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House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC 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 ...

Mortgage deals sprout on on old farmland - AZCentral.com
Queen Creek – Helen Williams and Matthew Conner are refugees from the big city who have found the home of their dreams on old farmland. “Coming from Chicago, the mortgage is cheaper than rent in Chicago,” Conner said, standing inside his just ...

Young Buckeye runs for state legislature - U-Wire.com
Last year, at age 19, Melissa Stanley declared her candidacy for Democratic State Representative, making her the youngest female to ever run for the Ohio legislature. Stanley was in her second and final year at Ohio State when she declared she would ...

Four Book-To-Market Buys - Forbes
Over the past several months, we've seen the consequences of financial recklessness on numerous companies in the banking, brokerage and insurance industries. Mortgage companies pushed risky loans on people unlikely to pay them off. Big banks and ...

Group Helping Tri-State Families Keep Their Homes - WCPO
New housing statistics show foreclosures in the Buckeye State are on the rise, but a group that says it has helped nearly 3 million families avoid losing their homes is hoping to change that trend. The Hope Now Alliance will show Tri-State families ...

Opportunity Homes announces housing program to fight foreclosure ... - WKYC
CLEVELAND -- This city was among the hardest hit in the country by the mortgage and foreclosure crisis. Cleveland is fighting back. On Friday, Mayor Frank Jackson, housing organizations and KeyBank announced a three-year housing program that will ...

Valley home values: Test in the West - AZCentral.com
The West Valley saw the area's sharpest declines in home prices during the past year, with some properties losing more than 30 percent of their value, according to data from Information Market analyzed by The Arizona Republic . Nine of the 10 ...

Voices are muted at crossroads of skepticism, hope - Boston Globe
ASHLAND, Ohio - After Barack Obama's victory Tuesday, the public outpourings of jubilation happened on the television screens, not in the streets, of much of the nation's heartland. In this solidly Republican part of Ohio, the celebrations were small ...

ACORN controversy: Voter fraud or mudslinging? - Boston Globe
The stories are almost comical: Mickey Mouse and Donald Duck, registered to vote on Nov. 4. The entire starting lineup of the Dallas Cowboys football team, signed up to go the polls -- in Nevada. But no one in either presidential campaign is laughing ...

A Distressing Evening - Wall Street Journal
WASHINGTON--There was a weird moment last night even before the attorney general collapsed. A man at a table near ours stood up, early in the speech, and shouted, "Tyrant! You are a tyrant!" He would have been right, too, if the definition of tyrant ...

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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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