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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...
Erie County Real Estate Transactions - Buffalo News• 63 Fairlawn Drive, Edmund Karnofsky to Squire Shop Inc., $348,700. • 92 South Rockingham Way, GMAC Mortgage Llc to John F. Marcolini; Angela J. Marcolini, $340,000. • 248 Running Brook Lane, Drew A. Gundlach; Sandra L. Gundlach to Robert M ...
TheStar.com | GTA | Joblessness a double blow for immigrant family - Toronto StarGurtek Saini, 14, sits in a renovated office in a Steeles Ave. plaza, typing quickly and quietly on a laptop computer. "I am not able to find employment as I have worked at the same job for 14 years," he writes. "I have no transferable skills." The ...
Premier League Weekend Winners And Losers - Football365.comHaving claimed - with good reason - not to have seen whether Arsenal's equaliser was offside, the Arsenal manager will no doubt be derided by the tedious band of email writers who still find amusement in his selective myopia. Perhaps they ought to ...
Canada still lending despite U.S. mortgage crunch - Edmonton JournalEDMONTON - The U.S. credit crisis has seen mortgage lending practices there go from freewheeling no-money mortgages to extra scrutiny that makes it tougher even for those with good credit to get the terms they want. The scrutiny is also tighter in ...
Adelaide's housing market strongest - News.com.auData from the Australian Bureau of Statistics, released yesterday, shows Adelaide's house values fell by just 0.1 per cent in the last three months, compared to a 1.8 per cent drop across the country. House prices fell over the past quarter by 3.3 ...
Loans are available, but there are new rules - Raleigh News & ObserverAs borrowing has gotten more difficult, the number of vacant homes has climbed. In the second quarter of 2008, the number stood at 18,643. The Federal Reserve cut its leading interest rate Wednesday, but the ripple effect that usually comes from such ...
SA welcomes rate cut as confidence booster - Australian Broadcasting Corp.South Australia's peak business lobby hopes a further cut in official interest rates will boost confidence. Peter Vaughan from Business SA says the latest cut of 0.75 per cent in official rates by the Reserve Bank should restore some confidence ahead ...
Winfrey, Lowe commiserate as paradise burns - SalonNov 14th, 2008 | Montecito is home to the rich and famous, but it's not flashy. It's exclusive, but not haughty. And it's far enough from the sprawl of Los Angeles for comfort -- while still close enough for convenience. People who live in this ...
Homeowners' new reality: You're suddenly poorer - Globe and MailAdil Burney from Canada writes: For 2009, CREA is delusional. Suppose we end December 2008 at -9% YoY. To end up a -2% for the full year 2009, we would probably have to bottom in December 2008 and then get to a around 7% by late 2009. CREA is talking ...
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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