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When seeking meltdown villain, don't overlook mortgage lenders - Arizona Daily Star
When seeking meltdown villain, don't overlook mortgage lendersArizona Daily Star, AZ - Oct 11, 2008By Caroline Baum One hundred years from now, the publication of "The Panic of 2008" will provide an opportunity to reconstruct the events of today and ...

Bank Writeoffs May Rise, Bond Spreads Fall on TARP (Update3) - Bloomberg
Bank Writeoffs May Rise, Bond Spreads Fall on TARP (Update3)Bloomberg - Oct 6, 2008By Jody Shenn and Caroline Salas Oct. 6 (Bloomberg) -- The US Treasury's $700 billion plan to rescue the nation's banks from the subprime mortgage debacle ...

The downfall of the masters of the universes makes way for the ... - Times Online
The downfall of the masters of the universes makes way for the ...Times Online, UK - 18 hours agoGone, too, should be the facile hyping of home ownership by housing ministers such as Yvette Cooper and Caroline Flint. Their talk of the “right” of all ...

Market plunge is hitting localities: Governments facing shrinking ... - TMCnet
Market plunge is hitting localities: Governments facing shrinking ...TMCnet - 11 hours agoCaroline County is hoping for the same when it opens bids from two local banks for its proposed seasonal, short-term borrowing of $5 million. ...

Stories from the crunch frontline - guardian.co.uk
Stories from the crunch frontlineguardian.co.uk, UK - Oct 4, 2008Caroline Jacques, 36, is an occupational therapist from Ubley, near Bristol. 'The media has a lot to answer for. News has a big impact on people's lives and ...

Michelle Obama @ Marie Claire - FOXNews
Michelle Obama @ Marie ClaireFOXNews - Oct 10, 2008I’ve had great conversations with Hillary Clinton, Tipper Gore, and Caroline Kennedy, and they’ve all given me advice on how to make sure your kids are ...

Gaz Métro inc. to issue $150 million of 5.40% Series L First ... - Canada NewsWire (press release)
Gaz Métro inc. to issue $150 million of 5.40% Series L First ...Canada NewsWire (press release), Canada - Oct 8, 2008The proceeds will be added to Gaz Métro's general funds and will be used to reimburse all outstanding 6.05% Series H First Mortgage Bonds of GMi of an ...

Caroline Flint: In the Frame - 24dash
Caroline Flint: In the Frame24dash, UK - Sep 30, 2008Many housing partners are developing models for mortgage rescue to help families with children, older people and other vulnerable groups stay in their homes ...

Your Financial Questions Answered - KRNV
Your Financial Questions AnsweredKRNV, NV - Oct 9, 2008Caroline Sparks Q: I was going to take all of my loans and consolidate, but I am afraid of putting my home as collateral when it is fully paid off. ...

Don't let the credit crunch wreck your marriage - Mirror.co.uk
Don't let the credit crunch wreck your marriageMirror.co.uk, UK - Oct 10, 2008By Caroline jones 10/10/2008 There's an old saying that "when bills come through the door, love flies out the window" and it couldn't be more relevant than ...

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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
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