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News about Mortgages:
Real estate market hit again - Seattle Post IntelligencerThe bankruptcy of LandAmerica Financial Group has temporarily jeopardized home sales throughout Washington and beyond, and imperiled real estate investment money deposited with the company. LandAmerica reportedly was scrambling for cash earlier this ...
WaMu employees confront grim reality of being laid off - Seattle Post IntelligencerWhen Jeff VanGilder officially heard Monday that he'd lost his job at Washington Mutual, the message had a harsh and familiar tone -- it was the third consecutive Christmas season marred by a pink slip. Two years ago, General Electric snapped up the ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
How Nobel Winners Spend Their Prize Money - TimeWhen Austrian Elfriede Jelinek won the Nobel Prize in Literature in 2004, a television reporter asked what the prize meant to her. Jelinek paused, apparently amused at the foolishness of the question, then replied: financial independence, of course ...
Board urged not to close Summit school - Seattle Post IntelligencerParents, students and teachers from Seattle Public Schools' Summit K-12 implored the School Board Wednesday not to close or relocate their school as part of a plan to ease school overcrowding in the city's North End. That possibility has been ...
Microgen Accounting Hub Delivers Clear View of Mortgage Exposure for ... - CNW GroupFirst Commercial Solution to Provide Clear View of Potential Liabilities, Profit and Loss >> LONDON and NEW YORK, Sept. 23 /CNW/ - Microgen (LSE: MCGN), the information management company, announced that it has been deploying the Microgen Accounting ...
Economists pour scorn on £12.5bn cut in VAT - Times OnlineThe Chancellor was accused yesterday of using a flawed tool to stimulate the economy amid concern that the £12.5 billion temporary cut in VAT would not work properly. The reduction from 17.5 per cent to 15 per cent was too little to be effective ...
Women winemakers of Walla Walla are working the dirt and pushing the ... - Seattle TimesThe Walla Walla women of wine gathered at Forgeron Cellars winery are, left to right: Virginie Bourgue of Cadaretta; Mary Derby of DaMa Wines; Verdie Morrison of Morrison Lane; Dawn Kammer of DaMa Wines; Deborah Hansen of Cougar Crest Winery; Marie ...
CBJ: Property Transfers & Building Permits - Daily Progressl Howie, Gary A. to Keyton, Brian, parcel on Monticello Avenue, $195,000. l Commonwealth Asset Services Inc to Saxon Mortgage Inc., trust described in Deed Book 1083 at page 958, $126,100 by Deed of Transfer. l Hardie, Caroline A to Hardie, Sarah ...
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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