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Wells Fargo Agrees to Acquire Citibank Customer Relationships in ... - PR NewswireRENO, Nev., April 15 /PRNewswire/ -- Wells Fargo Bank, N.A., a subsidiary of Wells Fargo & Company NYSE: WFC, and Citibank, N.A., a subsidiary of Citigroup Inc. NYSE: C, said today they have signed a definitive agreement for Wells Fargo to acquire ...
Jackson Hewitt Comments on Passage of New AMT Bill That Saves More ... - PR NewswirePARSIPPANY, N.J., Dec. 19 /PRNewswire-FirstCall/ -- After months of debate, Congress has passed a new Alternative Minimum Tax (AMT) bill. The new legislation, (bill # 352-64), contains a highly anticipated fix or 'patch' for the Alternative Minimum ...
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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