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Smith Wins County Commission Dist. 3 GOP Primary - The LedgerBARTOW | Republican Ed Smith will carry his party’s banner into the Nov. 4 general election for a chance to fill the District 3 Polk County Commission seat being vacated by Jack Myers because of term limits. Smith won Tuesday’s primary contest ...
Susan Garrett - Chicago TribuneRSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. Gov. Rod Blagojevich on Tuesday trumpeted signing a ...
Citigroup, Promise to Ally on Japan Consumer Lending (Update2) - BloombergAug. 28 (Bloomberg) -- Citigroup Inc.'s Japanese consumer finance arm plans to transfer new client loans to a unit of Promise Co. as it scales back consumer lending in the country, two Citigroup officials familiar with the plan said. Citigroup's CFJ ...
Bank avoided toxic loans, not pain - USA TodaySALT LAKE CITY — What happens on Wall Street doesn't stay on Wall Street. Just ask Harris Simmons, CEO of Zions Bancorp. During the past 12 months, the implosion of the mortgage-backed securities market has blasted holes in the balance sheets of ...
U.S. Stocks Rally as Economic Growth Tops Estimates; Banks Gain - BloombergAug. 28 (Bloomberg) -- U.S. stocks climbed the most in three weeks, led by manufacturers and financial companies, after growth in exports helped the economy expand faster than estimated in the second quarter. American International Group Inc ...
Fannie, Freddie and the Low-Risk-Investment Myth - Wall Street JournalThe fates of Fannie Mae and Freddie Mac reportedly hang over meetings of the Federal Reserve . As the government considers its options for the two mortgage giants–nationalization, restructuring or just plain nothing–it is becoming clear that ...
Portland water line work to begin - Observer TodayPORTLAND - After countless delays, a water line to the new Cornell Lake Erie Experimental Laboratory being constructed on Route 20 in Portland will finally become a reality. At a special meeting Thursday, the Portland Town Board approved the low bid ...
Police Blotter - Salina JournalCIVIL JUDGMENTS -- Court grants Red Rock Lake Financial payment of more than $17,900 from Dale A. Sparks for credit card debt. n Court sets aside judgment against Charles B. Betterley and Lori M. Betterley on a mortgage foreclosure at request of ...
Aluminum maker unlikely to move to Vancouver, Wash. - Seattle TimesThe aluminum-fencing and bike-frame maker that earlier this year considered a move to the Port of Vancouver will probably not bring 800 jobs to Clark County, those familiar with the business confirmed on Monday. "The economics make it less likely ...
Mo. laws allow big donors, target drunken boaters - ForbesMissouri politicians may soon be awash with money. Boaters, however, may need to think twice before washing down another beer. A new law taking effect Thursday in Missouri will repeal the state's campaign contribution limits, allowing candidates 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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