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Law Center Presents 'Global Financial Crisis for Dummies' - Newsblaze.com
Newswise - For visual evidence of just how bad the global financial crisis has become, visit the Web site of the University of Iowa Center for International Finance and Development. If you dare. The page - in PDF form at http://www.uiowa.edu/ifdebook ...

Workshop to help those facing foreclosure - News-Press
Nearly one in ten Cape residents is out of work, prompting state officials to fear more foreclosures on the horizon. That’s more heartache, more abandoned homes and more stress on the community’s health. Although officials says it’s only a ...

What's new in the business scene - Poughkeepsie Journal
Bank hires 2 in mortgage, business growth areas - Mahopac National Bank has hired two women with a combined 40 years of banking experience to coordinate its residential mortgage and business development efforts. Kathy Lee Scannello of Warwick was ...

New businesses - Providence Journal
ADAM AARON KALIDA, LLC: M: Agna N. Khan, 218 Union Ave., Providence 02909. A: Mehdmood Qureshi, 218 Union Ave., Providence 02909. Ferguson & Shamamian Architects, LLP: A: Ct Corp. System, 10 Weybosset St., Providence 02903. Architecture. RI Widget ...

Woman slain outside Wausau senior center - Milwaukee Journal Sentinel
Jan. 3, 2009 7:06 p.m. | Wausau - Wausau police say a woman was shot to death outside the senior housing center where she worked, and an ex-boyfriend has been jailed in the shooting. Police said 39-year-old Robin Dunwoody of Weston was shot twice ...

World stock markets kick off 2009 brightly - Washington Post
Jun Kwang-woo, chairman of the Financial Services Commission, center, and representatives from securities industry participate to celebrate the opening ceremony for the Year 2009 trading at the Korea Stock Exchange in Seoul, South Korea, Friday, Jan ...

World markets kick off 2009 brightly - Seattle Post Intelligencer
Jun Kwang-woo, chairman of the Financial Services Commission, center, and representatives from securities industry participate to celebrate the opening ceremony for the Year 2009 trading at the Korea Stock Exchange in Seoul, South Korea, Friday, Jan ...

Endangered arts - Times Reporter
Poet Langston Hughes once wrote that “money and art are far apart.” In these tough economic times, the Tuscarawas County Center for the Arts at New Philadelphia is hoping to bring the two a little closer together. Like many other non-profit ...

World markets ease into 2009 with solid gains - Seattle Post Intelligencer
Jun Kwang-woo, chairman of the Financial Services Commission, center, and representatives from securities industry participate to celebrate the opening ceremony for the Year 2009 trading at the Korea Stock Exchange in Seoul, South Korea, Friday, Jan ...

Investors return to housing scene - TMCnet
(Press-Enterprise, The (Riverside, CA) Via Acquire Media NewsEdge) Jan. 3--After retreating in fear from housing's sudden collapse, those who buy homes as an investment are reappearing in Inland Southern California's beaten down marketplace ...

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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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