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News about Mortgages:
Record number of Americans behind on mortgage or in foreclosure - Wisconsin State JournalWASHINGTON -- A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association said Friday. But ...
U.S. to seize Fannie Mae, Freddie Mac - Wisconsin State JournalWASHINGTON — The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...
Kilroy, Stivers trade potshots - The Columbus DispatchOne of the most competitive and closely watched congressional races in the country is heating up as two candidates try to define themselves and each other. Much is at stake for the candidates seeking to represent the 15th District, but much more is ...
Consider this before buying a house for a student - News-DemocratRising college costs are causing some parents to consider an alternate housing plan for their students: They're bypassing the dorm and off-campus apartments in favor of purchasing a condominium or single-family home. In some cases, it might be not a ...
Government poised to seize mortgage giants - Chippewa HeraldWASHINGTON -- The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...
REAL ESTATE - News-Democrat• 1917 Promenade Lane; from American Heritage Homes; to Chase Alexander Mercer; $162,000. • 802 Union Ave.; from Patricia A. Houglan; to Larry Houghlan and Pamela Houghlan; $90,000. • 600 S. High St.; from Michael B. McKenzie and Jean M ...
The escalating breakdown of urban society across the US - Guardian UnlimitedA scene from HBO's The Wire, which is set in Baltimore Baltimore - it's been an ordinary week in Maryland's largest city. The August heat broke and one can nearly sleep with a window open; the Orioles are again down in the cellar in the American ...
Meyer, Bauknecht vie for treasurer's position - Antigo Daily JournalThe retirement of longtime treasurer Janice Burkhart has left a vacancy in the way Langlade County does business. Burkhart served in the position for 26 years and with her impending departure at the close of this year, two individuals have stepped up ...
September August July June May April March February January 2007 - Nypress.comThe hair bands of yesterday—Motley Crue, Poison, Whitesnake—ain’t got nothing on the biblically voluminous locks of Devendra Banhart and his posse of fabulously furry freak brothers, aka Spiritual Bonerz (at least for Thursday night's ...
Southern women (and men) know Palin - Atlanta Journal ConstitutionSouthern women — and the men who love them — will identify instantly with Alaska Gov. Sarah Palin. Her speech last night was brutally effective. Democrats do not know how to react today. They’re stumbling all over the place trying to construct ...

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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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