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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

Mclean mortgage loan news:

NYSE to delist Thornburg Mortgage stock - KRQE News 13
SANTA FE (AP) - Santa Fe-based mortgage lender Thornburg Mortgage says its stock will be delisted from trading on the New York Stock Exchange. The suspension will begin prior to the market opening on Friday. Thornburg's stock price failed to meet a ...

Fannie Mae, Freddie Mac Mortgage-Bond Yields Tumble (Update2) - Bloomberg
Dec. 4 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds fell as Treasury Secretary Henry Paulson considers a plan to push home-loan rates down to 4.5 percent to curb the yearlong U.S. recession. Yields on Washington ...

Fannie Mae, Freddie Mac Mortgage-Bond Yields Fall (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds fell as Treasury Secretary Henry Paulson considers a plan to push home-loan rates down to 4.5 percent. Yields on Washington-based Fannie’s current-coupon 30-year ...

Capital One to buy Chevy Chase Bank - Baltimore Business Journal
KPMG moving to new Two Financial Center BofA's top California exec heads to New York for Capital One Capital One to shutter mortgage banking unit, cut 1,900 jobs Crisis complicates Bear Stearns office search Capital One to buy Chevy Chase Bank ...

Capital One to Acquire Chevy Chase Bank - Earthtimes
The addition of Chevy Chase enhances Capital One's local banking business, including an expanded branch presence in the Mid-Atlantic and increased retail deposit base MCLEAN, Va. , Dec. 4 /PRNewswire-FirstCall/ -- Capital One Financial Corporation ...

Capital One to Buy Chevy Chase Bank for $520 Million - Daily Business Review
apital One Financial Corp. agreed to buy Chevy Chase Bank for $520 million in cash and stock to become the biggest retail bank based in the Washington, D.C., region. Capital One will pay $445 million in cash and 2.56 million of its own shares, the ...

Freddie Mac mulls reverse stock split - CNN Money
MCLEAN, Va. (AP) -- Mortgage finance company Freddie Mac said Tuesday it has told the New York Stock Exchange it plans meet listing requirements by May 18, possibly through a reverse stock split, to prevent itself from being delisted. In late ...

Capital One to buy Chevy Chase Bank for $520 mln - Guardian Unlimited
NEW YORK, Dec 4 (Reuters) - Capital One Financial Corp, a credit card issuer and bank, agreed to buy Chevy Chase Bank for $520 million, expanding its retail deposit base, the companies said on Thursday. The cash and stock deal will allow Capital One ...

Capital One to Buy Chevy Chase - Washington Post
Capital One , a leading credit card company, plans to announce today that it will buy Chevy Chase Bank , a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. The deal would be ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Small businesses finally are getting their own little piece of the federal government’s ballooning bailout package. Yesterday, U.S. officials ...