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McCain blames mortgage lenders for Wall Street troubles - Sioux City JournalCEDAR RAPIDS, Iowa -- Republican presidential hopeful John McCain blamed the financial crisis rocking Wall Street on failures at two mortgage giants and accused Democratic rival Barack Obama of taking thousands of dollars in donations from them. The ...
Campaign takes McCain, Palin to flood-damaged Cedar Rapids - Globe GazetteCEDAR RAPIDS — Republican presidential hopeful John McCain blamed the financial crisis rocking Wall Street on failures at two mortgage giants and accused Democratic rival Barack Obama of taking thousands of dollars in donations from them. The ...
Two former Marines were “Good to Go.” - Canada Free PressAs one of the greatest military forces in the world, the triumphs and achievements accrued by the United States Marine Corps are phenomenal. President Reagan once said: “Some people wonder all their lives if they’ve made a difference. The Marines ...
Your Comments : Milk imports on the rise - Fiji TimesThe views and/or opinions posted in the Your Say section are the opinions of the authors, not necessarily those of Fiji Times Limited. Fiji Times Limited reserves the right to edit the content, correct factual errors, remove obscene or hateful ...
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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