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Pirates Lose to Devils 5-1 - OurSports CentralPortland, ME - The Pirates suffered their fifth straight loss by a score of 5-1 to the Lowell Devils. Lowell came out with all the jump in the first period and grabbed a 3-0 lead, leaving Portland trying to fight back throughout the game. The Devils ...
Pirates Lose 4-3 Against Sharks - OurSports CentralPortland, ME - The Pirates fell for the third straight time, 4-3 at home against the Worcester Sharks. Portland made two comeback bids in the third period from two goals down, but could not get the game tied in the closing minutes. The Pirates ...
Asian economies stumble and U.S. faces retail test - Portland TribuneNEW YORK (Reuters) - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country's ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis. Fighting wore on ...
A variety of news around Oregon and the Northwest - Ashland Daily TidingsSALEM — Oregon’s discretionary budget pie for the next biennium is worth about $16.1 billion, and on Monday Oregonians will get a better idea of who gets a slice and who gets sliced. Gov. Ted Kulongoski will announce his proposed state budget for ...
Yamhill County property foreclosure rate soaring - News RegisterEditor's Note: A reporter's misunderstanding resulted in mis-statement of the actual number of foreclosures in this story, although the rate of foreclosures has increased as reported. That error is discussed by the reporter in a comment at the end of ...
Retail sales soar past expectations - Globe and MailMike G from Canada writes: If everyone just minds their own business and stop talking doom and gloom, things would get better. North Amercian economies are consumer driven. As consumer confidence goes down, there goes the economy. If the house prices ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
From the police report... - Spokane Spokesman-ReviewState Rep. Geoff Simpson, D-Covington, was arrested Sunday afternon on charges of fourth degree assault and interfering with reporting of domestic violence. He says -- see below -- that the charges are baseless and that he'll be exonerated. In ...
Lower demand sinks lobstermen - Philadelphia InquirerPORTLAND, Maine - The price of Maine lobster, which accounts for 80 percent of the U.S. catch, is tanking. The primary factor, a drop-off in demand by penny-pinching diners, has been in place since summer. But a secondary problem recently surfaced ...
Choose Another City: - New Mexico Business WeeklyDon't miss an article about Thornburg Mortgage Asset Corp. Start getting your FREE email alerts today!
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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