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'Better off', but not spending - News.com.auAUSTRALIANS appear to be keeping their money in their pockets despite the cost of petrol, groceries and mortgages falling rapidly in recent months. For every bit of good consumer news, there’s bad – like falling shares and super funds – that ...
Credit crisis counselors - Washington Business JournalStuart Stein of Hogan & Hartson LLP is leading a task force that was formed to keep track of the dramatic regulatory changes occurring as a result of the nation’s financial crisis. In the two months since local mortgage giants Fannie Mae and ...
Windham (Windham, Connecticut) - Hartford CourantCyncy Abel laughs when talking about how her quality of life has improved since she and her husband, Mike, got a reverse mortgage on their Old Saybrook home. The reverse mortgage allowed her to retire from her full-time job so that she's able to work
Musical Chairs At DCF - Hartford CourantThe Rathbun Free Memorial Library will host a display and silent auction of donated Christmas trees, wreaths and holiday exhibits. All proceeds from the event — organized by the East Haddam Community Lions — are to benefit local emergency ...
Churches, temples building faith in the crumbling economy - Danbury News-TimesAfter years of trying to wedge one more chair into a shoebox turned sanctuary in Brewster, N.Y., Rabbi Solomon Acrish and others began looking at plans for a new temple in the mid-1990s. Acrish, the rabbi at Temple Beth Elohim for the past 42 years ...
The (Big) Round-Up: Monday - New York ObserverAt the Wagner Houses—an East Harlem housing complex whose elevators break down more often than any other—residents live with the constant threat of getting stuck in a six-by-four-foot box. [NY Times] A declining real estate market means it’s ...
Foreclosures increase in Connecticut - Danbury News-TimesOn the same day a national report said Connecticut suffered the biggest yearly increase in foreclosures of any state in October, Webster Bank announced plans to suspend all foreclosure activity for 90 days. California-based RealtyTrac.com, which ...
Cappiello Concerned About Nation's Poor Saving Habits - TriVallyCentralThe candidate, a mortgage loan officer with Flagstar Bank in Danbury, said that people in the financial industry used to counsel people earning $100,000 a year to spend only up to 28 percent of their income on a home mortgage and only up to 38 ...
John S.W. MacDonald - New York ObserverThe Dow jumps 4.9 percent and the S&P 6.4 percent as Wall Street rejoices over Washington’s rescue plan for Citigroup. [NY Times] 9:30 a.m. The Landmarks Preservation Commission holds a daylong public hearing regarding the appropriateness of ...
Creative Escape In Isaiah Zagar's 'Magic Garden' - The BulletinMidday sunlight dances through green and blue bottles reflected in shattered bits of mirror and the eyes of abstractly painted people. The view of twisted bicycle wheels cemented to cracked Peruvian pottery gives an upside down mermaid cause to pause ...
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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