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Foreclosures soar in Santa Clara County - KGOSANTA CLARA COUNTY, CA (KGO) -- The home foreclosure crisis has picked up steam in Silicon Valley. Believe it or not, new data shows last year, Santa Clara County was the fastest growing county in California when it comes to people losing their homes ...
Valley saw surge of filings last year - San Jose Mercury NewsHere's a somber statistic for Silicon Valley: Foreclosure activity increased at a faster clip in Santa Clara County last year than in any other California county, a foreclosure information service said Tuesday. Foreclosure filings rose 239 percent ...
Home sales are up but prices are falling: Who's buying houses? - San Jose Mercury NewsFirst-time home buyers Andrew and Kaori Nielson made a deal on a two-bedroom San Jose townhouse last month, even though they knew that property values are falling. ''We probably would have waited longer, but our lease was up, and we have our son ...
Business Highlights - MSN MoneyCentralNEW YORK (AP) — A warning from tech giant Intel about poor business conditions and more evidence of rising unemployment left stocks with their biggest losses in a month Wednesday. The news upended some investors' hopes for a speedy economic ...
Assess, Rebalance Your 401(k) After 2008 Losses - KXTV News10NetUNDATED - The bear market is no abstract mathematical notation, no mere number on a newspaper page: It's a concrete change in your life, and not a good one, especially if you're saving for retirement. Consider this: If your 401(k) had $100,000 ...
California economy and the stalled state budget - San Francisco GateFriday, January 2, 2009 On Dec. 16, the Silicon Valley Leadership Group convened a discussion of the state's economy and the crisis in the state budget as part of its fifth annual Business Climate Summit, at Akeena Solar in Los Gatos. The state ...
The electronic dollar? - Baltimore SunConsumers have more choices than ever in how they pay for goods and services, and it is clear the days of paying by cash or check alone are long gone. Payment choices have expanded along with Internet commerce. Consumers buying more online have ...
What If Housing Crashed? - ForbesIt's bad enough that the stock market's wealth effect is disappearing. What happens to the economy if that other prop, home equity, starts to wobble? There are ominous signs this is about to happen. If you need proof of the housing boom, just walk ...
The electronic alternative - Allentown Morning CallConsumers have more choices than ever in how they pay for goods and services, and it is clear the days of paying with paper--cash or check--alone are long gone. Payment choices have expanded along with Internet commerce. Consumers shopping online ...
Weekend open thread - Primebuzz.kcstar.comAnother incident has surfaced involving an underage girl receiving an abortion and no attention being paid to the child molester who impregnated her. The incident happened at a Planned Parenthood clinic in the nation's capitol. Information on the ...
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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