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News about Mortgages:
Bank of Granite Corporation Splits Stock, Announces Cost Reduction ... - MSN MoneyCentralBank of Granite Corporation (NASDAQ: GRAN) (the "Company") announced that its Board of Directors approved a 5-for-4 stock split that will be effected by issuing one additional share of its common stock for each four shares held by shareholders of ...
Comments [0] - Daily Telegraph Blogs1. James Forsyth says Gordon Brown is playing a dangerous game by insisting that Lloyds/HBOS does not reduce its mortgage lending. 2. Iain Dale wonders why Alistair Darling has "spoken" to Lloyds TSB about the need to preserve jobs in Scotland. 3 ...
Strictly Come Dancing through the hard times - Daily TelegraphFew national statistics are heading in the right direction. Mortgage approvals plumb new lows, inflation bulges through every target and unemployment heads towards two million. Among the gloom, though, one statistical record is about to be very ...
Yadkin Valley Financial Corporation Declares Third Quarter Dividend of ... - MSN MoneyCentralYadkin Valley Financial Corporation is the holding company for Yadkin Valley Bank and Trust Company, a full service community bank providing services in 30 branches throughout its four regions in North Carolina. The Yadkin Valley Bank region serves ...
Cagle, economic expert address Johns Creek Chamber - Forsyth County NewsIt’s a scary time for investors and it’s not likely to end until 2010. That’s not the message Johns Creek Chamber of Commerce members wanted to hear Thursday. But it’s the reality of the current bear market, said Paul Dietrich. Dietrich ...
Top 20 Beer Drinking Countries - CNBCThe US government has taken a number of dramatic steps—both conventional and extraordinary—to try to remedy the problem. Take a look at what's been done. The Federal Reserve comes to the rescue again with a $85-billion loan package to help shore ...
Tim Tookey: 'Two days with no sleep, but the endurance test was worth ... - The IndependentWith HBOS's shares plummeting Lloyds TSB got the nod from the Prime Minister on Monday night that a rescue takeover of Britain's biggest mortgage lender would be driven past competition rules. Tim Tookey, 46, who has been Lloyd's acting finance ...
Residential Real Estate Management and Development News Stories - Atlanta Journal ConstitutionAbout two dozen Georgia banks —- more than in any other state —- face higher odds of running into financial trouble, according to an increasingly used measure of banks' health... What $700B won't buy: a quick fix for the economy 09/27/2008 SAN ...
As it happened: Brown reshuffle - BBC News17:55: A frantic day, full of surprises. There are still a host of middle ranking and junior ministerial jobs to be allocated including the important post of immigration minister. We should hear more about these in the coming hours and days and there ...
David Cameron tells Labour to back Gordon Brown or sack him - Daily TelegraphJust under a year ago, David Cameron staged one of the most extraordinary political turnarounds in modern political history. Going into his party’s annual conference at Blackpool, the Conservatives were 10 points behind in the opinion polls as ...

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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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