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Silicon Valley, Peninsula house prices, sales rise in February - San Jose Mercury NewsSilicon Valley, Peninsula house prices, sales rise in FebruarySan Jose Mercury NewsCampbell resident Michael Reed would probably agree that more listings would help prospective homebuyers like him. Reed has been looking for a home priced ...and more »
Wells Fargo agrees to modify home-equity loans - Finance and CommerceWells Fargo agrees to modify home-equity loansFinance and CommerceWells Fargo & Co., the nation's top mortgage lender, agreed to modify home-equity loans through the Obama administration's ...and more »
GMAC Said to Hire Citigroup, Goldman Sachs for TARP Repayment - BusinessWeekGMAC Said to Hire Citigroup, Goldman Sachs for TARP RepaymentBusinessWeekMarch 17 (Bloomberg) -- GMAC Inc. hired Citigroup Inc., another bank controlled by the US government, to explore how to repay bailout ...and more »
Umberger: IRS wants proof of purchase with homebuyer credit - Chicago TribuneUmberger: IRS wants proof of purchase with homebuyer creditChicago Tribune... buyers was nearly flat from January to February, according to research firm Campbell Communications and Inside Mortgage Finance, a trade journal. ...
MAHONING COUNTY COURT FILINGS - Youngstown VindicatorMAHONING COUNTY COURT FILINGSYoungstown VindicatorLisa Wallace et al, foreclosure and reformation of mortgage. Home Savings and Loan of Youngstown v. David A. Simonelli et al, foreclosure. ...
Interbank Repos Show European Money Market Recovery - BusinessWeekInterbank Repos Show European Money Market RecoveryBusinessWeekRepos are collateralized loans used to finance investments in Treasury, corporate and mortgage-backed securities. The survey “confirms the tentative signs ...and more »
Liam Fox loses appeal over £25000 expenses payback - The GuardianLiam Fox loses appeal over £25000 expenses paybackThe Guardian"I entirely accept that, like many others, you could have made other claims if the fees office had rejected your claims for mortgage interest, ...and more »
Health calls jam House lines; OC reps speak out - Total Buzz (blog)Total Buzz (blog)Health calls jam House lines; OC reps speak outTotal Buzz (blog)Campbell also zeroed in on whether the bill is affordable. “It's like learning that you can't pay the mortgage on your house and guying a second one and ...and more »
Due South and Landing Pointe Apartments Sold in Phoenix - BigNews.biz (press release)Due South and Landing Pointe Apartments Sold in PhoenixBigNews.biz (press release)... multifamily properties: Due South Apartments at 8818 South Central Avenue and Landing Pointe Apartments at 2417 West Campbell Avenue, in Phoenix, Ariz. ...and more »
LendAmerica's Ashley banned from FHA mortgage mart - ReutersHULIQLendAmerica's Ashley banned from FHA mortgage martReutersUS Attorney for the Eastern District of New York Benton Campbell in October alleged Ashley, as LendAmerica's chief business strategist, had violated ...Lend America, VP barred from mortgage industryNewsday (subscription)FHA Bans Lend America's Ashley From Mortgage DealingsHULIQReport claims former Lend America head Ashley barred from FHA for lifeNational Mortgage Professional Magazineall 6 news articles »

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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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