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News about Mortgages:
Mortgage Rates Nearly Level with Last Week - Housing WireMortgage Rates Nearly Level with Last WeekHousing WireMortgage rates remained virtually unchanged in two weekly surveys this week, but remain low in the closing weeks of the Federal Reserve ...and more »
Both China and Japan Reduced US Treasury Debt Loads - BestCashCow.com (blog)Both China and Japan Reduced US Treasury Debt LoadsBestCashCow.com (blog)And I'm not talking about Austin Powers, either; I'm talking about the rank of second largest economy on Earth. Now, it won't surprise many that, ...and more »
National Bank and Trust Company Acquires the Business of Parma based American ... - MarketWatch (press release)National Bank and Trust Company Acquires the Business of Parma based American ...MarketWatch (press release)The acquisition did not include the mortgage servicing business conducted by American National Bank by its division Leader Financial Services. ...and more »
High Dollar Mortgage Fraud - KERAKERAHigh Dollar Mortgage FraudKERAKERA's BJ Austin reports. Prosecutors came to an upscale neighborhood in McKinney to announce the mortgage fraud indictment of 40 people in a scam that ...and more »
Reverse Mortgage Pro to Lead Texas Mortgage Bankers Association - Reverse Mortgage DailyReverse Mortgage Pro to Lead Texas Mortgage Bankers AssociationReverse Mortgage Daily... first reverse mortgage committee as part of “an effort to expand that sector of the membership.” Norman, who is based in the state capital of Austin, ...and more »
Honk if you love privacy (or hate having your location tracked) - ITworld.comHonk if you love privacy (or hate having your location tracked)ITworld.comThere are many examples to choose from these days, but what I'm writing about today is that wild story about cars run amok in Austin, Texas. ...
Tech Companies Reap Windfall from RESPA - Housing WireTech Companies Reap Windfall from RESPAHousing WireRecent changes to the Real Estate Settlement Procedures Act (RESPA) created a boost in sales from technology companies providing new ...
Median Homes Prices Up in San Francisco, Despite Dip in Sales - Housing WireLos Angeles TimesMedian Homes Prices Up in San Francisco, Despite Dip in SalesHousing WireIn the San Francisco Bay Area, home sales improved from January to February, but remained below last year's level. ...So Cal House Sales, Prices Up in FebruaryHousing Wireall 188 news articles »
Texas banks lending more - Austin Business JournalTexas banks lending moreAustin Business JournalIndustry observers point to Texas' stronger economy combined with the state's mortgage restrictions as enabling banks to maintain lending levels during the ...
Business briefs - Honolulu Star-BulletinBusiness briefsHonolulu Star-BulletinThe average rate on a 15-year fixed-rate mortgage was 4.33 percent, up from 4.32 percent last week. Austin, Tsutsumi & Associates' board of directors has ...and more »

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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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