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News about Mortgages:
Less Pain At The Pump - Wheeling News-RegisterWHEELING - Motorists filling their gas tanks at a South Wheeling station Thursday said they were happy to be experiencing less pain at the pump - and they hope it stays that way. Wheeling resident Dale Seidler was taking advantage of Schmidt Bros ...
Ohio revokes licenses of mortgage firm, brokers - Toledo BladeCOLUMBUS — The Ohio Department of Commerce Division of Financial Institutions has revoked the mortgage licenses of a Findlay company and two mortgage brokers in Toledo. The mortgage license of National Freedom Mortgage LLC was revoked by the ...
Licking County man sent to prison for mortgage scam - The Columbus DispatchNEWARK, Ohio -- A Licking County man was sentenced this morning to four and a half years in prison for running a large-scale mortgage scam. Harry Blausey, 67, of Newark, was indicted in March after more than 14 people said they signed the deeds of ...
Paulson says bailout not for mortgage guarantees - Columbus TelegramWASHINGTON - Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben Bernanke ...
People in business - Memphis Commercial AppealRalph McNeely has joined Magna Bank’s Quail Hollow office, and Bill Brown has joined Magna Bank’s Bartlett mortgage office. Drew Nadler and Allen Parker , financial advisers with Shoemaker Financial in Franklin, Tenn., have passed their FINRA ...
Supervisor for CMHA resigns amid criticism - Columbus DispatchA supervisor at the Columbus Metropolitan Housing Authority who vouched for a convicted mortgage scammer has resigned. Bob Goins, an inspections supervisor for the housing authority, wrote a letter to a judge urging leniency for Donald F. Green ...
Investor fear remains deep despite 1-day rally - Columbus TelegramNEW YORK - Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession. Even after a late-day rally on ...
Two on trial in fraudulent-mortgage scheme - Columbus DispatchA man described as the architect of a local mortgage-fraud scheme and an appraiser who worked with him began answering to charges yesterday that their greed led families into financial ruin. Jonathan L. Boyd and James D. Gaither are on trial in U.S ...
'Mega-mortgages' out as lenders cap loans - This is Money'Mega-mortgages' of the type that allowed Tony and Cherie Blair to buy their £3.65m London townhouse with a 5% deposit have vanished, as lenders rush to cap loans for the richest buyers. Simon Jones of broker Savills Private Finance said: ' Variable ...
Bradford County Property Transactions - Daily Review & Sunday ReviewThe following property transactions were recorded recently at the Bradford County Courthouse. Alfred Finnerty, Alfred A. Finnerty (AKA) and Beverly Finnerty, Beverly J. Finnerty (AKA) to Commonwealth of Pennsylvania Department of Transportation of ...
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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