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News about Mortgages:
Slowly, mortgage help comes - Buffalo NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ...
Hunter's backpack brings versatility, enjoyment and safety to a day in ... - Pittsburgh Post-GazetteRemember the Boy Scout motto "Be prepared"? Above, Post-Gazette outdoors writer Ben Moyer with some of the items he carries in his deer backpack. Maybe it's climate change; maybe random chance. Whatever the reason, Pennsylvania's deer season in ...
Adviser says Fred Thompson plans return to acting - Las Vegas SunFormer U.S. Sen. Fred Thompson is going back to the small screen after his foray into Republican presidential politics over the last year. Thompson, best known on TV for his role as a gruff district attorney on NBC's "Law & Order," dropped out of the ...
Wachovia, Golden West Investigated by Prosecutors, Regulators - BloombergNov. 20 (Bloomberg) -- U.S. prosecutors and the Securities and Exchange Commission are investigating Wachovia Corp. 's mortgage lending and disclosures to investors, U.S. Attorney Joseph Russoniello said. Prosecutors are examining whether Golden West ...
Wachovia, Golden West Loans Probed by U.S. Prosecutor (Update1) - BloombergNov. 19 (Bloomberg) -- U.S. prosecutors and the Securities and Exchange Commission opened an investigation into whether Wachovia Corp. misled borrowers and investors, San Francisco U.S. Attorney Joseph Russoniello said. Prosecutors are examining ...
Thompson, No. 1 Tar Heels roll past Kentucky 77-58 - Buffalo NewsDeon Thompson scored a career-high 20 points to help top-ranked North Carolina beat Kentucky 77-58 on Tuesday night despite playing yet again without national player of the year Tyler Hansbrough. Wayne Ellington had 16 points for the Tar Heels (2-0 ...
Home prices, sales fall - Union-News & Sunday RepublicanSPRINGFIELD - Both the median price paid for a home in the Pioneer Valley and the number of homes sold fell last month, compared with October a year ago. "We're seeing the same story," said Susan M. Renfrew of Renfrew Real Estate in Greenfield. "I ...
Homes all locked up as banks close ranks - New Zealand HeraldNew home buyers are facing high borrowing barriers despite falling interest rates as the credit crisis breaks loose on the nation's real economy. The Commonwealth Bank of Australia became the latest of the primary Australian banks to announce the end ...
Real estate prices, number of home sales, fall in October in Pioneer ... - Union-News & Sunday RepublicanSPRINGFIELD - Both the median price paid for a home in the Pioneer Valley and the number of homes sold fell last month compared with October a year ago. "We're seeing the same story," said Susan M. Renfrew, of Renfrew Real Estate in Greenfield. "I ...
CBJ: Property Transfers & Building Permits - Daily Progressl Van Yahres, Elizabeth F to Dreyfus, Rhoda M., trustee, unit 207A McGuffey Hill Condominium, $600,000. l Tucker, William D., III to Rosenblatt, Joshua R., parcel on Cleveland Avenue, $179,900. l CBD LLC to Cruz, Victoriano Lopez, lot 16 Roy’s ...
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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