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

Clay home equity loans news:

Affordable Housing in Connecticut Gets $1.8 Million Infusion - Earthtimes
BOSTON , Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $1.8 million as grants and a subsidized loan to fund 33 units of affordable rental and ownership housing in three communities. Of that amount, more ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Hotel developer snags a construction loan - Houston Chronicle
Hotel developer Nick Massad just closed on a construction loan to build a $55 million Embassy Suites near the George R. Brown Convention Center. Massad, president of Houston-based American Liberty Hospitality, was ready to start construction on the ...

Business Braces for Cooler Climate - Wall Street Journal
Rising Democratic power in Washington is likely to usher in a drive for tighter financial regulation, increased social spending and more labor-friendly policies amid a more challenging climate for business. Business leaders and lobbyists were ...

Thornburg Mortgage, Inc. The Wall Street Analyst Call Transcript - Seekingalpha.com
Thornburg Mortgage, Inc. (TMA) The Wall Street Analyst Forum November 17, 2008 9:50 am ET Executives Clay Simmons - Chief Financial Officer Presentation Moderator Good morning, ladies and gentlemen. In our ongoing attempt to adhere to the published ...

Glenn Greenwald - Salon
Numerous commentators have condemned the McCain campaign's despicable -- and patently false -- attack on Professor Rashid Khalidi as an "anti-Semite," deployed in order, yet again, to insinuate that Barack Obama is an American-hating, Muslim/Arab ...

Thornburg Mortgage, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Ladies and gentlemen thank you for standing by. Welcome to the Thornburg Mortgage third quarter earnings conference call. Certain matters discussed in this conference call may constitute forward-looking statements within the meaning of the federal ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Erie County Real Estate Transactions - Buffalo News
• 1790 Countyline Road, Kathleen Petschke; Dennis E. Petschke to Jennifer A. Wetzler; Darren M. Wetzler, $187,000. • 11716 Boncliff Drive, Arthur W. Wolski to Joseph M. Grimaldi; Jill M. Babinski, $146,000. • 2183 Townline Road, Sharon Schmidt ...

How Politics Trumped Governance - Huffingtonpost.com
So, how did we get a war inside the Republican party that may leave the economy in shambles? Look to the end of last week, when McCain made his odd Washington cameo. First, a bit of subtext: the legacy of the Bush years is how politics trumped ...