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News about Mortgages:
Durango passes inclusionary zoning law - Steamboat Pilot & TodayDurango — The Durango City Council adopted its first official affordable-housing policy Tuesday night by passing the Fair Share Housing inclusionary zoning regulations by a 3-2 vote. Councilors Michael Rendon, Scott Graham and Leigh Meigs voted in ...
Deed transfers for the Dec. 1-28 edition - Star-BannerWarranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...
FORECLOSURE: for 22 months, Nevadans have faced worst of national ... - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Sponsored by: - Reno GazetteAs of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...
From small town to boom town - Austin American-StatesmanAt least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander. In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and ...
Weep for Woolies - bbcThe manner of Woolworth's demise as a going concern was almost as shocking as the fact of its collapse into administration. Although Woolworth had been one of the UK's weaker retailers for years - propped up by a decade of benign, debt-fuelled ...
LATEST POLITICS VIDEOS - CNBCInsight on the state of states, with Gov. Mark Sanford, (R-SC); Gov. Jim Doyle, (D-WI); and CNBC's Larry Kudlow. [ FRE Loading... ( ) ] together hold or back half of the nation's mortgage debt, and have played an increasingly important ...
NASCAR waves red flag amid ailing economy - FOXSports.comWith financial firestorms clouding the world economy, the money problems in NASCAR are so dire that Teresa Earnhardt has agreed to merge Dale Earnhardt Inc. with Chip Ganassi Racing. The move last week came a year after she rejected stepson Dale ...
More battleground than common ground in House District 9 race - St. Petersburg TimesIncumbent Republican U.S. Rep. Gus Bilirakis and his Democrat opponent, William "Bill'' Mitchell, both are lawyers passionate about veterans' affairs. But that's pretty much where their similarities end. The two disagree on nearly every major issue ...
Lehman Good-for-Retirement Notes Worth Pennies for UBS Clients - BloombergNov. 3 (Bloomberg) -- UBS AG, Switzerland's largest bank, faces dozens of claims in the U.S. from clients who bought ``100 percent principal protected notes'' issued by Lehman Brothers Holdings Inc. that are now almost worthless. Six attorneys hired ...
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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