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Toys for Tots Drop-off Sites - WBAY Green BayToys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. The deadline for dropping off ...
Wirth may lose medical building in foreclosure - Minneapolis-St Paul Business JournalJeffrey Wirth. owner of the Grand Hotel Minneapolis and the Bloomington Radisson/Water Park of America, is about to lose one of his office buildings to foreclosure. A California-based mortgage company will assume the title for Central Medical ...
Ashford Hospitality Trust sells $148.2M in assets - Dallas Morning NewsAshford Hospitality Trust Inc. said today that it has sold $148.2 million in assets as part of an ongoing plan to sell certain assets and use the proceeds for stock repurchases and other uses. In the third quarter, Ashford sold the Radisson Hotel in ...
Saskatchewan Housing Market to Lead the Nation in 2008 - CNW GroupSASKATOON, SK, Feb. 7 /CNW/ - Housing market analysts predict Saskatchewan will set several new records this year. The sold-out crowd attending Canada Mortgage and Housing Corporation's (CMHC) Saskatchewan Housing Outlook Conference will hear first ...
Downtown changes: New lofts, $1.9M hotel improvement - Democrat and ChronicleEven before Renaissance Square and PAETEC Holding Corp. arrive downtown, there are changes coming. One is at the Clarion Riverside Hotel. The hotel, owned by SGP Associates LLC, is planning to change its name to the Radisson Riverside and embark on a ...
First Niagara Bank subsidiary takes control of Krispy Kreme site - Buffalo NewsFirst Niagara Bank now owns the closed Krispy Kreme restaurant on Walden Avenue in Cheektowaga. The bank’s First Niagara Funding took title to the vacant donut shop Sept. 30, two weeks after the Buffalo area’s last Krispy Kreme location went out ...
The Cabinet reshuffle: supergroup, or a sad tribute act? - Times OnlineBefore dawn on Friday, Gordon Brown summoned a small group of confidants to the cabinet room at 10 Downing Street to thrash out the final details of his reshuffle plan. Around the long mahogany table were Sue Nye, his trusted director of government ...
Towns: Hard times trickle down - Union LeaderMANCHESTER – Local government leaders heard the sobering assessment yesterday that the state's recession-teetering economy could hurt their revenues well into 2009. Brian J. Gottlob, of the Dover-based PolEcon Research, said towns and cities may ...
ROI Capital completes $118 million in new loans - CNW GroupTORONTO, Sept. 22 /CNW/ - ROI Capital Ltd. (ROI) is pleased to announce the recent closing of seventeen new private placement loans along with seven follow-on loans to existing ROI portfolio companies. With the completion of these loans, ROI has ...
Scranton Catholics, Defying Bishop, Put Economy Before Religion. - Huffingtonpost.comLast Saturday, Gerri Williams and Audrey Williams sat inside the food court at Steamtown mall escaping the rain that poured over the abandoned steam trains at the railroad yard in downtown Scranton, Pennsylvania. The Williams sisters -- who are in ...
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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