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9:43 a.m. Hood-Bankruptcy - Meridian StarJACKSON, Miss. (AP) — Mississippi's attorney general has joined with his counterparts in several other states to urge Congress to amend U.S. bankruptcy law to allow federal bankruptcy courts to protect families from foreclosure. Attorney General ...
Overdue Thrift Imperils Recovery Hopes - Smart MoneyBOISE, Idaho (Dow Jones) -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns ...
Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic ... - Wall Street JournalBOISE, Idaho -- Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped taking their two children to restaurants. Jessica and Alan Muir have started buying children's clothes at steep markdowns, splitting ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. With a much-anticipated employment report on the way, the stock market has been unusually calm Thursday. In fact, it seems that for a second ...
Jim Walter Homes to close branches, including one in Alexandria - Alexandria Daily Town TalkWalter Industries, Inc. today announced the closure of Jim Walter Homes, including a branch in Alexandria, according to PRNewswire-FirstCall. Jim Walter Homes built more than 350,000 homes during its history, but has not been profitable in several ...
AAM announces 30th annual convention in Oklahoma City Jan. 9 to 11 - High Plains JournalLarry Matlack, President of the American Agriculture Movement, has announced that the organization will hold its 30th annual convention in Oklahoma City Jan. 9 to 11. AAM will focus on the agricultural economy and renewable energy as a path to ...
Walter Industries, Inc. Announces Closure of Jim Walter Homes - PR NewswireTAMPA, Fla., Jan. 6 /PRNewswire-FirstCall/ -- Walter Industries, Inc. (NYSE: WLT) announced today the closure of its Jim Walter Homes subsidiary. Jim Walter Homes built more than 350,000 homes during its history, but has not been profitable in ...
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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