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Bullish view on Merrill's future - Philadelphia InquirerMerrill Lynch & Co. Inc., a central player in the nation's credit turmoil during the last year, has learned its lessons and will remain independent despite what is likely to be an unprecedented global consolidation in financial services. That's the ...
What the rates cut means for you - News.com.auEmail article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? WHAT does the Reserve Bank cut mean for you, and what are the repercussions for the economy? Nick Gardner investigates ...
Wayne T Gilchrest - Baltimore SunIt should come as no surprise that Rep. Wayne T. Gilchrest is supporting Democrat Frank M. Kratovil Jr. in the 1st District congressional race ("Gilchrest backs Kratovil for House," Sept. 3). Mr. Gilchrest won his elections as a Republican but often ...
NSW revenue dip due to rate rises :Swan - ninemsnThe economic dive in NSW is the result of 10 consecutive interest rate rises, Treasurer Wayne Swan says. New NSW Premier Nathan Rees has warned that cutbacks in areas such as capital works would be necessary to address the state's revenue crisis. Mr ...
Housing crisis upends kids' lives - Akron Beacon JournalElissa Hines sat in her living room, petting her pooch, Caden, and chatting. Upstairs, the kids were stuffing their possessions into cardboard boxes. Five years ago, when the young mother moved into the spacious North Hill home, she planned on ...
Top Gear on the road to global domination - Guardian UnlimitedIt is a television phenomenon that is set to become Britain's latest lucrative cultural export, a specialist show that reinvented itself as mainstream family entertainment, winning a Sunday-night audience measuring more than eight million. Top Gear ...
Don't be quick to fix loans as rates to keep dropping - News.com.auVICTORIAN house hunters have been given a new headache with last week's interest rate cut leaving them tossing up between fixed and variable loan deals. First-home buyers and those wishing to re-finance have been forced to look hard at the fine print ...
Payrolls drop nationally, unemployment at 6.1% - Evening Star(Bloomberg) - The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five-year high of 6.1 percent, a sign that the economic slowdown is worsening two months before Americans elect their next president. Payrolls fell ...
Detroit mayor ends sex scandal with deal to leave office - Houston ChronicleDetroit Mayor Kwame Kilpatrick sits in Wayne County Circuit Court in Detroit today. DETROIT — Mayor Kwame Kilpatrick was bounced from office Thursday in a deal with prosecutors that will send him to jail and put an end to the sex scandal that ...
Cockrel: Kilpatrick can stay longer in Manoogian - Detroit NewsDETROIT -- After a day of conflicting statements, City Council President Kenneth V. Cockrel is now willing to give more time for Mayor Kwame Kilpatrick to move out of the Manoogian Mansion once he resigns, a Cockrel aide said late Friday afternoon ...

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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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