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Work begins on 2010 Citirama - Cincinnati.comWork begins on 2010 CitiramaCincinnati.comHosted by the city of Cincinnati and the Home Builders Association of Greater Cincinnati, this year's show is being held at Rockford Woods in Northside. ...and more »
Rockford family able to stay in their home after getting their Mortgage Modified - WIFRRockford family able to stay in their home after getting their Mortgage ModifiedWIFR23 news Economic Reporter Kristin Burke introduces us to one Rockford family who is now able to clean up missed mortgage payments and move on.. at least for ...and more »
WREX.com – Rockford's News LeaderLetter: Lehman accounting tricks possibly illegal - WREX-TVWREX.com – Rockford's News LeaderLetter: Lehman accounting tricks possibly illegalWREX-TVThe examiner, Anton Valukas, discovered that Lehman put together complex transactions that allowed the firm to sell "toxic," mostly mortgage-backed, ...and more »
WREX.com – Rockford's News LeaderMom of octuplets may lose home to foreclosure - WREX-TVWREX.com – Rockford's News LeaderMom of octuplets may lose home to foreclosureWREX-TVMortgage holder Amer Haddadin says he is starting foreclosure proceedings on the $565000 La Habra residence because the family hasn't kept up the payments. ...and more »
WREX.com – Rockford's News LeaderTax Tip: 10 facts about Mortgage Debt Forgiveness - WREX-TVWREX.com – Rockford's News LeaderTax Tip: 10 facts about Mortgage Debt ForgivenessWREX-TVAP News If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the ...and more »
WREX.com – Rockford's News LeaderSale of City Plaza building to be finalized ... - WREX-TVWREX.com – Rockford's News LeaderSale of City Plaza building to be finalized ...WREX-TVThe sale of the building from Commercial Mortgage and Finance to the county was approved last month by a federal bankruptcy judge with a price tag of ...
H. Stanton Johnson; Mortgage Banker, Active at Calvary - Palisadian-PostPalisadian-PostH. Stanton Johnson; Mortgage Banker, Active at CalvaryPalisadian-PostStan was born May 23, 1923, in Rockford, Illinois, and moved with his family to California, where he attended University High School in West LA'He enlisted ...
WREX.com – Rockford's News LeaderFlood Relief Fair to be held for Winnebago ... - WREX-TVWREX.com – Rockford's News LeaderFlood Relief Fair to be held for Winnebago ...WREX-TVVictims will get help with things like home repairs, mold removal, paying rent/mortgage and utility bills, appliance replacement and furnishings replacement ...and more »
WREX.com – Rockford's News LeaderHousing market gaining steam into spring - WREX-TVWREX.com – Rockford's News LeaderHousing market gaining steam into springWREX-TV"Based on the current six year history of 30 year fixed mortgage rates, when interest rates go up, they do so quickly and dramatically. ...
Amcore Bank may be on auction block for takeover - The Courier NewsAmcore Bank may be on auction block for takeoverThe Courier NewsRockford-based Amcore was warned by federal officials in November that the bank didn't have enough capital to be stable and needed to reorganize or be taken ...
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.
View all Terms