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Marshall: Bailout bill painful, necessary - Macon Telegraph
U.S. Rep. Jim Marshall, D-Ga., said Monday that the nation's economy faces more uncertainty and a long road to recovery, but the rescue plan approved by Congress last week should ease the credit crunch and hopefully came in time to stave off a ...

Commentary: America can't go cold turkey on credit - CNN
U.S. Rep. Jim Marshall, a Democrat serving his third term in Congress, represents Georgia's 8th Congressional District. He serves on the House Armed Services and Agriculture Committees. Jim Marshall says he's put his career in the House on the line ...

top stories in Opinion - Wall Street Journal
1 of 10 In a September 1984 campaign speech, Walter Mondale, the Democratic presidential nominee and former vice president, asked, "Do you really want Jerry Falwell to pick the next two judges to the Supreme Court?" What reminded us of this was a ...

ANALYSIS-How low can U.S. grains go? - Forbes
CHICAGO (Reuters) - The sell-off in grains as part of a broader flight of investment money from commodities could continue through year's end due to the expanding credit crisis, with any global recession taking a bite out of demand. U.S. grain prices ...

State Treasurer and Local Business Owner React to Billion Dollar ... - KTVN.com
We'll be learning more about the government bailout plan in the coming days. But, how do local business owners feel aout the bill, just a couple of days after it passed in Congress? The government will be able to buy up to $700 billion in assets tied ...

Credit and Debt - Newsday
NEW YORK (AP) _ The jammed credit markets barely budged Monday as European governments scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage ...

Confiscate their wealth - Marshall Independent
The $700 billion bailout has nothing to do with middle class homes. 1. The collapse was not caused by home mortgages. The cost to bring every delinquent mortgage to par: $11 billion. The cost to restore every foreclosed home (two years): $60 billion ...

Candidates file finance forms - Sand Mountain Reporter
GUNTERSVILLE — All six candidates vying for seats in Tuesday’s Albertville City Council runoff elections filed their pre-election financial reports on time. The reports at the probate judge’s office are required by the state 10 to five days ...

Barack Obama and the Strategy of Manufactured Crisis - American Thinker
America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis , and if left to their own devices will do so again. Despite the mass media ...

Debt Effects - Metro News
It's about debt. Marshall University Vice President of Business and Economic Research Doctor Cal Kent says three kinds of debt have contributed to the current down turn in the economy. He says it's debt in mortgages, debt among consumers and debt ...

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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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