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FSA chairman Lord Turner calls for end to 100% mortgages - The GuardianThe GuardianFSA chairman Lord Turner calls for end to 100% mortgagesThe GuardianIn an hour-long lecture to the Cass Business School in London, Turner sent a message to the next government that more needs to be done to make banks focus ...Turner calls for greater powers to address asset bubble concernsMoney MarketingLord Turner eyes bank reform by November G20 meetingIndependentLords Economic Affairs Committee hears from Lord Turner on financial regulationDeHavilland (press release) (subscription)all 42 news articles »
Detroit land deals spark speculation - The Detroit NewsDetroit land deals spark speculationThe Detroit NewsThe area of activity is bordered by Woodward and Cass avenues from east to west and Temple and Sibley streets from north to south. In at least two cases, ...and more »
Playing at poverty - South Bend TribunePlaying at povertySouth Bend TribuneA group of professionals from Cass and Van Buren counties took part in a poverty simulation workshop to find out at the Van Buren ISD Conference Center in ...
Can Treasury Nudge Lenders Into More Short Sales? Don't Bank On It - DailyFinanceCan Treasury Nudge Lenders Into More Short Sales? Don't Bank On ItDailyFinanceA theory propounded by Nudge co-author Cass Sunstein, now director of the White House Office of Information and Regulatory Affairs, and a former University ...and more »
Powerful interests stifle China reforms - Asia Times OnlinePowerful interests stifle China reformsAsia Times OnlineA recent Chinese Academy of Social Sciences (CASS) survey said 85% of families could not afford an apartment. The word "bubble" however, did not appear in ...and more »
Should Conspiratorial Thinking Be The Default Position? - Prison Planet.comPrison Planet.comShould Conspiratorial Thinking Be The Default Position?Prison Planet.comThe establishment's war on “conspiracy theories,” illustrated by White House regulatory czar Cass Sunstein's attempt to ban or tax them, ...
Policy 'nudge' turns into a 'shove' - Wall Street JournalPolicy 'nudge' turns into a 'shove'Wall Street JournalCass Sunstein, co-author of the behavioralist bible, "Nudge," took up residence at the White House Office of Information and Regulatory Affairs, ...and more »
A wrench in the works - Boston GlobeA wrench in the worksBoston GlobeNot for Christopher Marrano, owner of Harrison Supply Company, a Roxbury hardware store at the intersection of Harrison Ave. and Melnea Cass Boulevard. ...
Real estate: What your neighbor's house is selling for - Belleville News DemocratReal estate: What your neighbor's house is selling forBelleville News Democrat* 510 N. Delaware Ave.; from US Department of Housing and Urban Development; to K&G Property Management; $22000 mortgage, but no sales price available. ...
PwC sees through 'deceitful' savings rise - FT AdviserPwC sees through 'deceitful' savings riseFT AdviserPeter Hahn, a former banker and now lecturer in finance for Cass Business School said: "Many people have variable rate mortgages and interest rates are low, ...

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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.
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