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News about Mortgages:
MetLife enters Wichita market as mortgage industry adjusts to ... - Bizjournals.comMetLife enters Wichita market as mortgage industry adjusts to ...Bizjournals.com, NC - 22 hours agoWith the mortgage crisis in full bloom — and credit in question — Wichita’s mortgage lending scene is getting a shake up. MetLife Inc. a month ago finished ...
Tiahrt and Betts visit Nonprofit Chamber - Kansas.comTiahrt and Betts visit Nonprofit ChamberKansas.com, KS - Oct 10, 2008Donald Betts met briefly with leaders of Wichita-area nonprofit groups Friday in a rare forum that included both congressional candidates. ...
A strong competitor - Kansas.comA strong competitorKansas.com, KS - Oct 3, 2008Wells Fargo has a strong presence in the Wichita mortgage market. According to First American Title's most recent TREM Report for Sedgwick County, ...
Report: Wichita housing starts down in June - Bizjournals.comReport: Wichita housing starts down in JuneBizjournals.com, NC - Oct 2, 2008Capitol Federal Savings led all mortgage lenders in June, originating $18 million in home loans. Home sales were down for the month.
Matter of Records, October 6 - Times Record NewsMatter of Records, October 6Times Record News, TX - Oct 6, 2008Dwaine C. Grant, et ux, to George R. Medlen, Trustee, State Nat’l Bank, 1.97 acres out of Unit 8 of the Wichita Valley Farm Lands Addition, $109593.00, ...
Wichita home builders push for bailout plan - Bizjournals.comWichita home builders push for bailout planBizjournals.com, NC - Sep 25, 2008The Wichita Area Homebuilders Association is urging the local congressional delegation to support the proposed $700 billion economic bailout plan. ...
Wichita’s foreclosure rate on the rise, data says - Bizjournals.comWichita’s foreclosure rate on the rise, data saysBizjournals.com, NC - Sep 19, 2008Still, the numbers point to tougher times for Wichita homeowners. The mortgage delinquency rate in Wichita — for mortgages that were 90 days or more ...
Building Permits Down in '08 - istockAnalyst.com (press release)Building Permits Down in '08istockAnalyst.com (press release), OR - Oct 3, 2008That figure is a trend across the Wichita home-building industry. Chris Goebel's Star Lumber builder supply business is down 17 percent. Mortgage ...
Rivals want to spur growth - Sarasota Herald-TribuneRivals want to spur growthSarasota Herald-Tribune, FL - Oct 10, 2008EDUCATION: Wichita State University, Minn., nursing; Troy University, BSN, nursing. PUBLIC SERVICE: Mentor with Port Charlotte High School’s Take Stock in ...
Bailouts may not do much to help average families - Kansas.comBailouts may not do much to help average familiesKansas.com, KS - Sep 20, 2008The Wichita area -- with its low-cost and slow-moving housing market -- has weathered the storm better than most. At present, 554 houses are in foreclosure ...

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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.
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