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FBI asked to look into Luxottica data theft - Cincinnati.comLuxottica Group GA is the world's biggest eyewear company. Its brands include Ray-Ban and Oakley. Luxottica employs more than 1,400 at its LensCrafters Inc. eyeglass retail division in Mason. Its building in Mason was expanded in 2006. Lt. Jeff ...
Homeowners say no help from lenders - Contra Costa TimesDAWN AGUIAR sits outside her Fremont home Thursday. She says she tried to work on her mortgage problem, but the lender talked down to me like I was a deadbeat. ( AHBECK/STAFF) Numerous homeowners who have beseeched lenders for help with restructuring ...
UK charities brace for 2009 fundraising shortfall - WTOP RadioLONDON (AP) - The British Red Cross has canceled its winter fundraising ball _ and that's just the tip of the iceberg. British charities are expecting a fundraising shortfall next year as corporations donate less, investments fall in value and ...
ANALYSIS-Property market detox quashes investor appetite - ForbesLONDON, Nov 28 (Reuters) - Real estate used to be the ultimate all-weather asset class, with low correlation to volatile stocks and unexciting bonds. But in today's debt-starved market, property is not the safe haven it once was. Trusted property ...
Property Market Detox Quashes Investor Appetite - Post ChronicleReal estate used to be the ultimate all-weather asset class, with low correlation to volatile stocks and unexciting bonds. But in today's debt-starved market, property is not the safe haven it once was. Trusted property market tenets have been ...
Cash-Strapped Horse Owners Turn to Euthanasia - KXTV News10NetOROVILLE, CA - A first of its kind free horse euthanasia clinic in Oroville filled up quickly Wednesday, as more and more owners struggle to afford keeping all their horses. Margo Zamora was in tears as she led her pony Oreo from the trailer. "Just ...
Sliding bond yields spur bubble talk - Financial TimesIn the past decade, asset bubbles have emerged and subsequently popped in technology stocks, real estate, credit and commodities. Now, with the yield on the 10-year US Treasury note falling below 2.70 per cent to its lowest level since 1955, traders ...
More work for Martha Coakley - Boston GlobeTHE MATTER of House majority leader John Rogers and his former summer home just keeps getting murkier. Between September 2004 and April 2006, Rogers' campaign committee paid $96,000 to his friend and political consultant Thomas Drummey, who in the ...
Register for FREE - Wall Street JournalANTIOCH, Calif. -- When the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp -- the nation's 10th-largest mortgage lender by loan volume -- the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC ...
FDIC plan tests limits of leniency - Daily Business Reviewhen the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp — the nation's 10th-largest mortgage lender by loan volume — the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC wanted to show the ...
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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