Lexington Mortgage Rates and Information Online from competing Lenders

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Ventas Closes on Sale of Four Seniors Housing Assets to Benchmark - Earthtimes
CHICAGO - (Business Wire) Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) said today that it has closed on the sale of four seniors housing assets to affiliates of Benchmark Assisted Living (collectively, “Benchmark”) for an ...

Ky. bank sues investment firm over losses - WZTV.com
LEXINGTON, Ky. (AP) -- Kentucky's largest state-chartered bank has sued Merrill Lynch for $40 million over failed securities bought through the investment firm. Pikeville-based Community Trust Bank filed the suit in federal court on New Year's Eve ...

Obama adds efficiency watchdog for government spending - Los Angeles Times
President-elect Barack Obama announces Nancy Killefer to be his chief performance officer. Killefer will work with federal agencies to set performance standards and hold agency managers accountable for progress. Killefer is director of a management ...

House prices in metro area stabilizing - NorthJersey.com
Prices of homes sold in the New York area in October fell 7.5 percent over October 2007 while continuing to drop by record amounts elsewhere, according to the Standard & Poor's/Case-Shiller home price index released Tuesday. But in Bergen County, two ...

Public Notices - Columbia Star
1998 Harley Davidson Dyna 1HD1GHL10WY326926 Daryle Niehoff, 4110 Devine St, Cola, SC 29205 Conseco Finance, 332 Minnesota St, Ste 500, St. Paul, MN, 55101 Accrued Charges: $2610.00 1997 Chev Blazer 1GNCS13W4VK121887 Jessie or Marcella Townsend, 5445 ...

Credit crunch shows little sign of easing - Christian Science Monitor
In the aftermath of a historic lending boom, a key challenge for America in 2009 is to find the right footing on debt – allowing the credit bubble to deflate while not depriving the economy of needed fuel. Seeking the right balance is a difficult ...

More Americans live within their means - Galveston County Daily News
By choice or by force, more U.S. consumers are doing something that seems almost un-American — embracing frugality and living within their means. Maybe it’s a backlash to the excesses, the fast-and-loose mortgage lending and unabashed greed that ...

CBJ: Property Transfers & Building Permits - Daily Progress
NOV. 3 l Cecil, Donald R to Cecil, William Brian, lot 46 Virginia Avenue, gift. l Orlick, Jeffrey T to Brennan, Andrew, parcel on Locust Avenue, $439,200. l Federal National Mortgage Association to Amtrust Bank, lot 66L block A Orangedale, by deed of ...

Despite investigations, DiMasi reelected House speaker - Boston Globe
House members overwhelmingly reelected Salvatore F. DiMasi speaker this morning in a voice vote, giving the North End Democrat a third two-year term despite a series of ethics investigations. The vote by the Democratic caucus occurred in the Gardner ...

Some Forecasters See a Fast Economic Recovery - Gainesville Sun
Economics as the dismal science? Not in some quarters. Click to enlarge Leaders of a New York campaign to help the jobless in 1932. The unemployment rate is expected to peak at 8 or 9 percent. The New York Times In the midst of the deepest recession ...

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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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