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Financial News
Strong economic data boost mortgage rate increase - The-review
Strong economic data boost mortgage rate increaseThe-reviewMortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.62 percent, up 6 basis points from this time last week. The 30-year fixed mortgage rate rose early in the week, then hovered ...and more »

First National's growth traces to its roots - Crain's Cleveland Business
First National's growth traces to its rootsCrain's Cleveland BusinessFarmers is active in Trumbull and Mahoning counties, and First National in Wayne, Medina and Stark. ... Farmers, meanwhile, was drawn to National Bancshares because of the niche lending focuses in areas like residential mortgage and agriculture.

Real estate records, 4/19/15 - Lincoln Journal Star
Real estate records, 4/19/15Lincoln Journal StarKelly, Kimberly A to Fannie Mae A/K/A Federal National Mortgage Association , 3525 Allendale Drive, $107,950. Kirchhoff, Kent D and Aundria D to .... Spilinek, Scott D and Cynthia M to Stark, Harrison E , 3710 Everett St., $104,950. Starostka Lewis LLC ...

BP Oil Spill: Louisiana Wetland Loss Is Speeding Up Due To Crude From ... - International Business Times
International Business TimesBP Oil Spill: Louisiana Wetland Loss Is Speeding Up Due To Crude From ...International Business TimesIn Barataria Bay, a 12-mile-wide bowl of brackish waters, Cat Island serves as a stark example of the oil-related decay. Before the spill, the mangrove patch was a 40-acre nesting ground for brown pelicans and shorebirds. But when thick crude .... For ...and more »

Illinois company buys Republic Storage brand - Canton Repository
Illinois company buys Republic Storage brandCanton RepositoryA filing in the Stark County Recorder's Office details the open-end mortgage — signed in April 2013 — Republic Storage had with Salus Capital. The agreement covers all machinery, equipment and fixtures. HOPES DASHED. During the weeks before the ...and more »

Ex-Mariner Charlton Jimerson's life story of triumph, tragedy still being written - The Seattle Times
The Seattle TimesEx-Mariner Charlton Jimerson's life story of triumph, tragedy still being writtenThe Seattle TimesHe says his monthly mortgage was $3,000, roughly what the independent Newark Bears paid him for the entire 2009 season. Like so many Americans after the 2008 recession, he owed more than his home was worth, and his big paydays had disappeared.

[STORIES OF ORIGIN] Better lives. Betting on migration - Migrant Rights
Migrant Rights[STORIES OF ORIGIN] Better lives. Betting on migrationMigrant RightsThe life here is in stark contrast to the one lower-income migrants lead in the Gulf states. Home is community and well-being; a strong .... “I would have had to mortgage my property, I didn't want to do that. I am still paying interest on that loan ...

Has the Riverhead IDA ever denied an application? - Riverhead News Review
Riverhead News ReviewHas the Riverhead IDA ever denied an application?Riverhead News ReviewIDA chairman Tom Cruso said one big reason so many projects are approved after a hearing is that most applications for tax assistance are vetted by Ms. Stark-James before they ever get to the hearing stage. “We usually cut [ineligible applicants] off ...

Ocwen announces amendment to its senior secured term loan - HousingWire
HousingWireOcwen announces amendment to its senior secured term loanHousingWireOcwen said in December that it plans to exit agency servicing entirely, and recently announced several massive agency mortgage servicing rights sales. Ocwen stated last month that it intended to sell two portfolios of agency servicing, a $25 billion ...and more »

Celebrity Real Estate: Barack Obama, Bristol Palin - Press News
Celebrity Real Estate: Barack Obama, Bristol PalinPress NewsThe Hawaiian home sold for $8.7 million which was above the asking price, but the mortgage note is about 1 million dollars more, which means the transaction could include cash for renovation to the historic property. The 1933 estate at 41-505 ...and more »

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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
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