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National City properly denied money, Paulson says - Cleveland Plain Dealer BlogEvan Vucci/Associated Press Treasury Secretary Henry Paulson, left, testifies before the House Financial Services Committee this morning. Federal Reserve Chairman Ben Bernanke is beside him. Updated 11:55 a.m. U.S. Treasury Secretary Henry Paulson ...
Business Minute: Dow gains 151...Automakers' appeal...Builders in a ... - Idaho8.comNEW YORK (AP) - The market rebounded from session lows, giving the Dow a gain of 151 points. The S&P rose 8 points, while the Nasdaq was up a single point. WASHINGTON (AP) - Detroit's Big Three automakers are pleading with Congress for a $25 billion ...
Stocks open lower on more economic woes - Kansas City StarThe selling on Wall Street continued Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors ...
Deflation fears grow as Dow sinks below 8,000 - Buffalo NewsWASHINGTON -- A growing fear of economic deflation helped take the air out of the U.S. stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...
Stocks fluctuate on more economic news - Kansas City StarWall Street fluctuated Monday as investors digested more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points, investors found little ...
Stocks finish lower as recession worries deepen - Sioux City JournalNEW YORK - Wall Street finished sharply lower Monday as investors pored over more signs of economic weakness, including a huge round of layoffs in the financial sector. After a turbulent week that sent the Dow Jones industrials down nearly 340 points ...
Japan's Envoy To US Supports Dollar As Main Reserve Currency - FXStreet.comNEW YORK -(Dow Jones)- Japanese Ambassador to the U.S. Ichiro Fujisaki said Monday that amid the global economic crisis, those calling for the end of the dollar as the world's main reserve currency are "wrong." Now is not the time to be abandoning ...
World leaders to face off on financial fixes - Tri-City HeraldWASHINGTON With economic damage piling ever higher, President George W. Bush and other world leaders are gathering to explore options for relief and to work on ways to prevent similar credit and financial calamities from happening again. It's a tall ...
New alarm over economy as retail sales plummet - Sioux City JournalWASHINGTON - The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. Confronting opposition ...
Market's Fall Deepens as Concerns Mount on Banks - Wall Street JournalThe stock market's brutal fall reached a new landmark Thursday as the broad Standard & Poor's 500-stock index breached its low from the last bear market and landed back where it was in the spring of 1997, marking a 52% decline from its peak ...
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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