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2 NC GOP lawmakers switch stances, pass bailout - Forbes2 NC GOP lawmakers switch stances, pass bailoutForbes, NY - Oct 3, 2008Patrick McHenry and Walter Jones, along with Democratic Reps. Heath Shuler, GK Butterfield and Mike McIntyre, also voted against the package. ...
McHenry comments on revised bailout plan - Shelby StarMcHenry comments on revised bailout planShelby Star, NC - Oct 3, 2008The proposal allows the federal government to spend billions to buy bad mortgage-related securities and devalued assets from troubled financial institutions ...
Scams Sprout from Financial Crisis - Consumer AffairsScams Sprout from Financial CrisisConsumer Affairs - 3 hours agoMichel of McHenry, IL: Count me in, not only to sue the bastards, but send them to jail, if we poor slobs broke the laws as they did, that's where we'd end ...
Getting a Mortgage After a Home Foreclosure - U.S. News & World ReportGetting a Mortgage After a Home ForeclosureU.S. News & World Report, DC - Sep 10, 2008Perhaps the best option for obtaining a mortgage after foreclosure is with a federally insured FHA loan, says Jerry DuPaw Jr., a McHenry, Ill., ...
Democrats to blame - Contra Costa TimesDemocrats to blameContra Costa Times, CA - Sep 30, 2008As a teacher, I'm disturbed to learn that Superintendent Gary McHenry stated he was made aware of the penalty the previous Thursday. ...
McHenry cautious on bailout; Johnson criticizes record on deregulation - Morganton News HeraldMcHenry cautious on bailout; Johnson criticizes record on deregulationMorganton News Herald, NC - Sep 23, 2008"Time and time again, McHenry, who has accepted campaign contributions from subprime mortgage lenders like Countrywide, has taken the side of big Wall ...
NC Lawmakers Skeptical of Mortgage Debt Bailout - Media General Washington BureauWashington PostNC Lawmakers Skeptical of Mortgage Debt BailoutMedia General Washington Bureau, DC - Sep 22, 2008Patrick McHenry, RN.C., said a major concern was the amount of taxpayer money needed to finance the bailout. Analysts said over the weekend that the plan ...NC lawmakers at odds over bailout proposals South Carolina Nowall 139 news articles
Bad credit-card debt could be next shot to economy, researcher says - MarketWatchBad credit-card debt could be next shot to economy, researcher saysMarketWatch - Sep 30, 2008... said Justin McHenry, research director with IndexCreditCards.com. "But I don't see anything to the magnitude of what we've seen in the mortgage market. ...
Tightening of credit cards expected - The Enterprise LedgerTightening of credit cards expectedThe Enterprise Ledger, AL - Oct 4, 2008Many consumers already got hit hard by the housing-price tumble and mortgage foreclosures, he said. Now bank failures and the deteriorating economy have ...
Bailout questions teem - Northwest HeraldBailout questions teemNorthwest Herald, IL - Sep 9, 2008“On the whole, I think it’s good news,” said Sheila Butt, president of the McHenry County Association of Realtors and managing broker of Prudential First ...

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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.
View all Terms |