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$70 million more going to salmon disaster aid - ForbesThe Bush administration has come through with the remaining $70 million of the disaster relief that Congress appropriated to help salmon fishermen and related business after the West Coast fishery collapsed last summer. Congress appropriated $170 ...
IN BRIEF: News around Downriver - News-HeraldThe Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...
Citi and manic Monday - bbcThe overnight bailout by the US authorities of Citigroup is big and fairly complicated, but then it had to be: until recently Citi was the biggest bank in the world and even today its assets are not far off the size of Britain's economic output. Citi ...
Foreclosures to Top 1 Million - BusinessWeekWeb site Foreclosures.com just released its monthly U.S. Foreclosures Index for the month of September. Foreclosures increased by nearly 7% from August to September — making it nearly certain—the site says—that this year will see more than 1 ...
Latest wave of layoffs could worsen economic downturn - Charleston Post & CourierSteven Ridenhour poses for a photo at his kitchen table Wednesday in Eureka, Mo. Ridenhour was recently laid off from the nearby Chrysler plant after working there for 15 years. Steven Ridenhour knows how to build a car. But after the Chrysler plant ...
Year in Quotes — Updated - American Banker OnlineJim Rohr Makes Right Choices in Trying Times for PNC, Industry Glassman's Formula: Social Responsibility and Clean Credit An Ever-Expanding Marketing Menu at F&M CEO Wu Drives UCBH's Growth on Two Continents At Synovus, Driving Growth Through People ...
What can John McCain do? - Atlanta Journal ConstitutionBarack Obama enters the final week of the presidential campaign with supporters and the media propelling the inevitability of his coronation a week from Tuesday. What can John McCain do? He has six work days and a weekend to convince the nation that ...
Real Estate Agents & Brokers - PR.comSouth Florida Real Estate Leading site for preconstruction, waterfront luxury homes and Condos. View 1000's of condos, homes and preconstruction... The Number One Source for Fort Myers Real Estate in Miami, Florida. View the latest condos and homes ...
Selected recent California newspaper editorials - San Jose Mercury NewsIt took state lawmakers more than three months past their July 1 deadline to finally work out a budget deal this year. Now, just weeks later, it turns out that stinky budget plan wasn't enough to solve the budget crisis. State lawmakers are back in ...
BRIEFLY: News around Downriver - News-HeraldWith winter weather here, AAA Michigan is seeking donations of coats, hats, gloves, scarves and blankets at its Southgate branch, 15150 Fort St., from Monday through Dec. 12. Donated items will be delivered to a local charity for distribution to ...
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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