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home improvements, consolidate your debt, or get a mortgage as low as $695 per month. The fastest and easiest way to get a mortgage in the state
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News about Mortgages:
SE Financial Corp. Announces Third Quarter 2008 Results - MarketWatchSE Financial Corp. Announces Third Quarter 2008 ResultsMarketWatch - 11 hours agoAs of July 31, 2008 the over 90 day delinquent loans totaled $173.7 thousand and was comprised of one 1-4 family residential mortgage loan. The Bank does ...
Calling Hank Paulson - Wall Street JournalSt. Louis Post-DispatchCalling Hank PaulsonWall Street Journal - 4 hours agoWith the right leader and a mandate to go out of business, a new RTC could contribute to a faster end to the mortgage and banking woes. ...Problem bank list keeps growing CNNall 1,111 news articles
Learned complacency - McCook Daily GazetteLearned complacencyMcCook Daily Gazette, NE - 18 hours agoWe, as a group, are pushing the boulder of progress up a great hill. The going is often slow. We will lose our grip from time to time and the boulder rolls ...
Property investors nervous as American shoppers turn away - Financial TimesProperty investors nervous as American shoppers turn awayFinancial Times, UK - Aug 25, 2008Its mortgages on seven of the stores that are closing were packaged up by Bank of America into a commercial mortgage backed security deal. ...
Fannie, Freddie debt gains, deep share dive abates - guardian.co.ukFannie, Freddie debt gains, deep share dive abatesguardian.co.uk, UK - Aug 21, 2008The two GSEs have reported losses for the past four quarters, and rising mortgage delinquencies cut into the value of their assets and capital. ...
Reliving the S&L Meltdown - Wall Street JournalWall Street JournalReliving the S&L MeltdownWall Street Journal - Aug 19, 2008Merrill Lynch sold $30 billion of subprime mortgage-related debt to a hedge fund for 22 cents on the dollar. Does that mean the houses underlying these ...
Bank job pays the bills, but radio provides the thrills - TheDoings-ClarendonHills.comBank job pays the bills, but radio provides the thrillsTheDoings-ClarendonHills.com, IL - Aug 26, 2008The 42-year-old sales manager for Fifth Third Mortgage in Clarendon Hills has had a love for live radio since he worked for WKKD in Aurora. ...
Same old class warfare in this race - Atlanta Journal ConstitutionSame old class warfare in this raceAtlanta Journal Constitution, USA - Aug 22, 2008That, presumably, is Barack Obama, though the cautious observer does not discount the possibility that Bill and Hill will seize the show. Leading up to it, ...
Werther's Law - Antiwar.comWerther's LawAntiwar.com, CA - Aug 26, 2008Biden was Capitol Hill's main cheerleader for Bill Clinton when the latter unleashed his idiotic 100-hour bombing campaign against Iraq in order to divert ...
Mortgage Crisis Roughs Up IndyMac - WNBCMortgage Crisis Roughs Up IndyMacWNBC, NY - Aug 24, 2008[S&P, like BusinessWeek, is owned by McGraw-Hill.] IndyMac, as one of the country's biggest Alt-A originators, is vulnerable as the defaults rise among ...
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