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News about Mortgages:
Investors seek houses in bulk - RecordIn a hot foreclosure sales market, the latest trend taking shape is investors bundling their cash to buy bundles of homes. They want to either mass cherry-pick the market or buy at discount from a bank, wholesaler or mortgage company. Stockton real ...
California median home price drops 34 percent - ForbesDespite an increasingly uncertain economy, homebuyers in California kept snatching up foreclosed homes last month, dragging down the median home price by 34 percent from a year ago, a real estate tracking firm said Thursday. The statewide median home ...
NorCal median home price plummets 41 percent - Monterey County HeraldLOS ANGELES (AP) — Despite an increasingly uncertain economy, thousands of homebuyers around San Francisco Bay kept snatching up foreclosed homes last month, dragging down the median home price by 41 percent from a year ago, a real estate tracking ...
County median home prices plummet; north Salinas prices nearly halved - Thecalifornian.comDespite an increasingly uncertain economy, thousands of homebuyers around San Francisco Bay kept snatching up foreclosed homes last month, dragging down the median home price by 41 percent from a year ago, a real estate tracking firm said Thursday ...
Latest News - dBusinessNews.comWinter Edition of Triad Living on Newsstands Next Week TRIAD – The winter 2008 edition of InterMarket Media’s Triad ... Borrow Smart University Grads to use LinkedIn Group to Increase Power of the Network Chapel Hill, NC – November 20, 2008 ...
News from Friday, November 21 - Santa Rosa Press DemocratGauchos nearly flawless in playoff opener 4 hrs ago Casa Grande's mean green machine rolls over Concord 4 hrs ago Cal runs circles around No. 2 Rutgers 4 hrs ago Mortgage rates drop for 3rd week 4 hrs ago Rookie Rose takes over vs. Warriors 4 hrs ago ...
Subdivision section is foreclosed - Pahrump Valley TimesA distressing number of properties continues to be sold for foreclosure in Nye County, but this one caught the eye of a women who calls out the trustee sales at the flagpole in front of the county courthouse in Tonopah. A legal notice that took up a ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The latest grim housing statistic comes today from RealtyTrac. The California firm reported Thursday that nationwide foreclosures surged 25% in ...
Chubby son held in drugs swoop - The SunCOMIC Roy “Chubby” Brown’s son has been arrested in a massive blitz on drug smuggling. Martin Reilly, 35, was among 31 people held in a series of dawn raids by scores of cops across England. It followed a 2½-year investigation into ...
The New ‘F’ Word - Global NationWhat do the cities of Vallejo, Daly City, Stockton and Las Vegas have in common? Aside from each being home to a Jollibee Filipino fast-food restaurant, all have large Filipino populations and the highest foreclosure rates in the US. The dirtiest ...
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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