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E. Kentucky routs Winston-Salem 69-44 - Buffalo News
RICHMOND, Ky. (AP) - Mike Rose scored 20 points and hit six 3-pointers to lead Eastern Kentucky to a 69-44 win over Winston-Salem State on Tuesday night. The Colonels (1-1) connected on nine shots from long range, including five in the second half ...

COMMON PLEAS - Salem News Online
RBS Citizens v. John and Donna Schlueter of New Waterford, etc; foreclosure sought against property on Pinewood Drive, New Waterford. Kimberly and Paul Jarvis Jr. of Hanoverton v. Wells Fargo Bank, etc; lawsuit alleges the actions of the bank and two ...

UPDATE 1-Economy, TARP conspire against commercial mortgages - Reuters
NEW YORK, Nov 19 (Reuters) - Bonds backed by commercial real estate loans cratered for a second day on Wednesday on fears the fast-weakening U.S. economy could lead to a wave of defaults on loans on properties such as office buildings, retail stores ...

UPDATE 3-Economy, TARP hits US commercial property debt, stocks - FXStreet.com
NEW YORK, Nov 19 (Reuters) - The prices of bonds and stocks with exposure to commercial real estate plunged on Wednesday on fears the weakening U.S. economy could lead to a wave of defaults on loans for office buildings, retail stores, and hotels ...

UPDATE 2-Commercial mortgages seen at risk as economy weakens - FXStreet.com
NEW YORK, Nov 19 (Reuters) - Bonds and stocks with exposure to commercial real estate cratered on Wednesday on fears the fast-weakening U.S. economy could lead to a wave of defaults on loans for office buildings, retail stores and hotels. Commercial ...

Our view: No quick fix for nation's economic, environmental woes - Salem News
It was a good week for Congressman John Tierney, D-Salem, who helped colleague Henry Waxman wrest the chairmanship of the House Energy and Commerce Committee from veteran John Dingell of Michigan. Tierney's remarks to the Democrats on the committee ...

Our view: No victims here but the taxpayers - Eagle-Tribune
It is interesting to see and hear readers' comments on our Sunday story concerning a Haverhill woman and the worldwide financial crisis triggered by failed mortgages. Some readers posting on our Web site and others calling our office questioned ...

Citigroup stock drops to 13-year low, fear grows - Forbes
NEW YORK (Reuters) - Citigroup Inc (nyse: C - news - people ) faced a crisis of confidence Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. The second-largest U.S ...

Source: GMAC eyeing HQ move to Charlotte - WCNC
CHARLOTTE, N.C. -- GMAC Financial Services, the troubled lender applying to become a bank holding company, is negotiating for office space in Ballantyne for a possible move of its headquarters to Charlotte, a source familiar with the situation said ...

Citigroup shares drop to 13-year low - Express India
New York, November 20: Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the US banking giant, and its shares tumbled 23 per cent to a 13-year low. The second-largest US bank by assets has been ...

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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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