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Seediest brokers being weeded out - Indianapolis StarBecoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers had taken required classes and understood the complex mortgage world. A ...
Mortgage crisis spurs tougher rules - Bedford Times-MailINDIANAPOLIS — Becoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood the ...
Indiana cracks down on mortgage brokers - Elkhart TruthINDIANAPOLIS -- Becoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood the ...
State cracks down on brokers - Fort Wayne Journal GazetteINDIANAPOLIS – Becoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood the ...
Seediest brokers being weeded out - Indianapolis StarBecoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers had taken required classes and understood the complex mortgage world. A ...
Wednesday Options Update: WFC, HBC, MON, FDO - Seekingalpha.comWells Fargo & Co. ( WFC ) – Banking stocks took a punch in the gut when Oppenheimer’s rather accurate banking analyst forecast further loan loss provisions due to deteriorating quality of mortgage securities in the fourth quarter of 2008 ...
Wednesday Options Update: WFC, HBC, MON, FDO, LAMR - Seekingalpha.comWells Fargo & Co. ( WFC ) – Banking stocks took a punch in the gut when Oppenheimer’s rather accurate banking analyst forecast further loan loss provisions due to deteriorating quality of mortgage securities in the fourth quarter of 2008 ...
Wachovia Corp. - Chicago TribuneThe stock market closed out 2008 yesterday, finishing a year with the worst performance since the Great Depression after weary investors faced a deep recession, the fallout of the subprime mortgage mess and some of the most volatile trading days in
Dianne Feinstein - Chicago TribuneWASHINGTON (AP) — President-elect Barack Obama's selection of an old White House hand to head the CIA shows a preference for a strong manager over an intelligence expert. Obama's decision to name Leon Panetta to lead the premier U.S. intelligence ...
More High Street jobs to go? - Weston MercuryWORKERS at another Weston shop saw their futures plunged into uncertainty today, as press reports warned another major retailer looks set to shed jobs. National newspapers predicted that Marks and Spencer is set to axe 1,000 shop floor jobs around ...
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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