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News about Mortgages:
Democrats: Obama needs hands-on economic approach - Reading EagleWASHINGTON - Democrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country. Obama has sidestepped some policy questions by saying there is only one president at a ...
TransUnion: 3Q mortgage delinquencies shoot higher - Reading EagleNEW YORK - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of people ...
Couples staying together because of poor economy - Berkshire EagleNancy Partridge and her ex-husband, David Snyder, pose outside the home that they share in Westminster, Colo. The pair divorced in January after six years of marriage but when the house failed to sell and Partridge ran out of money to pay for an ...
Talking Sense: A new chapter in our economic history Financial woe ... - Eagle-TribuneTom Grella Sr. "A bull market begins on pessimism, grows on skepticism, matures on optimism, and dies on euphoria." — Sir John Templeton It is difficult, if not impossible, to witness the financial tsunami of these past months and not be frightened ...
Prices down, homes sales up in Massachusetts - Eagle-TribuneWhile the nation continues to reel from a fall-off in home prices and sales, local real estate agents are reporting a surge in buyer interest. During the summer and into September, an increasing number of people got into the real estate market ...
System still works - Traverse City Record-EaglePeninsula Township has a new park. That is a wonderful thing, but not the subject of this letter. Rather, I wish to congratulate those that made it happen. Dave Murphy, in particular, wanted very much to see this property left undeveloped and used as ...
Global Socialists Toast Victory Over America - Canada Free PressThe American people may be losing their jobs and savings, but on Friday night, November 14, on the eve of the international financial summit, they provided President Bush and other G20 leaders a lavish banquet that included $300-a-bottle wine ...
Deeds Sept 21st thru 30th 2008 - Cecil WhigBertha J. Sager, Trustee, to Barbara S. Dean, George Street, Chesapeake City, $0, September 29. Bertha J. Sager, Trustee, to Barbara S. Dean, 43 Basil Avenue, Chesapeake City, $0, September 29. Jan A. Banker to Jan A. Banker and Fay Walker, 721 Bell ...
Buckle Inc.: Surprising Performance From a Small Cap - Seekingalpha.comIt comes as no surprise that the consumer discretionary sector has been one of the hardest hit sectors, given its heavy reliance on consumer spending, which has declined for 3 straight months- a very rare event in market history. Only the largest cap ...
Stocks Under $10 Weekly Summary - Street.ComThe S&P 500 surged 20% in the past five trading days after the Federal Reserve added another $800 billion to its bailout package, President-elect Barack Obama announced his economic cabinet and the Treasury backstopped Citigroup (C:NYSE) as its stock ...
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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