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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.
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Brookings mortgage loan news:
Read More: Poverty , Suburbs , Suburbs Poverty , US Economy , Business ... - Huffingtonpost.comPoverty in the United States is spreading from rural and inner-city areas to the suburbs, according a study, a situation that can worsen as the economy confronts what may be a protracted recession. The study by the Federal Reserve's Community Affairs ...
Hot Docs: How the Financial Crisis Began, Unemployment Predicted to ... - US News and World ReportHow the Financial Crisis Began : If you're looking for a primer on what has happened to the global economy over the past year, a trio of analysts from the Brookings Institution offers an overview titled "The Origins of the Financial Crisis." Martin ...
White House (577) - MSNBC FirstreadRichard Nixon 's reputation takes a fresh pounding every time the National Archives releases another batch of audio tapes from his presidency, and today's opening of nearly 200 hours of Nixon White House recordings is no exception. Again and again ...
From the police report... - Spokane Spokesman-ReviewState Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...
November 2008 - Weekly StandardThe terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...
Defending the CRA - American ProgressAmid the largest financial market meltdown since the 1930s, the search for scapegoats is on. Clearly the rapid expansion of mortgage lending and the related proliferation of new loan products offered to unqualified borrowers in an environment of low ...
Credit Crunch Video Gallery - CNBCThe U.S. government is facing growing pressure to lead a bailout of distressed mortgage holders because of worries that a rising tide of foreclosures could swamp the economy. As clamor rises for federal help for homeowners who face losing their homes ...
Economy: What now - CNN MoneyNEW YORK (CNNMoney.com) -- The wear-and-tear of a 22-month campaign may seem like a Caribbean vacation next to what awaits President-elect Barack Obama when he takes over as the 44th president of the United States. In his first year in office he will ...
THE ECONOMY IN TURMOIL - San Francisco GateAmericans binge on credit in a mania of speculation and consumption until the debt-fueled bubble bursts. Wall Street has a meltdown, the mania turns to hysteria, and the economy goes haywire. SF Gate polls are strictly surveys of those who choose to ...
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