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News about Mortgages:
Mortgage Meltdown Puts Renters At Risk, Too - kptv.comLEBANON, Ore. -- Renting a home may seem like the best way to avoid the national mortgage meltdown, but a number of area renters are learning they shouldn't get too comfortable. Tim and Erica Hill said they're very much at home in their rental house ...
People in Business - Nashville TennesseanCandace Hooker joins Lattimore Black Morgan & Cain PC in a staff position in the audit division. Hooker was with Cellular Sales. Sydney Evans Stars has joined the firm's tax division. HORNE LLP has announced the opening of a second location locally ...
N.Y. town basks in glow of Hollywood - Bennington BannerNEW LEBANON, N.Y. — The hippies are gone. So are the detours. And the chilled lobster tails. The movie stars have left. Ang Lee's headed south. And there's a dearth of naked people running around Columbia County. This is the hangover in the ...
UK reaches out to Syria - Politics.co.ukThe relationship between the UK and Syria reached its warmest point since the start of the war in Iraq today, with the visit of foreign secretary David Miliband to the country. Mr Miliband will hold talks with Syrian president Bashar al-Assad before ...
Fannie Mae, Freddie Mac halting foreclosures - International Herald TribuneWASHINGTON : Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9 ...
Smart Defense - NationLast month, Congressman Barney Frank called for a 25 percent cut in the defense budget--approximately $150 billion in annual spending--saying, "We don't need all these fancy new weapons. I think there needs to be additional review." Predictably, the ...
Hezbollah TV rejects German ban as unjust - Las Vegas SunThe director of Hezbollah's satellite TV station says a German ban on the network violates international laws protecting media freedom. Al-Manar TV Director Abdullah Kassir asserts the German government acted on a request from what he called "Zionist ...
$60bn Ajman city project could be delayed - ArabianBusiness.comPROJECT DELAY: The completion of the huge Al Zorah project in Ajman could be delayed by two years. Construction of a $60 billion city in the emirate of Ajman could be slowed, its developer says, in another sign that the global economic crisis is ...
Building could slow at Ajman emirate's dream city - Guardian UnlimitedHONG KONG, Nov 21 (Reuters) - Construction of a $60 billion city in the emirate of Ajman could be slowed, its developer says, in another sign that the global economic crisis is hitting the Middle East's grand development plans. Al Zorah, a joint ...
Despite level prices, slowing home sales could spell trouble for local ... - Pittsburgh Post-GazetteA profound plunge in the number of single-family homes bought and sold in the Pittsburgh metropolitan area was most likely brought on by a severe combination of tighter lending standards that have made it more difficult to obtain mortgages and buyers ...
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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