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Why Fannie and Freddie Will Survive (Alas) - Wall Street JournalWashington PostWhy Fannie and Freddie Will Survive (Alas)Wall Street Journal - Aug 26, 2008So the two mortgage giants don't need the capital-raising everybody urges on them -- but their shareholders do. An injection of new money is their best hope ...Wall St. loses momentum as financial woes persist AFPFannie-Freddie rescue affects 'preferred' shareholders Mail TribuneComment by Christopher Whalen Managing Director, Institutional Risk Analyticsall 1,524 news articles
HOT STOCKS TO WATCH: Borders, Amylin, Applied Signal - CNNMoney.comHOT STOCKS TO WATCH: Borders, Amylin, Applied SignalCNNMoney.com - 20 hours agoFitch has withdrawn its ratings of reinsurer Triad Guaranty Inc. (TGIC) and its mortgage-insurance subsidiary, following the company's decision to run off ...
Why Credit Crisis Spread - Hartford CourantWhy Credit Crisis SpreadHartford Courant, United States - Aug 25, 2008But the tepid response also reflects a broad realignment of law-enforcement priorities at the Justice Department, in which mortgage fraud and other ...
FOMC Minutes: Fed Poised To Take Harder Stand On Inflation - ClusterstockFOMC Minutes: Fed Poised To Take Harder Stand On InflationClusterstock, NY - Aug 26, 2008Tight conditions in the mortgage credit markets continued to restrain housing demand, particularly for borrowers seeking nonconforming mortgages. ...
Bridgeton developer offers rent-free month to entice working ... - Press of Atlantic CityBridgeton developer offers rent-free month to entice working ...Press of Atlantic City, NJ - 1 hour agoPeter Kasabach, executive director for NJ Future, a research and policy group that advocates smart growth, said the state's Housing and Mortgage Finance ...
Mersch Says ECB to Announce Changes to Collateral Rules Soon - BloombergMersch Says ECB to Announce Changes to Collateral Rules SoonBloomberg - Aug 24, 2008``It's not a broad-based revolution,'' said Mersch, who is attending a meeting of central bankers and financial officials organized by the Fed. ...
DJ US Stocks Decline On AIG, Lehman Fears; DJIA Off 240 Points - Onet.plDJ US Stocks Decline On AIG, Lehman Fears; DJIA Off 240 PointsOnet.pl, Poland - Aug 25, 2008Market participants say the financial sector, and by extension the broad stock market, can't stabilize until the housing market and mortgage-finance system ...
Stocks hit hard on bank woes - CNNMoney.comStocks hit hard on bank woesCNNMoney.com - Aug 25, 2008"You're seeing a rolling problem that started two years ago in the mortgage business, and we haven't touched the bottom of the swimming pool in terms of the ...
Steiner touts experiences in House bid - Nashua TelegraphSteiner touts experiences in House bidNashua Telegraph, NH - 21 hours agoHe also supports a broad policy of deportation while allowing for exceptions in some cases and supports local law agencies enforcing immigration laws as ...
Trading Scandal's Legacy, Five Years On - Wall Street JournalTrading Scandal's Legacy, Five Years OnWall Street Journal - Aug 25, 2008Knowing that European markets closed hours before the domestic exchanges, speculators would look for days when the broad market had risen sharply. ...
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