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Mall owners hit the wall - Tracy PressThough the owners of Tracy’s West Valley Mall are fighting to stave off bankruptcy, local officials say the retail center’s business will continue as usual. A shopper walks out of the West Valley Mall Friday afternoon. The mall’s owners face ...
Obama wants $500 tax cut for most workers - WTOP RadioWhile I'll certainly take $500, I agree that it's a drop in the bucket for most of us. Something like $10,000 would allow me to refinance my mortgage, get a lower payment, and thus be able to "help" the economy more per month. If it's not Libertarian ...
UK’s refinancing timebomb - Times OnlineCORPORATE BRITAIN is facing a refinancing timebomb this year as more than £50 billion of bank debt expires during the biggest credit crunch in global history. The soaring cost of capital and the paucity of available debt financing will squeeze even ...
Corporate Britain's refinancing timebomb - Times OnlineCORPORATE BRITAIN is facing a refinancing timebomb this year as more than £50 billion of bank debt expires during the biggest credit crunch in global history. The soaring cost of capital and the paucity of available debt financing will squeeze even ...
Mortgage-modifying programs may not be your best option - ksl.comReluctantly, I am admitting that I may be one who fits in this catagory. I purchased my home 6 years ago on an ARM and I am very worried about what to do next. I have until 2011, that is when my loan will change. I am looking into refinancing at 5 ...
Rescue me!: Foreclosures sweep through housing markets - TradingMarkets.comThere are some last-minute things you can do to save your home, said Nicole Caldwell, the vice president of professional services at Consumer Credit Counseling Service. "It's never too early to get help. Don't be afraid of talking to the mortgage ...
CHILE: Salmon Industry Workers Demand Subsidies - Inter Press ServiceSANTIAGO, Dec 3 (IPS) - Workers in Chile’s salmon industry are demanding that the national government grant assistance to thousands of the sector’s workers who have been laid off due to the sanitary crisis affecting the sector. With the aim of ...
Judges Need Power To Stem Foreclosure Flood - Hartford CourantWashington has worked overtime to rescue Wall Street, but has done little to help homeowners caught in the mortgage mess, the crisis that started our economic crash. It is likely to get worse. In 2008, a record 1.6 million homeowners lost their homes ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Main Street versus Wall Street. Socialism versus Capitalism. The virtues of a $700 billion rescue package for banks. It all boils down to the ...
2008? Not so great - WISC NewsLooking back on one of the most turbulent economic years since the Great Depression, the news for Dodge County's economy isn't good or bad. It's complicated. Fred Schwertfeger, president of Horicon Bank, said Dodge County was spared much of the ...
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