West Townsend Mortgage Rates and Information Online from competing Lenders

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Financial News
Wachovia has $23.9 billion loss on writeoff, mortgages - Washington Post
NEW YORK (Reuters) - Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big ...

Wachovia has $23.9 bln loss on writeoff, mortgages - Guardian Unlimited
NEW YORK, Oct 22 (Reuters) - Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires ...

CBJ: Property Transfers & Building Permits - Daily Progress
The information in Property Transfers is compiled from documents in the offices of the clerks of the circuit courts in Charlottesville and Albemarle County. The information in Building Permits is compiled from documents in the inspections offices in ...

Bank rescue came too late for Wachovia - WCNC
CHARLOTTE, N.C. -- A day after the federal government laid out a sweeping plan to buy into the country's banks, a top regulator said Tuesday that Wachovia might have been saved as a stand-alone bank if the government had acted sooner. The latest plan ...

For veterans - Milford Cabinet
• Nov. 1: Time to start gathering names and wish lists for Christmas shopping for the Tilton VA Home. The public will again be asked to participate. It is anticipated we will be able to fill the needs of 30 veterans. • Nov. 4: Election Day ...

Posted by Andrew Feldman - ESPN.com
On the very first hand after the break, Peter Eastgate finished off Ivan Demidov. Eastgate hit the wheel on the turn and induced an all-in bet from Demidov, who held two pair. An insta-call later, Eastgate was celebrating with his supporters and ...

Flathead and Glacier Volleyball Head to State - Flathead Beacon
The Glacier Lady Wolfpack enter this week’s Class AA state volleyball tournament riding a five-game conference winning streak and claiming the No. 3 seed. The Flathead Braves head into the tournament as a decided underdog against three-time ...

Developers Continue Cash for Council Race Favorites - Berkeley Daily Planet
Development-related contributions continue to pour into the coffers of candidates for next week’s Berkeley city council election, with Mayor Tom Bates in the lead both in total and sector-related contributions. MAYORAL RACE Tom Bates Mayor Tom ...

Wachovia eyed $5B investment from Buffett - The State
As dangers in the financial world increased in recent weeks, Wachovia chief executive Bob Steel said Wednesday that he either needed to find a big investor or a merger partner, instead of going it alone. The Observer has learned that one of those ...

Enough postseason, let's get to Peavy - Atlanta Journal Constitution
The entry titled "Enough postseason, let's get to Peavy," and any of the comments about it. So I’m getting the distinct impression that most of you on the Braves/MIB blog would like to be done already with this postseason so we can get on to ...

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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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