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IRS to offer some relief to strapped taxpayers - Baltimore SunAs the nation sinks deeper into recession, the Internal Revenue Service is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped but make a good-faith effort to ...
Finally, a big idea from the Fed - Bloggingstocks.comThe Federal Reserve will buy up to $500 billion in mortgage-backed securities early next year. This marks the first move by the agency that may actually help turn the credit markets around quickly. The Fed has tried cutting interest rates to 0%. This ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Call InBev’s board proposal self-serving? Check. Play up experience, independence and sophistication of existing A-B board? Check. Make ...
How the Middle East crisis affects oil prices - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. Is the recent jump in oil prices directly related ...
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