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Ray Ratto - San Francisco Gate
(10-23) 19:30 PDT Oakland -- Some people heard Lew Wolff tell reporters Monday night that the A's are finished in Oakland no matter what happens with the Fremont stadium plan and thought, "Oh my God, the A's are finished in Oakland!" Well, that's ...

Bradford & Bingley insists it is safe as credit rating falls - Times Online
Falling house prices and the seizure in the mortgage market have heightened fears that Bradford & Bingley could be the next bank in trouble. Its shares slid by more than 3 per cent to a record low of 29p yesterday. Last summer they were changing ...

Business Briefs - Herald News
Will County Center for Community Concerns is offering a Pre-Purchase/Home Buyers Education class at no charge. Classes are taught by HUD housing counselors and cover subjects regarding basic budgeting and credit, affordability, new expenses with ...

August Illinois Home Sales Down 4.6 Percent from July - MSN MoneyCentral
SPRINGFIELD, Ill. , Sept. 24 /PRNewswire/ -- According to the Illinois Association of REALTORS(R) latest report, August total home sales (which include single-family and condominiums) were down 4.6 percent in August 2008 to 10,601 sales compared to ...

Clint Black To Perform Concert In Winchester - Grundy County Herald
Franklin County has had the honor of hosting several benefit concerts in the past few years featuring super stars Lee Greenwood and Collin Raye and now, coming just around the corner, on Saturday, September 27 at 7:30 p.m., country music star Clint ...

Court Reports - Morris Daily Herald
The marriage of Sherry Lynn Schultz, 31, 303 Pine, Gardner, and Joseph Schultz, 31, 303 Pine, Gardner, was dissolved due to irreconcilable differences. The marriage of Trent Gautschy, 37, Braceville, and Angela Gautschy, 36, Essex, was dissolved due ...

Unsung Heroes Foundation Is Brainchild Of Local Pair - Herald Chronicle
Franklin County has had the honor of hosting several benefit concerts in the past few years featuring super stars Lee Greenwood and Collin Raye and now, coming just around the corner, on Saturday, Sept. 27 at 7:30 p.m., beloved Country music star ...

Floodwaters Receding, But Still Bringing Misery - CBS 2 Chicago
DES PLAINES, Ill. (CBS) ― City officials say three days of rain dumped more than 100 billion gallons of water on the city and outlying areas. Thousands across the Chicago area remain unable to return home, and several communities are without ...

Governor announces flood allocations - Des Moines Register
Iowa flood victims will soon be able to apply for housing and business relief money from a new "Jumpstart" program. Gov. Chet Culver on Monday announced how a $40 million Jumpstart Iowa Recovery Initiative package will be divided up. Hardest-hit ...

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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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