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News about Mortgages:
They Warned Us About the Mortgage Crisis - BusinessWeekby Robert Berner and Brian Grow More than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of ...
Real-estate agents, mortgage brokers hurting - Herald NewsMichael W. Johnson used to be in the mortgage business. Now, he's in foreclosure. The 49-year-old Bolingbrook resident said he made a six-figure income selling mortgages and investing in real estate before the bottom fell out of the market. Now, he's ...
Administration, Bankers Squelched Early Warnings About Mortgage Crisis - WTVFMore than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator. Sitting in the spacious Office of the Comptroller of the Currency, with its panoramic ...
William Mills Agency Providing Strategic Crisis Communications Counsel ... - ForbesWilliam Mills Agency, the largest independent public relations firm serving the financial and transactional technology services sectors, announced that it is now providing formal, strategic crisis communications services to financial institutions and ...
Monterra woes worsen - Thecalifornian.comOn the first business day after Monterra opened its much anticipated Sunset magazine Idea House to the public, a Salinas city employee retirement fund issued notices of default on 13 properties owned by the Mills family. "It looks rather dire for the ...
Salinas forecloses on 13 Monterra properties - Thecalifornian.comIt looks rather dire for the project,” said Jim Petralia, mortgage broker for the Salinas Trust Deeds Fund. “With all due respect to the Mills Family, we could be in a bankruptcy court asking the judge to accept notices of default in the near ...
Huynh now walks a red carpet - Edmonton JournalCarol Huynh has only been on a wrestling mat once since her gold-medal triumph in Beijing seven weeks ago -- and only for a photo shoot -- but the petite dynamo from Hazelton, B.C., still feels like her life has been as much a whirlwind as one of her ...
Some sound - Daily Local NewsR-V specializes in custom fabrication and machining, making equipment used in power plants, paper mills, pharmaceutical labs and more. It is — surprise — doing very well, even in this economy. "Business is very strong," said CEO Kirk Putt. "This ...
Libor Holds Central Banks Hostage as Credit Freezes (Update1) - BloombergOct. 9 (Bloomberg) -- Danilo Coronacion oversees 15 percent of global coconut oil production at CIIF Oil Mills Group in the Philippines. These days, he spends a lot of time worrying about events half a world away in London. The name of his pain ...
Libor Holds Central Banks Hostage as London Makes World Freeze - BloombergOct. 9 (Bloomberg) -- Danilo Coronacion oversees 15 percent of global coconut oil production at CIIF Oil Mills Group in the Philippines. These days, he spends a lot of time worrying about events half a world away in London. The name of his pain ...

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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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