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News about Mortgages:
Mortgage-fraud sleuths - Frederick News-PostPrince George's County has the state's highest percentage of homes in foreclosure. It also has a big problem with mortgage fraud. In September P.G. County received a $162,200 grant from the state to set up within its State's Attorney's Office a ...
Regulatory authority issues reverse mortgage warning - Norristown Times HeraldThe Financial Industry Regulatory Authority’s strong warning to investors this past summer about the dangers of reverse mortgages leaves us wondering whether the regulator of the securities industry had more up its sleeve. Older homeowners were ...
3 new reports reveal battered economy - Frederick News-PostWASHINGTON (AP) — The government released a trio of reports today that paint a bleak picture of the nation’s economy: jobless claims remain at recessionary levels, while Americans cut back on their spending by the largest amount since the 2001 ...
SEAL trainee’s mom sets out to free him - Richmond Times-DispatchVIRGINIA BEACH Not for one moment did Linda Summitt believe her son had committed murder. She first recognized trouble in Dustin A. Turner's voice when he called home to Bloomington, Ind., on June 27, 1995. "I have to tell you something," he said. "I ...
Report on economy presents grim future - Northern Virginia DailyThe housing bubble in Virginia is continuing to deflate, and it's taking some air out of the state's economy with it. That's the gist of economic data presented to members of the General Assembly's finance committees during their annual retreats last ...
Career Moves - Raleigh News & ObserverStory Tools Donald R. "Don" Edwards has been named project manager at Southern Industrial Constructors/Southern Crane, industrial contractors in Raleigh. Jason Newton, a partner with Yates, McLamb and Weyher law firm in Raleigh, was elected treasurer ...
Needy Fund: Mental health crisis ravages family - Cape Cod TimesWhen her husband left home, he took half the family income — and its entire safety net. A 35-year-old mother of two in Sandwich was left to fend for herself after her husband stopped taking his bipolar medication and left home without a word. Joan ...
Wisconsin bankers say they’re ready to lend - Pierce County HeraldThe head of the Wisconsin Bankers Association says most banks have lots of capital and are still eager to lend – even though one of every six lost money in the last quarter. The FDIC said Tuesday that 49 commercial and savings banks in Wisconsin ...
Property Transactions - Daily Review & Sunday ReviewAlmer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...
Matter Of Records: December 1 - Wichita Falls Times Record NewsKell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...
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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