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News about Mortgages:
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Einstein wins Clark Handicap at Churchill - FOX NewsThe 6-year-old horse stormed past heavy favorite Commentator at the top of the stretch Friday, then held off Delightful Kiss and won by 1 1/2 lengths. Einstein was ridden by Julien Leparoux completed the 1 1/8 miles in 1:49.79. The winner paid $11.80 ...
Lender ordered to pay couple $84K - Maryland Daily RecordA Baltimore County jury has awarded $84,001 to a couple after they were charged additional, undocumented fees on their mortgage by a lender who also hindered their ability to sell their home. Vincent S. Serio was ordered to pay damages to John and ...
Personnel file - Nov. 24 - Lexington Herald-LeaderHindman Settlement School: Brian K. Lewis, a building contractor from Viper, has been named to the board of directors. Sullivan University: David Keene has been named executive director of the university's Lexington campus. He was most recently ...
Fishing lobster not what it used to be - The Chronicle HeraldLobster boat skipper Danny Shand of Clark’s Harbour, Shelburne County, faces the lobster season with concerns about market prices. (BRIAN MEDEL / Yarmouth Bureau) EDITOR’S NOTE: How is the global economic crisis affecting Nova Scotians? We answer ...
Stock market report: Monday close - This is MoneyShares went into a nose-dive on both sides of the Atlantic this afternoon as investors continued to fret over the economic slump and banking crisis. On Wall Street, the Dow tumbled 346.31 points to 8482.73 on the back of a bigger-than-expected drop ...
Marketplace: A simple fix for crisis in housing - ColumbianAs far as ideas go for rescuing America’s housing market, Brad Anderson’s proposal may have merit. Anderson (no relation) is convinced that the best way to stop the downward spiral of home values around the nation, as well as here in Clark County ...
Man charged with hiding friend's body for weeks - Milwaukee Journal SentinelDec. 1, 2008 5:10 p.m. | A 27-year-old Milwaukee man charged with hiding a corpse may have kept his dead friend inside a garage after a suspected drug overdose for as many as three weeks, according to investigators. Garrett A. Berman told Milwaukee ...
Sniper from first Gulf War needed help - Peninsula Daily NewsPORT TOWNSEND -- Clay Neideigh is a quiet, gentle man who knows what it's like to live in harm's way. He also knows what it is like to scramble to provide a secure environment for his children. He was an Army sniper in the Middle East during the ...
Deeds Oct 22nd thru 31st 2008 - Cecil WhigChandler H. Gebhart, III, to Carl D. and Linda K. Becker, Bohemia Bay Yacht Harbor, Chesapeake City, $64,000, October 22. Jennifer R. and Thomas H. Clark, Jr., to Jennifer R. Clark, 224 Biddle Street, Chesapeake City, $0, October 24. Helena A. DuPont ...
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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