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News about Mortgages:
Repossession promise by RBS is 'PR stunt' say mortgage experts - Daily TelegraphRBS, which became part-nationalised last week, has announced that it will not start repossession proceedings against any of their customers unless they are at least six months in arrears. While experts have said this will give struggling customers ...
Booksellers: Contemplating Life Without Music and Harry Potter - Seekingalpha.comBookseller Borders reported wide Q3 losses, lower traffic and a struggle to reorganize and pay down debt. Interesting trends emerge from Borders Group's Q308 conference call: Music is disappearing from stores. Does this mean it's all going online to ...
JK Rowling's latest book unveiled - Harrow TimesA £2 million original version of JK Rowling's latest book has been unveiled as Harry Potter mania grips the globe once again. The unveiling comes as The Tales Of Beedle The Bard, the first new book from the author since Harry Potter And The Deathly ...
Libor rate latest - This is MoneyWe explain Libor , its relationship with the bank rate and why it is so important in the credit crunch and for influencing mortgage pricing... Commentary from Editor Andrew Oxlade (4 Dec): Libor has fallen from 3.79% to 3.72% overnight, a sizeable ...
Media News Stories - Atlanta Journal ConstitutionThe Atlanta Fire Rescue Department is donating 800 carbon monoxide/smoke detectors to Georgia Tech to be used in student housing units... Jimmy Carter writes new book on Middle East (12/04/2008) Former President Jimmy Carter has written a new book on ...
Giving thanks for community generosity - Inside NovaThe Salvation Army Christmas Basket got a big dose of generosity over the Thanksgiving holiday, bringing in a total of $950 from Wednesday through Friday. News & Messenger publisher Bruce Potter has set this year's goal at $50,000. Less than a week ...
Man found with mum's skeleton in home - ninemsnPolice investigating a foreclosed Los Angeles house found the skeleton of an elderly woman, apparently dead for two years, who had lived there with her 48-year-old son. Coroner's officials said they were trying to identify the woman they believe was ...
Brown aims to halt repossessions - Watford ObserverGordon Brown has moved to stem growing repossessions with a £1 billion package to allow struggling homeowners to defer mortgage payments for up to two years. Eight major lenders, accounting for about 70% of the UK mortgage market, have signed up to ...
CONSUMER FOCUS:Marital and monetary bliss - Buffalo NewsCheap is the new chic.” That’s what a character from the “Ugly Betty” sitcom said recently during a party-planning scene. That’s right. Frugal is fashionable, no longer a dirty word. And that applies to weddings, too, which can spike into ...
US credit-rating industry gets new rules - ninemsnFederal regulators have adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis. 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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