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Judicial Watch sues Senate for refusing to seat Burris as Obama's ... - Minneapolis Star TribuneWASHINGTON - A conservative watchdog group has sued the Senate for refusing to immediately seat Roland Burris as the new senator from Illinois. The lawsuit was filed Wednesday in federal court in Washington on behalf of an Illinois resident. The suit ...
Predicting 2009 not an exact science - Monroe Evening NewsThe TV show was called "Early Edition." It ran from 1996-2000 and had a simple premise. Each day, a regular kind of guy named Gary Hobson would have the Chicago Sun-Times dropped at his door. It contained the typical news - shootings, celebrations ...
Vegas beer pong competition gets (almost) serious - Idaho StatesmanTroy Stieve, center, of Ann Arbor, Mich., and his teammate Lester Marks, right, of Monroe, Mich., compete during the World Series of Beer Pong IV in Las Vegas, Sunday, Jan. 4, 2009. Don't let the smell of beer and the rock music fool you, beer pong ...
Habitat provides shelter for families - News-StarSherman and her family are the recipients of a new home, courtesy of Habitat for Humanity Homes. Sherman's home and three others will be dedicated at 10:30 a.m. Saturday in the 300 block of South 29th Street in Monroe. "I did an application about two ...
Ann Arbor man competes in World Series of Beer Pong - Grand Rapids PressJae C. Hon | AP Photo Troy Stieve, center, of Ann Arbor and his teammate Lester Marks, right, of Monroe, compete during the World Series of Beer Pong IV in Las Vegas on Sunday. Don't let the smell of beer and the rock music fool you, beer pong is a ...
Who's in charge here? - The Washington TimesMany elements of today's financial crisis remain opaque. It is crystal-clear, however, that numerous practices that created this fiasco still are in place, as are many of its main culprits. A few weeks ago, Rep. Barney Frank , Massachusetts Democrat ...
MASSACHUSETTS LOCAL NEWS - Union-News & Sunday Republican• dodeans -- Air, I prefer not to pursue an... • wdtdd -- chuck norris jokes? really? ... • dodeans -- Hey air, I was referring to th... • klp63 -- Ahh more blame the unions for ... • airgarcia -- dodeans..... educate yourself ...
Lingering cloud likely for Toledo-area economy in '09 - Toledo BladeFACING unemployment in 27 days, John Rodriguez, Jr., gave up a house on which he no longer will be able to afford the payments, endured a Christmas short on cheer, and signed up for job re-training. "It ain't the way it's supposed to be, but it's the ...
Outlook for Homebuilders - WOKR 13(Rochester, N.Y.) We've heard that Rochester's real estate market doesn't suffer the lowest-lows, and the highest-highs and so as a result, it's a stable market. Still, it is not immune to national recession. The Rochester Home Builders Association ...
Five companies in Rochester area thrive despite economic downturn - Democrat and ChronicleIn a year when financial institutions seemed to be stumbling if not falling down with sickening frequency, three of the five top stock performers among western New York companies were, perhaps surprisingly, banks. Just a handful of companies with ...
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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