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News about Mortgages:
Set state standards to rein in brokers - HamptonRoads.comA 2007 report by The Wall Street Journal found that more than half of subprime mortgages in 2005 and 2006 went to homebuyers who qualified for conventional loans with stable interest rates. The findings undermine the stereotype that the subprime ...
How one family's mortgage is linked to meltdown - ReutersHAMPTON BAYS, New York (Reuters) - Cynthia Goldrick's daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly. So when the Goldrick family's adjustable rate ...
Hampton Roads Bankshares receives government funds - ForbesHampton Roads Bankshares Inc. said Wednesday it received $80.3 million as part of the government's $700 billion bank investment program. The government investment, administered by the U.S. Treasury Department, is part of a broader program to invest ...
Songwriter dares to tackle mix-and-match music styles - HamptonRoads.comSinger-songwriter Vance Gilbert had an epiphany several years back. A friend took him to a club to see musician Shawn Colvin play, and when the diminutive songstress took the stage, the self-proclaimed jazz snob suddenly saw his musical future. "It ...
Wachovia Corp. - Chicago TribuneThe commercial real estate market outlook for 2009 will be the topic of a lunch program Jan. 22 presented by Hampton Roads Association for Commercial Real Estate (HRACRE). Mark P. Vitner, managing director and senior economist with Wachovia ...
The Gables Condominiums in Abington offers 100% financing for ... - dBusinessNews.comThe Gables Condominiums, a luxury condominium development located at 200 Hampton Way in Abington, recently announced the availability of 100 percent financing for qualifying active and inactive U.S. veterans, National Guardsmen and reservists. “We ...
Local groups pitch in to aid victims of fire - Port Huron Times-HeraldAfter a Sunday fire destroyed her Port Huron apartment, Wood said she and her daughter, Lashawna, 16, are homeless. The St. Clair County Chapter of the American Red Cross paid for a three-day stay at the Hampton Inn in Port Huron Township and a $300 ...
Nationwide defies Alistair Darling on mortgage interest rate cuts - Times OnlineNationwide, Britain's biggest building society, will not pass on any further cuts to the Bank of England base rate to customers with tracker mortgages, The Times has learnt. The lender plans to invoke a rule in its mortgage contracts allowing it to ...
Ala. policeman feared missing arrested in Vegas - Buffalo NewsAn all-out search for a missing Alabama organized crime specialist led to Las Vegas, where the decorated officer was arrested and accused of staging his disappearance to cover up the theft of $2,500 from his department, authorities said Tuesday ...
OTCPicks.com Stocks to Watch for Monday, January 5th AANB - Transworld NewsOTCPicks.com’s Daily Small Cap and Microcap Newsletter presents a range of the hottest small cap stocks on trading on the OTC and OTCBB markets. In addition to our Newsletters, OTCPicks.com is quickly becoming the premier community destination for ...
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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