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Sessions, Shelby oppose bailout - Times Daily
Congressional votes against and for the financial system bailout didn't help stockholders this week. After the U.S. House narrowly defeated its version of the bailout bill Monday, the stock market fell 400 points below what it was when voting started ...

Wall Street firms at center of bailout are big political donors - Miami Herald
WASHINGTON -- The Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics. Since 2001, eight of the most troubled firms have donated $64.2 million to congressional ...

A curious coalition of U.S. senators opposed bailout bill - International Herald Tribune
WASHINGTON : Senators who voted against the $700 billion financial rescue plan make up one of the most curious coalitions of lawmakers ever to share common ground. It included arch-conservative Republicans like Jim DeMint of South Carolina, liberal ...

Senators across river divided on bailout - Ledger-Enquirer
In many ways, the congressional debate over the largest federal bailout in U.S. history reflected stark ideological differences among Republicans on whether conservative fiscal principles must yield in resolving the nation's financial crisis. Just ...

We Chose Panic,’ Senate’s Top GOP Banking Expert Declares as He ... - CNS News
In this video image from APTN, the final vote tally is displayed after the Senate passed the Economic Stabilization Act by a vote of 74-25 Wednesday, Oct. 1, 2008, on Capitol Hill in Washington. (AP Photo/APTN) (CNSNews.com) - The leading Republican ...

Crumbling Financial Giants Gave Generously To Dodd - Hartford Courant
Sen. Richard Shelby , R-Ala., the former chairman and now the ranking minority member of the Banking Committee, said those implications are unfair. "I think Dodd at the end of the day is going to do what he thinks is right from a philosophical ...

Wall Street reaps profits from political investments - Charleston Gazette
WASHINGTON - The Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics. Since 2001, eight of the most troubled firms have donated $64.2 million to congressional ...

Firms in bailout are big political donors - Hawk Eye
to candid'ates, parties. WASHINGTON -- The Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics. Since 2001, eight of the most troubled firms have donated $64.2 ...

Financiers, firms put $64.2 million into politics - Detroit Free Press
WASHINGTON -- The Wall Street financiers and firms whose problems have prompted a $700-billion federal bailout are no strangers to Capitol Hill or to politics. Since 2001, eight of the most troubled firms have donated $64.2 million to congressional ...

Firms at center of bailout are big political donors - Lexington Herald-Leader
WASHINGTON — The Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics. Since 2001, eight of the most troubled firms have donated more than $64 million to ...

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Today's Mortgage Terms starting with D

  • Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
  • Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
  • Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
  • Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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