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My Turn: Fund schools to bail out economy - Burlington Free Press
Proposals to halt the slide into recession include: 1) Pumping federal money into failing banks and financial institutions; 2) Getting federal money into the hands of folks who are defaulting on mortgage payments; 3) Funding banks with federal monies ...

End the Fed – End Wall Street Bankster Rule - End the Derivatives ... - OpEdNews.com
The November 22 “End the Fed” rallies raise a vital issue: it is past time to abolish the unconstitutional, illegal, and failed institution known as the Federal Reserve System, the privately owned central bank which has been looting and wrecking ...

Real estate market slow to respond to gov't plan - BusinessWeek
By late Saturday afternoon, only three prospective homebuyers had visited the open house Valerie Morrill was hosting. The Prudential real estate agent recalled a year ago, she'd see 10 to 15 people during an open house in this midtown Kansas City ...

After the bailout: a need to reinvest in America - Seattle Times
With the Wall Street mortgage meltdown so massive its costs could reach toward $1 trillion, where's the economic plan to rebuild America's cities and infrastructure, to retool our businesses and people for a risky century? It seems totally missing in ...

Letter: Illegal immigrants shouldn't have driver's licenses - Worthington Daily Globe
Wolf Blitzer of CNN asked Barack Obama, “Do you plan to give illegal aliens driver’s licenses to those who want one, yes or no?” Obama responded, “Yes.” With a driver’s license an illegal alien can get government benefits, a mortgage ...

Retailers remain cautious about holiday sales - Fosters Daily Democrat
The Kittery Trading Post is cautiously optimistic that a combination of well-timed sales, festive events and customer loyalty will deliver a decent holiday shopping season. John Morrill, vice president of specialty sports and apparel, said the ...

Obama calls on Americans to support rescue plan - MLive.com
AP Photo Democratic presidential candidate Sen. Barack Obama speaks at a rally in front of Morrill Hall at the University of Nevada at Reno, Nev. on Tuesday. RENO, Nev. - Democratic presidential candidate Barack Obama on Tuesday called for Americans ...

Obama asks public to back rescue plan - The Washington Times
Democratic presidential candidate Sen. Barack Obama D-Ill., speaks at a rally in front of Morrill Hall at the University of Nevada at Reno in Reno, Nev. on Tuesday. Mr. Obama asked the crowd to get behind the bailout package, saying if Wall Street ...

Obama, McCain seek political gain in credit crisis - Herald & Review
Democratic presidential candidate Sen. Barack Obama D-Ill., speaks at a rally in front of Morrill Hall at the University of Nevada at Reno in Reno, Nev. Tuesday, Sept. 30, 2008. Obama called for Americans to get behind attempts to salvage a $700 ...

1992 Republican Party Platform - CNN
Abraham Lincoln, our first Republican president, expressed the philosophy that inspires Republicans to this day: "The legitimate object of government is to do for a community of people whatever they need to have done, but cannot do at all, or cannot ...

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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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