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Soybeans Drop To Two-Week Low - RTT News
(RTTNews) - The price of soybeans fell on Wednesday and found a two-week low. Soybeans for immediate delivery moved to $12.54, down 47.5 cents on the session. The grain fell as low as $12.51 earlier in the session. FC Stone estimated the national ...

Investment Sales - New York Observer
Macklowe Properties Chairman Billy Macklowe. Hot damn! The Real Deal is reporting that Deutsche Bank is suing Macklowe Properties "to foreclose on $482 million in principal loaned to develop the Drake Hotel site at Park Avenue and 56th Street ...

The Conservative Origins of the Sub-Prime Mortgage Crisis - Common Dreams
Hardly a day goes by without a news story about the accelerating number of foreclosures, an economic tsunami that is causing chaos in the housing and stock markets, the banking industry, and the global money markets, not to mention upending families ...

Subprime Lending Hurts Homeowners - Social Funds
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...

His Space - Wired
Perched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...

Options to solve credit challenges - Atlanta Journal Constitution
With mortgage delinquencies on the rise, many lenders are tightening their standards, even cutting out 100 percent financing altogether. In some cases, even borrowers with great credit are having to work harder to justify loan amounts. So what ...

Bipartisan energy bill a bad effort - North County Times
If Patricia McFarlane (Letters, Feb. 25) had bothered to read the Energy Independence and Security Act, she might not have agreed with Nick Leibham. She states "that bill was a bipartisan effort." Fourteen Republicans voted for it, and seven ...

Slash your mortgage - ninemsn
Paying off the biggest amount of money you are ever likely to borrow — your home mortgage — is a dream many share. Money has 10 top tips to help make the dream a reality. Getting something for nothing is rare, but sometimes it is possible to get ...

Mystery shrouds death of 32-year-old woman - Tribune
A 32-year-old woman allegedly ended her life at her Sector 23 residence this here evening. The police has booked her husband, his father, mother and elder sister on allegation of abetment to suicide and subjecting a woman to cruelty on the basis of a ...

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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.

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