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News about Mortgages:
S&P cuts credit ratings on PNC 1 notch - ForbesS&P cuts credit ratings on PNC 1 notchForbes, NY - 10 hours agoNational City had been Ohio's largest bank, but it experienced billions of dollars in losses due to its heavy exposure to risky mortgages. ...
Losing home to save it - Akron Beacon JournalLosing home to save itAkron Beacon Journal, OH - 13 hours agoAnd with his mortgage payments hovering around $1700 a month, he's at risk of losing his four-bedroom Akron home. ''I have four children and do everything I ...
Glimcher sells Kansas mall for $20.5M - MSNBCGlimcher sells Kansas mall for $20.5MMSNBC - Jan 6, 2009COLUMBUS, Ohio - Mall owner Glimcher Realty Trust said Tuesday it sold a Kansas City-area mall for $20.5 million as part of a plan to sell off non-strategic ...Glimcher sells Kansas mall Business First of Columbus Bizjournals.comGlimcher Announces the Sale of The Great Mall of the Great Plains ... PR Newswire (press release)all 35 news articles
Lesbian couple invited to take a ride on Obama's train to Washington - PinkNews.co.ukPinkNews.co.ukLesbian couple invited to take a ride on Obama's train to WashingtonPinkNews.co.uk, UK - 10 hours ago"Lisa’s record of involvement in progressive causes runs the gamut from combating mortgage redlining by analysing Home Mortgage Disclosure Act data, ...
Bret Guido Financial Advice: Preserve Monroe Homeownership - MainStreetMonroe.comBret Guido Financial Advice: Preserve Monroe HomeownershipMainStreetMonroe.com, Ohio - Jan 7, 2009Foreclosure filings grew by double-digit rates in 39 of Ohio 's 88 counties, and state-wide they have more than quintupled since 1995. ...
Battery Park Rent Control - Wall Street JournalBattery Park Rent ControlWall Street Journal - Jan 6, 2009Developers Diversified, of Beachwood, Ohio, owns and manages 720 shopping centers globally. Miami condominium maestro Jorge Pérez has refinanced 136 units ...
Entwistle & Cappucci LLP Files Class Action Lawsuit Against ... - PR-Inside.com (Pressemitteilung)Entwistle & Cappucci LLP Files Class Action Lawsuit Against ...PR-Inside.com (Pressemitteilung), Austria - 10 hours agoThe lawsuit is brought on behalf of all persons or entities who purchased National City's 4.0% Convertible Senior Notes Due 2011 ("4.0% Notes" or "Notes") ...
Borrowers to get holiday bonus - Charleston GazetteState JournalBorrowers to get holiday bonusCharleston Gazette, USA - Dec 27, 2008About 3000 West Virginians will soon get a check from National City Mortgage, as part of a settlement of a class-action lawsuit against the Ohio-based ...West Virginia Air National Guard Members Set To Deploy WOWKall 4 news articles
PNC completes National City acquisition - ForbesPNC completes National City acquisitionForbes, NY - Dec 31, 2008... in October because their businesses have been hurt by high-risk mortgage loans, and National City had been weighed down by Ohio's struggling economy. ...
National City acquisition opens new doors for PNC - MSNBCNational City acquisition opens new doors for PNCMSNBC - Dec 29, 2008The acquisition also gives PNC the opportunity to pick up National City’s credit card and mortgage lending product lines. In brief comments before the ...PNC takeover of National City Bank may not be a plus for local ... The Plain Dealer - cleveland.comPNC/Nat. City Deal Approved, Corsair Exits Private Equity Huball 14 news articles
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