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News about Mortgages:
FDIC cracks down on OneUnited Bank - Boston Business JournalA federal bank regulator recently accused the management of OneUnited Bank, one of the largest black-owned banks in the country, of running an unsound lending operation and ordered a top-to-bottom review of executive perks that included a 2008 ...
COMMON PLEAS - Salem News OnlineCitimortgage v. Joseph and Misty McCoy, etc; foreclosure sought against property on Burford Street, East Liverpool. Palisades Collection v. Donald E. Huston, etc; collection sought of $3,900 alleged debt. Countrywide Home Loans v. Justin and Jennifer ...
Market Mover - American ReporterBOCA RATON, Fla. -- The thoughts below were written three years and one month ago. No one cared about my ideas. On local and national radio for more than 14 years I made the same health care warning loud and clear to anyone who would listen. I'll try ...
IBM expands mortgage product offering - Charlotte Business JournalThe company’s Charlotte subsidiary, IBM Lender Business Process Services Inc., provides loan processing and closing services to lenders looking to reduce costs. The business unit allows lenders to outsource the processing, underwriting and closing ...
PhillyDeals: PhillyDeals: Web wagerers put their money on Obama - Philadelphia InquirerLast time the nation voted, traders who placed bets on George W. Bush and John Kerry at intrade.com favored Bush for most of the campaign - until Election Day, when so many switched their last-minute positions in response to shaky Internet exit-poll ...
Bank of England cuts interest rate by 1.5 points to 54-year low - Times OnlineThe Bank of England today took decisive action to shore up the economy and stave off a deep recession by ordering an aggressive cut in interest rates by 1.5 percentage points to 3 per cent, taking the base rate to its lowest level in more than half a ...
Good credit not good enough - NorthJersey.comBoth families built their plans around already established home equity lines of credit, and both had those plans shot down by the two big-time lenders. When Elaine and Peter Karcich built their dream house in South Carolina, they thought they were ...
The Food Section - Washington PostA chat with the Washington Post Food Section staff is a forum for discussion of all things culinary: food trends, recipes, ingredients, menus, gadgets and more. You can share your thoughts on the latest Food section , get suggestions from fellow ...
The Boss Says! - Canyon NewsPop culture watchers began salivating at the thought of Britney Spears hitting the big screen. When rumors began circulating of a possible Britney Spears biopic, the interest was certainly there. I would have to look into my crystal ball, to see ...
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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