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Obama Urges DTV Delay As Time, Money Runs Out - WiredBilled as perhaps the greatest leap in television since "living color," the transition to digital TV is mere 39 days away, and in serious trouble: millions of households still aren't ready for the conversion and a government program created to ...
AP News Calendar - ForbesMajor scheduled events during the week beginning Jan. 11, 2009. Note that many events, especially court appearances, are subject to change at the last minute. MONDAY: Weekly Treasury briefing, auction; Treasury releases federal budget for December, 2 ...
Citi backs measure to help avoid foreclosures - Boston GlobeWASHINGTON (Reuters) - Financial giant Citigroup Inc will support a proposal in Congress to rewrite bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday. Citi had previously opposed ...
Citigroup to back rewriting mortgages - The Washington TimesGiant lender Citigroup announced Thursday it would support an effort in Congress to rewrite bankruptcy laws to give struggling homeowners the ability to rewrite the terms of their mortgages to avoid foreclosure -- the first major crack in the banking ...
RPT-UPDATE 5-Citi backs measure to help avoid foreclosures - ReutersWASHINGTON, Jan 8 (Reuters) - Financial giant Citigroup Inc ( C.N ) will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday. Citi had ...
Citi backs Senate mortgage bankruptcy reform: senators - Reuters UKWASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday. Known as "cramdown," the rewrite ...
Citi backs Senate mortgage bankruptcy reform: senator - ReutersWASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday. Known as "cramdown," the rewrite ...
Citigroup supports measure giving courts big say on mortgage ... - Los Angeles TimesSenate Majority Leader Harry Reid of Las Vegas, second from left, speaks at a news conference in Washington. He is joined by Sens. Charles E. Schumer (D-N.Y.) , left, Patty Murray (D-Wash.) and Richard J. Durbin (D-Ill.). Citigroup is now backing ...
Does Citigroup Stand Alone? Industry Balks at Bankruptcy Bill - BusinessWeekIf you want a sign the financial world is changing fast, look no farther than Thursday’s announcement that Citigroup would back legislation allowing judges to modify mortgage terms in bankruptcy. The bill, championed for more than a year by Sen ...
REFILE-UPDATE 2-Citi backs mortgage bankruptcy reform-senators - FXStreet.comWASHINGTON, Jan 8 (Reuters) - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday. Known as "cramdown," the ...
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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