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Plouffe Whistles Plus: Obama's failed fight-back - SlateEffective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...
Winners' bracket finals set - Monroe Evening NewsPete's Garage/Boyd's Trucking and Friendly Ford each won a pair of games Tuesday night to move into the winners' bracket finals in the Monroe Men's Postseason Softball Tournament at Munson Park. Pete's/Boyd's scored three times in the bottom of the ...
Real estate notes - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Land transfers Aug. 12 through 18 Grant County Sheriff ...
YOU TOLD US: Readers favor Biden over Hillary and are passionate about ... - Oakland PressMany readers responding to our online poll indicated that they were satisfied with Barack Obama's selection of Delaware Sen. Joe Biden as his vice presidential running mate, though less for Biden than for wishing the Clintons away from the national ...
The Thin Man - Weekly Standard"I happen to semi-know [Denver] Mayor Hickenlooper, because I belong to an all-author rock band called the Rock Bottom Remainders, and when we performed in Denver two years ago, Hickenlooper joined us on stage to sing the classic Troggs song 'Wild ...
Tennessee News - WATEThe Rev. Al Sharpton says he and other civil rights leaders are kicking off a campaign the last week of September to register voters in seven key states, including Tennessee. Jason Peters and Jennifer Leighann Rae, the Clarksville parents of a baby ...
Tenn. lawmakers at odds over TVA rate hike - WATETennessee's congressional members are at odds over how to respond to a hike in TVA rates as the nation's largest public utility approved a 20 percent rate increase last week. Tennessee is cutting a round-the-clock home nursing benefit for about 1,000 ...
LATEST FROM OUR BLOGS - CNBCFederal Reserve Chairman Ben Bernanke offered lawmakers fresh assurances on Thursday that regulators are taking steps to better protect would-be homeowners from abusive mortgage practices. Bernanke appeared before the Senate Banking Committee in his ...
AP BUSINESS NEWS - Ann Arbor NewsWASHINGTON (AP) — It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute. • Research aims to put tongues in control of devices 8/24/2008, 2:23 p.m. EDT ATLANTA (AP ...
BUSINESS NEWS - Patriot-NewsCAMARILLO, Calif. (AP) — A national survey shows gas prices have dropped 15 cents a gallon in the last two weeks. • Gas prices nationally drop 15 cents in 2 weeks 8/24/2008, 5:51 p.m. ET CAMARILLO, Calif. (AP) — A national survey shows gas ...

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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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