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News about Mortgages:
Real action needed on foreclosure problem - Business GazetteReal action needed on foreclosure problemBusiness GazetteOur elected state and county leaders talk about the foreclosure epidemic in Maryland, but they don't do anything about it. They vilify the mortgage ...and more »
Not the Best of All Worlds for the Fed - Barron'sNot the Best of All Worlds for the FedBarron'sAlthough those purchases have brought mortgage rates down to record lows relative to benchmark Treasury notes, the Fed buying hasn't translated into home ...and more »
Impac Mortgage Holdings, Inc. Announces Year End 2009 Results - Business Wire (press release)Impac Mortgage Holdings, Inc. Announces Year End 2009 ResultsBusiness Wire (press release)(BUSINESS WIRE)--Impac Mortgage Holdings, Inc. (NYSE Amex: IMPM), a Maryland corporation, or the “Company,” reports earnings of $10.8 million (excluding ...and more »
Maryland's Mortgage Program Lowers Rates for First-Time Homebuyers - LoanSafeMaryland's Mortgage Program Lowers Rates for First-Time HomebuyersLoanSafeOn Monday, Secretary of Maryland's Department of Housing and Community Development announced that interest rates for Maryland's Mortgage Program have been ...and more »
Consumer memo 3/18: US automakers advance in JD Power dependability study - Kansas City StarConsumer memo 3/18: US automakers advance in JD Power dependability studyKansas City StarMortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates near ...
State's revised jobless rate a cause for worry - San Jose Mercury NewsState's revised jobless rate a cause for worrySan Jose Mercury NewsPlus, the Federal Reserve may remove a program that has kept mortgage rates low, a move that could make home loans less affordable. ...and more »
Foreclosure rates up by smallest amount in 4 years - The Associated PressBoston GlobeForeclosure rates up by smallest amount in 4 yearsThe Associated PressRounding out the top 10 were Utah, Idaho, Illinois, Georgia and Maryland. The metro area with the highest foreclosure rate in February was Las Vegas. ...Foreclosure Filings Rise at Slowest Pace in 4 YearsBusinessWeekRPT-US foreclosures drop 2nd straight month in Feb-RealtyTracReutersForeclosures May Be Slowing, But Don't Tell That To JRLBPOST.comCBS News -Staunton News Leaderall 776 news articles »
Dodd's 2nd shot at financial reform still leaves loopholes - USA TodayDodd's 2nd shot at financial reform still leaves loopholesUSA TodayProblem: Bankers, traders and mortgage brokers are compensated in ways that let them enjoy big paydays when things go well and stick shareholders or the ...and more »
First Potomac Realty Trust Reports Fourth Quarter and Full-Year 2009 Results - MarketWatch (press release)First Potomac Realty Trust Reports Fourth Quarter and Full-Year 2009 ResultsMarketWatch (press release)Significant new leases included 57000 square feet at RiversPark I, which is located in the Company's Maryland region, and 54000 square feet at Cavalier ...and more »
Tri-State home-sales indicator encouraging - The Herald-MailTri-State home-sales indicator encouragingThe Herald-MailExperts see at least three economic keys to watch this spring and summer — the home buyers' tax credit program, mortgage rates and new hiring. ...

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Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms |