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News about Mortgages:
One Georgia Bank Celebrates $151 Million Increase in Assets with ... - ForbesAs the financial industry takes a public relations beating amid the mortgage industry meltdown and a frenzy of foreclosures, one community bank in Atlanta has stayed strong. To celebrate more than $151 million increase in assets since the end of 2006 ...
Hong Kong Stocks Retreat to One-Year Low; Cheung Kong Declines - BloombergAug. 21 (Bloomberg) -- Hong Kong stocks fell to a one-year low, led by financial companies, amid renewed concern credit- market losses will damp global economic growth. Bank of East Asia Ltd., whose first-half profit plunged after it set aside $167.8 ...
Refer to a friend - PR Inside- Schroder PR Chris Schroder, 404-872-7289, ext. 13 chris@schroderpr.com or Schroder PR Devin Releford, 404-872-7289, ext. 14 devin@schroderpr.com As the financial industry takes a public relations beating amid the mortgage industry meltdown and a ...
Hong Kong's Stocks Decline; China Locomotive Jumps on Debut - BloombergAug. 21 (Bloomberg) -- Hong Kong stocks fell on renewed concern credit-market losses will damp global economic growth. Bank of East Asia Ltd. led financial companies lower. Bank of East Asia retreated 4.3 percent. Earlier this month, it reported ...
Cadence Financial Corporation Declares Cash Dividend - ForbesCadence Financial Corporation (NASDAQ: CADE) today announced that the Board of Directors declared a quarterly cash dividend of $0.05 per share. The cash dividend is payable October 1, 2008, to shareholders of record as of September 17, 2008. The ...
Local.com Nation's Largest Private-Label Local Search Network and Gay ... - Financial News USACity of Industry, CA --(www.FinancialNewsUSA.com)-- 08/21/2008 - Internet Information Provider industry news provided by Financial News USA (OTC: FNWU). Local.com Corporation (NASDAQ: LOCM) today announced that as a result of continued expansion of ...
Wall Street finishes erratic day higher - International Herald TribuneNEW YORK : Wall Street has scored a moderate gain after a volatile session that saw the major indexes ratchet up and down on the seesawing price of oil and mixed feelings about the financial sector. Concerns about mortgage financiers Fannie Mae and ...
Many South Florida owners taking losses to sell homes - Fort Lauderdale Sun-SentinelSouth Florida is seeing a big jump in the number of homeowners who are selling their properties for less than they paid, highlighting the magnitude of the region's historic housing slump. During the first half of this year, 23 percent of sellers in ...
David Prosser's Outlook: BAA's mauling from the competition watchdog ... - The IndependentFor a man who had just been told he would have to give up three of his most valuable assets, Colin Matthews, chief executive of BAA, didn't look terribly upset yesterday. Dividing his time between pointing out that the Competition Commission had ...
Dollar strengthens against euro, pound - International Herald TribuneNEW YORK : With oil prices seesawing, the dollar bounced back against the euro and the pound Wednesday after a two-day drop. The 15-nation euro slipped to $1.4741 in late New York trading from $1.4768 Tuesday, while the British pound fell to $1.8615 ...

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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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