Champion Mortgage Rates and Information Online from competing Lenders

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Tattle: Larry Flynt & Joe Francis want U.S. bailoutin these 'hard ... - Philadelphia Daily News
IF BANKS CAN get a bailout and mortgage companies can get a bailout and auto manufacturers can get a bailout, why not companies that provide adult entertainment? That's what Joe Francis ("Girls Gone Wild") and Larry Flynt ("Hustler") want to know ...

Builders hammer home call for aid - Politico.com
Battle metaphors about the legislative process may be cliché, but Jerry Howard used them passionately Wednesday as he readied about 80 home builders from across the country who were headed toward Capitol Hill for a day of lobbying. Howard, chief ...

Family scrambles after eviction from public housing - New London Day
Michael Hodges and his family are staying at the Red Roof Inn in New London, having been evicted from their apartment in public housing this week. A woman who works at the front desk at the Colman Street motel took up a collection among her friends ...

FDIC's Bair Gets Nod to Stay, Address Housing Mess - Wall Street Journal
WASHINGTON -- The Obama administration intends to keep Federal Deposit Insurance Corp. Chairman Sheila Bair in her post, extending the tenure of one of the government's most provocative and confrontational figures during the banking crisis. Ms. Bair ...

CGM’s Heebner, Fidelity’s Lange Falter as Markets Claim Victims - Bloomberg
Jan. 5 (Bloomberg) -- Kenneth Heebner’s CGM Focus Fund , the industry’s top performer in 2007, dropped 48 percent last year as the worst market for stocks in seven decades humbled the best- known managers. Harry Lange’s Fidelity Magellan Fund ...

Crash injures All-WNY football star - Buffalo News
Deshanaro D. Morris, a key player on the state champion Sweet Home High School varsity football team, has been unable to walk or move his legs since a traffic accident Wednesday in Amherst. Deshanaro, a 16-year-old junior from west Amherst, was ...

Fabulous fib is named Wis. club's top lie of 2008 - Buffalo News
A whopper about a devious baby and his diapers is the top lie of 2008, an organization of champion fibbers declared Monday. The Burlington Liars Club bestowed its top award for this line: "My grandson is the most persuasive liar I have ever met. By ...

Homebuilders push for spot in stimulus - Politico.com
Battle metaphors about the legislative process may be cliché, but Jerry Howard used them passionately Wednesday as he readied about 80 homebuilders from across the country headed toward Capitol Hill for a day of lobbying. Howard, chief executive of ...

2008, Year Of The Bailout - Washington Examiner
Not too long ago, in fact, at the beginning of 2008, the U.S. had a reputation as a free-market economy in which businesses rose and fell of their own strengths or flaws and to their own profit or loss. But 2008 changed all that. Too be more precise ...

2008 clobbered San Antonio stocks - San Antonio Express News
KB Home continues to retrench in S.A. market Historic platinum Investor group agrees to buy failed IndyMac Wall Street enjoys upbeat start to 2009 How bad was it? Automakersto find out soon The reality of home Solar panel sales brighten otherwise ...

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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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