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Congress Oversight Failures - OpEdNews.comJC Garrett: Judge Denies Stay for Miers and Bolten (1 comments) District Judge John Bates handed the Bush administration another loss in its war on the Constitution and Congressional oversight yesterday. He made clear that he views the administration ...
Wall Street holds on to gains after Fed decision - Daily OklahomanNEW YORK (AP) -- Wall Street posted a sizable advance Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy could be stronger than some investors thought. Brody ...
Tenn. lawmakers at odds over TVA rate hike - WATETennessee's congressional members are at odds over how to respond to a hike in TVA rates as the nation's largest public utility approved a 20 percent rate increase last week. Tennessee is cutting a round-the-clock home nursing benefit for about 1,000 ...
Conservative PAC at odds with Ramsey over primary - WATEA photographer who took photos for Tim Barnes' state Senate campaign contends Sen. Rosalind Kurita's camp used one of the photos for a negative campaign ad without compensating or notifying her. Hydrogen-powered cars on a nationwide tour of 18 states ...
The Education Department’s Activist Agenda - Inside Higher EdEducation Secretary Margaret Spellings continues to try to counter the twin perceptions of her Education Department as lax on enforcement on the one hand and inappropriately meddling in the affairs of colleges on the other. During a news conference ...
Economic Stimulus - OpEdNews.comHolly Sklar: Minimum wage raise too little, too late (10 comments) The minimum wage raise is so little, so late that workers will still make less than they did in 1997, adjusting for the increased cost of living, and way less than the nearly $10 ...
Today’s the Day for HEA - Inside Higher EdPosturing, panicking and backpedaling and, of course, politicking — all of those were in ample supply Wednesday as lobbyists, lawmakers and other players prepared for today’s House of Representatives debate over legislation to renew the Higher ...
New Wave Of Rita-Related Lawsuits Filed Against Countrywide - Insurance News NetFeb. 4--With Hurricane Rita threatening the Gulf Coast in September 2005, Samantha McCormick left her Lumberton home for the Texas Hill Country. Unable to transmit her mortgage payment because of storm-related power failure back in Southeast Texas ...
Enterprise Expands Loan Products to Finance Housing and Healthcare ... - PR NewswireCOLUMBIA, Md., Feb. 21 /PRNewswire/ -- Enterprise Community Investment, Inc., a national leader in affordable housing finance and investment, today announced the expansion of debt products available in its Multifamily Mortgage Finance group ...

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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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