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Borough boutique to close its doors - Daily Local NewsAnnie Moretti, left, and Michele Robins are closing the Plain Jane Boutique on East Gay Street in West Chester. ,WEST CHESTER — The blush is off for Plain Jane, a cosmetics and skin-care boutique in the 100 block of East Gay Street. The store will ...
Congress grills Lehman CEO - Cincinnati.comWASHINGTON - The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to ...
National City customers take word of possible sale in stride - Cleveland Plain DealerNational City customers said they weren't surprised or worried that Cleveland's oldest and biggest bank may end up owned by companies based in Canada or Pittsburgh. "I can only go by what they've done in the past," said David Collier, father of 11 ...
CREDIT FREEZE FELT AT HOME - Citizen's VoiceJohn Lawless sees the credit crisis in the looks of disappointed potential car buyers. “There are fewer (financial) sources that are interested in people with dinged-up credit,” said Lawless, who owns a car dealership on Wyoming Avenue in ...
Credit crunch infects variety of NEPA firms - Scranton TimesJohn Lawless sees the credit crisis in the looks of disappointed potential car buyers. “There are fewer (financial) sources that are interested in people with dinged-up credit,” said Mr. Lawless, who owns a car dealership on Wyoming Avenue in ...
Shock worldwide interest rate cuts, including 0.5% in UK - Times OnlineCentral bankers around the world took emergency action to end the market meltdown today with co-ordinated interest rate cuts designed to give the global economy a lift in the face of recession. The Federal Reserve led the way, slashing its key ...
Real Estate notes - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Sept. 22 through 29 Billie J. Freel and Nancy R. Freel to ...
Mickelson, Miller-Meeks give views on causes of financial issues at ... - TriVallyCentralBoth 2nd district Congressional candidate Marietta Miller-Meeks and WHO radio talk show host Jan Mickelson urged people to get involved in government at all levels. They also laid the blame of the nation's financial crisis on the failed home mortgage ...
National City customers take possible ownership change in stride - Cleveland Plain Dealer BlogNational City customers said they weren't surprised or worried that Cleveland's oldest and biggest bank may end up owned by companies based in Canada or Pittsburgh. "I can only go by what they've done in the past," said David Collier, father of 11 ...
Blackburn against bailout - Jackson SunBlackburn told Rotary Club of Jackson members she gave a "No" vote to the revised $700 billion bailout plan, which was passed last Friday. "It was too much bailout and not enough workout," Blackburn said Tuesday. "I did not support it. I think that ...

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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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