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EU, Australia toast new wine deal - Lexington Herald-LeaderBRUSSELS, Belgium -- The European Union and Australia signed an agreement Monday that will protect such European names as "Champagne" in Australia while further opening European markets to wines from Down Under. The deal will give geographical ...
More Business - San Francisco Gate"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...
Layoffs coming in rapid succession as perfect storm hits NASCAR - ESPN.comCONCORD, N.C. -- The warm South Florida sun was a welcome change from the morgue-like atmosphere at Dale Earnhardt Inc. when Dave Kwasniak and Chris Hamilton arrived at Homestead-Miami Speedway last Friday. They were focused on helping Regan Smith ...
Richard W Dionne Jr - East BayTIVERTON — After 123 years at 331 Main Road, North Tiverton Baptist Church is moving to a new home a short distance up the road at the corner of Judson and Main Roads. In celebration of the historic moment, the church is holding a Dedication ...
Running on empty - Business Courier'There are some great deals … if you have cash or the wherewithal to get a loan.’ Tom Singer at an Indian Hill home Ben Wilcoxson has worked both sides of the housing bubble. Prices were rising when the young Realtor broke into the business in ...
Grim data crush 5-day stock rally - Los Angeles TimesTraders grapple with a troubling day on the floor of the New York Stock Exchange. New evidence of a softening global economy sends the Dow tumbling 679 points. Manufacturing activity hits a 26-year low. Reporting from New York -- The only thing Wall ...
FINANCE: Bailout billions not making loans easier to find - North County TimesThe U.S. government has pumped billions of dollars into the nation's banking system, yet borrowing money remains an obstacle for some consumers, mortgage brokers said last week. The two behemoths that oversee the nation's finances, the Federal ...
PROPERTY TRANSFERS: Nov. 17- 22, 2008 - Glasgow Daily TimesAubrey H. Carver, Aubrey Wayne Carver and Mae Dean Carver, 11.17 acres on Capitol Hill Road, to Aubrey Wayne Carver and Mae Dean Carver. David and Diana Saylor, 2 tracts on Bluff Springs Road, to Donny D. Wright, $76. Carla W. Allen, Master ...
Emergency rescue for mortgage defaulters - Times OnlineHomeowners who lose their jobs or suffer a severe drop in earnings are to be allowed to defer their mortgage interest payments for up to two years, Gordon Brown announced yesterday. The emergency state guarantee will help people on upper and middle ...
Site Presented By - SalonEconomists were anticipating a bad jobs report for November, but the new numbers, by any standard, are shocking. The Department of Labor reported that non-farm payrolls in the U.S. declined by 533,000 in November. That would make 1.2 million jobs ...
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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