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News about Mortgages:
Canada’s prime minister admits jobs and savings in peril - World Socialist Web SiteCanada’s prime minister admits jobs and savings in perilWorld Socialist Web Site, MI - Oct 8, 2008Harper and Finance Minister Jim Flaherty have argued that the sub-prime-mortgage-fueled financial meltdown on Wall Street does not apply to the Canadian ...
All Reader Comments - BusinessWeekAll Reader CommentsBusinessWeek - Sep 21, 2008Why is WaMu's mortgage business still in such bad shape? Bill Sep 21, 2008 4:22 AM GMT I have been a customer for more than 1 yr. I live in eastern europe 6 ...
Canada: Financial crisis intrudes on federal election campaign - World Socialist Web SiteCanada: Financial crisis intrudes on federal election campaignWorld Socialist Web Site, MI - Sep 23, 2008At the same time, Canada is not in the same situation as the United States.” Taking a page from the playbook of US Republican Presidential nominee John ...
Resort in Rangel scandal unaware of flap - MiamiHerald.comResort in Rangel scandal unaware of flapMiamiHerald.com, FL - Sep 26, 2008Punta Cana managers used the income to pay down Rangel's mortgage and never sent him money, with two exceptions: $2094 ''accidentally wired'' in 2001 and ...
The sky isn’t falling - Gillette News RecordThe sky isn’t fallingGillette News Record, WY - Oct 5, 2008... said. “But right now, they can’t get a mortgage because they can’t sell their homes.†Albert Howell is the developer for Ash Meadows subdivision, ...
Taxes: No hablo Ingles - St. Louis Post-DispatchTaxes: No hablo InglesSt. Louis Post-Dispatch, United States - Sep 22, 2008"As I've spent time basking in the sun on the beach at Punta Cana in the Dominican Republic, where I have a little house facing a big ocean, I've thought of ...
US Senate passes bailout bill 74 votes to 25 - Birmingham StarUS Senate passes bailout bill 74 votes to 25Birmingham Star, AL - Oct 2, 2008Instead of mandating that the US Treasury purchase up to $700 billion in teetering mortgages and mortgage-backed securities, as the plan backed by the Bush ...
Opportunistic Excursions: To the Dominican Republic - Paste MagazinePaste MagazineOpportunistic Excursions: To the Dominican RepublicPaste Magazine, GA - Sep 17, 2008There were no zombies at the Allegro Punta Cana resort, unless you consider the behavior of the bartenders if you forget to tip them. ...
Wall Street Melt Down and Grand Bahama Island Real Estate - thebahamasweekly.comWall Street Melt Down and Grand Bahama Island Real Estatethebahamasweekly.com, Bahamas - Oct 1, 2008At the root of the problem is the breakdown of the new model of mortgage lending, when instead of giving mortgages directly to their customers, ...
Rangel Admits To More Errors In Tax Disclosures; Hires Forensic ... - AHNNew York Daily NewsRangel Admits To More Errors In Tax Disclosures; Hires Forensic ...AHN - Sep 15, 2008Payments from the villa were handled by Rangel's wife and were never sent directly to Rangel or his family, but used to pay for a mortgage. ...The Secret Adventures of the Sovereign SocietyRangel Owes US Back Taxes, Lawyer Says New York Times BlogsPelosi: No Decision On Rangel's Chairmanship Yet AHNall 615 news articles
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