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News & Features Navigation - Minnesota Public RadioMinnesota Public Radio coverage of the foreclosure crisis. Photo: #Faith Burns has lived in this south Minneapolis home for 13 years, but must move out by May 6 because her mortgage is being foreclosed. Her attorney says she was sold a defective ...
Twin City November home sales lowest of 2008 - PantagraphBLOOMINGTON -- Twin City home sales dropped to the lowest level of 2008 in November. Real estate agents and builders sold a total of 116 homes that month, including 12 new homes and 104 existing properties, according to statistics from the ...
Census findings: Edina isn't so rich, and other surprises - Minneapolis Star TribuneA Metropolitan Council analysis of three years of U.S. Census Bureau data from 2005 to 2007 provides some revealing and surprising details about 41 Twin Cities communities. Edina isn't as rich as you think. Eden Prairie isn't swamped with seniors ...
Suspect shot dead after high-speed chase in Ill. - Buffalo NewsPolice say a man suspected of robbing four banks has been shot and killed after leading officers on a high-speed chase in central Illinois. Authorities say the 57-year-old man robbed a Bloomington currency exchange at gunpoint on Monday and fled ...
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 ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Slain suspect faced foreclosure, bankruptcy in recent years - PantagraphBLOOMINGTON -- Robert Sylvester, a robbery suspect shot to death Monday by police after a high-speed chase, had a history of financial problems and violence dating back for years. | Old poker friends remember 'Bobby' | Wife: 'Never had a theft ...
Laid off workers go back to school; colleges respond with special ... - Winona Daily NewsNancy Hammer has dreams of becoming a graphic designer. Jim Grupa wants to be a Web designer. Hammer is enrolled in college for spring semester. She’s got a car-pool system set up with a buddy to get to class. Grupa is taking online courses and ...
Public service in Driehaus' blood - Cincinnati.comHe comes from a family that has been likened to a West Side version of the Kennedys - large, deeply ingrained in the Democratic Party, serving in the public arena and headed by a family patriarch who wanted to see his children succeed in politics ...
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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