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News about Mortgages:
Off to Work They Go - CFO.comWhen The Economist asked academic economists in September which presidential candidate would pick the better economic team, a huge majority said Barack Obama. He has not disappointed them. The team he unveiled this past week is studded with stars of ...
Obama's impressive economic team - Seattle Post IntelligencerWhen The Economist asked academic economists in September which presidential candidate would pick the better economic team, a huge majority said Barack Obama. He has not disappointed them. The team he unveiled this past week is studded with stars of ...
Executive Items - Charleston Post & CourierCarol Slade has been named director of women's and children's services at Trident Medical Center . Previously she was manager for the pediatric and Level II nursery units at Trident. She has an associate's degree in nursing from Craven Community ...
Obama Right to Reassure Wall Street Markets With Rubinauts But Also ... - Huffingtonpost.comIt's been a perplexing week for progressives watching President-Elect Obama appoint his top economic advisors. There's no question that they are a brilliant, accomplished, competent group who have reassured financial markets and a worried nation that ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including State Representative Doug Reichley criticizes Gov. Rendell for bailing out Boscov’s, Reading City Council approves a property tax hike, UGI announces rate cuts, and security measures are being ...
November 2008 - Posts - MSNBC FirstreadSenate candidate Al Franken will not appeal a decision by the Minnesota State Canvassing Board, which today rejected the Democrat's request that rejected absentee ballots be included in the race's hotly contested recount. The canvassing board's ...
McCain's Mortgage Plan Calls for Lowering Rates for Homeowners - BloombergOct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers, an adviser said. ``We certainly want to get the rates down,'' McCain senior ...
Study: Fewer mortgages in '07 to Latinos, blacks - ForbesA report shows that the racial mix of new homeownership in New York City changed dramatically in 2007, with fewer blacks and Latinos securing mortgages during the period studied. The report was released Monday by the Furman Center for Real Estate and ...
The Obama middle-class rescue plan - SalonTaking clear advantage of John McCain's inability to come up with new economic policy initiatives (something that was promised by the McCain campaign over the weekend but then backed away from), Barack Obama announced on Monday a sheaf of new ...
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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