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RBS Hires Ex-BofA Executive Jablansky in Asset-Backed Expansion - BusinessWeekRBS Hires Ex-BofA Executive Jablansky in Asset-Backed ExpansionBusinessWeek... agency mortgage-backed securities and collateralized mortgage obligations. Both received top ranks in Institutional Investor magazine's annual polls, ...and more »
BUSINESS BOOK REVIEW - Business LexingtonBUSINESS BOOK REVIEWBusiness LexingtonTouted as his "favorite secret," Goodman reveals a mortgage "equity acceleration" plan used extensively in Australia and the United Kingdom. ...and more »
Second-home buying opportunities abound - River Forest LeavesSecond-home buying opportunities aboundRiver Forest LeavesMotivated sellers and low mortgage rates sweeten the deal. Prices are indeed compelling. In 2009, Barron's Magazine reported that, on average, second-home ...and more »
China Home Prices Unlikely to Drop, HK Builders Say - BusinessWeekChina Home Prices Unlikely to Drop, HK Builders SayBusinessWeekProperty prices in China rose 10.7 percent in February, the steepest gain in almost two years, even after banks raised mortgage rates. ...and more »
Lights ... Camera ... Quacktion! - PR Newswire (press release)Lights ... Camera ... Quacktion!PR Newswire (press release)Edwards replies: "If you get sick or hurt, Aflac pays you cash, fast, to help pay for things major medical doesn't, like car payments, mortgage and more. ...and more »
Rep. Garrett Introduces Long-Awaited Covered Bond Act - Housing WireRep. Garrett Introduces Long-Awaited Covered Bond ActHousing WireThe mortgage-finance alternative to securitizations, covered bonds, came one step closer to larger acceptance in the US secondary markets ...and more »
FSA chairman Lord Turner calls for end to 100% mortgages - The GuardianThe GuardianFSA chairman Lord Turner calls for end to 100% mortgagesThe GuardianThe City's top regulator has called for curbs on 100% mortgages and a return to mortgage rationing to prevent another boom and bust in the housing market. ...and more »
The Big Short - Ethiopian ReviewReutersThe Big ShortEthiopian ReviewIt was worse than that: it was actively harmful, since they provided the fuel which kept the subprime mortgage furnace burning even when the country was ...Michael LewisPuggal Latest News and eventsall 119 news articles »
Mortgage Bonds Make a Comeback - New York TimesNew York TimesMortgage Bonds Make a ComebackNew York Times... private-label mortgage bonds in the United States might be ready for revival. Eike Batista was named the world's eighth-richest man by Forbes magazine. ...and more »
Production Heats Up On RTR Media's Burn My Mortgage For Corus Entertainment's ... - CNW Group (press release)Production Heats Up On RTR Media's Burn My Mortgage For Corus Entertainment's ...CNW Group (press release)No need to forgo the lattes or weekend cocktails, but what about the $100 a month magazine subscription or the $50 in ATM fees? ...
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