connecticut leads nation in foreclosure jump - Stamford Advocate
On the same day a national report said Connecticut suffered the biggest yearly increase in foreclosures of any state last month, Webster Bank announced plans to suspend all foreclosure activity for 90 days. California-based RealtyTrac.com, which ...

Bradford and Bingley Bosses Quit - Ananova
The chairman and deputy chairman of nationalised mortgage bank Bradford and Bingley have quit. Chairman Rod Kent, his deputy Nick Cosh and non-executive directors Ian Cheshire and Steve Webster have left the company with immediate effect. Chief ...

Foreclosures increase in Connecticut - Danbury News-Times
On the same day a national report said Connecticut suffered the biggest yearly increase in foreclosures of any state in October, Webster Bank announced plans to suspend all foreclosure activity for 90 days. California-based RealtyTrac.com, which ...

Chiefs quit Bradford & Bingley - Channel 4 News
The chairman and deputy chairman of nationalised mortgage bank Bradford & Bingley have stepped down, the lender said. Chairman Rod Kent, his deputy Nick Cosh and non-executive directors Ian Cheshire and Steve Webster left the company with immediate ...