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Paulson against bank bailout fund for 3 - Kokomo Tribune
WASHINGTON - Treasury Secretary Henry Paulson told Congress Tuesday he opposes tapping a $700 billion taxpayer-funded bailout pool to help struggling U.S. automakers. Paulson and Federal Reserve Chairman Ben Bernanke were on Capitol Hill defending ...

Paulson, Bair clash over helping troubled homeowners - Marketwatch
Current Treasury Secretary Henry Paulson and predecessors Lawrence Summers and Robert Rubin locked horns over the best way to get the U.S. economy back on track, WSJ's Sudeep Reddy reports. (Nov. 17) Treasury Secretary Henry Paulson and Federal ...

3rd suspect pleads guilty in mortgage scam - Times Herald-Record
CENTRAL VALLEY β€” A third suspect accused of taking part in a mortgage scam based in a home office in Central Valley has pleaded guilty, federal prosecutors announced this week. Riccardo White, 48, pleaded guilty to fraud charges on Monday in ...

Haverhill woman's tale of housing woe offers view into global ... - Eagle-Tribune
Marie Martinez rode the real estate wave for a decade, buying property worth, on paper, more than $1 million. Then she hit the rocks and lost everything. Martinez's story mirrors those of millions of Americans caught up in the real estate frenzy that ...

Houston housing gets a vote of confidence - Houston Chronicle
Home sales have fallen for more than a year. Values have dipped. And buyer confidence has deteriorated. But at least one national economist thinks the Houston-area housing market will see price appreciation of as much as 10 percent in 2009. Going ...

Flagler changes, yet remains the same - Florida Times-Union
Flagler College was in crisis right from the beginning. - When the private institution was founded in St. Augustine in 1968, it didn't look like the school would last three years. - It faced financial ruin in 1971 because founder F. Roy Carlson - who ...

BUDGET AX HOVERS OVER ELDERLY - Watertown Daily Times
OGDENSBURG β€” Nursing homes would be one of the institutions hardest hit by Gov. David A. Paterson's proposed budget cuts. "Overall the cuts, if enacted, would reduce nursing homes funding by 10 percent," said Daniel J. Heim, vice president of ...

Faceless owners complicate efforts to reclaim properties - Eagle-Tribune
LAWRENCE β€” When Lawrence CommunityWorks found out in April that the multifamily brick building at 121 Garden St. had been foreclosed on, the nonprofit group sought to buy it for affordable housing Phone calls to Deutsche Bank, listed as the owner ...

Groups lobby for home-buying incentives in new president's stimulus ... - Los Angeles Times
How about a mortgage at a 2.99% fixed rate for 30 years for anyone who buys a home before July 1? Or a nonrepayable federal tax credit of 10% of the home price up to $22,000? Would enticements like these be sufficient to shift you into buying mode ...

Home Additions - Ironton Online
Home Additions Huntington Habitat expands to Lawrence County By Benita Heath | The Tribune Published Friday, November 21, 2008 It’s not that David Michael never enjoyed the community development work he was involved with in the Tri-State. But, as ...

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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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