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US Government seizes control of mortgage giants - Sioux City JournalWASHINGTON - The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy. Treasury Secretary Henry ...
Officials announce takeover of mortgage giants - Sioux City JournalWASHINGTON - The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. Officials announced that the executives of ...
Artist Robert Ruf paints to donate - Argus LeaderA vacant store front at The Empire Mall will become an art gallery for military officer-turned-artist Robert Ruf. Ruf, who has a tie-dye, geometric style, will use the space in the JC Penney wing to sell his paintings from $1 to thousands of dollars ...
GMAC closes offices in Waterloo, Cedar Falls - KTIVWATERLOO, Iowa (AP) - Lender GMAC has closed its retail offices in Cedar Falls and Waterloo, eliminating 27 jobs. The cuts are part of a nationwide reduction for the company, which is eliminating about 3,000 jobs across the country. The Waterloo and ...
BUSINESS NEWS - Patriot-NewsSEATTLE (AP) — Despite a 48-hour contract extension, negotiations between Boeing Co. and Machinists union officials have failed and the union declared: "The strike is on!" • Government may soon back troubled mortgage giants 9/6/2008, 4:48 a.m. ET ...
AP BUSINESS NEWS - Ann Arbor News• List of medications with potential safety problems 9/5/2008, 5:01 p.m. EDT SEATTLE (AP) — Despite a 48-hour contract extension, negotiations between Boeing Co. and Machinists union officials have failed and the union declared: "The strike is on ...
Hoeven says Palin was good choice for vice president - Bismarck TribuneGov. John Hoeven was surprised that Republican John McCain chose Alaska Gov. Sarah Palin as his running mate. So was Attorney General Wayne Stenehjem, who is McCain's North Dakota campaign chairman. However, Hoeven and Stenehjem said Friday they ...
Doctors Support Universal Health Care: Survey - Common DreamsWASHINGTON - More than half of U.S. doctors now favor switching to a national health care plan and fewer than a third oppose the idea, according to a survey published on Monday. The survey suggests that opinions have changed substantially since the ...
The Hypocrisy and Danger of Anti-China Demonstrations - Common DreamsWe hear that Tibetans suffer "demographic aggression" and "cultural genocide". But we do not hear those terms applied to Spanish and French policies toward the Basque minority. We do not hear those terms applied to the US annexation of the Kingdom of ...
Coming Soon: SR to Release E-mail Exchanges ... (Not so fast...) - Spokane Spokesman-ReviewOf the 50 messages, a few have explicit photos embedded in the message. We can't publish those photos (one shows a toddler's penis). We also have a strong ethical policy against blurring or otherwise manipulating photos. Some of the messages are ...

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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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