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News about Mortgages:
COMMENTARY: FHA is riding to the rescue, taxpayers beware - ReutersWASHINGTON D.C. (Reuters.com) -- If you like what's happened to Fannie Mae and Freddie Mac, you'll love what could come next. With estimates putting the cost of a potential bailout to these government-sponsored mortgage giants at more than $25 ...
Aircraft parts distributor scores $28M in financing - Washington Business JournalThe Banner Aerospace Holding Company I Inc. has secured a $28 million financing package to help export its aircraft parts worldwide. The McLean-based aircraft parts distributor and its subsidiaries received a $28 million revolving credit facility ...
Mortgage application volume hits multiyear low - Washington PostResize NEW YORK -- Mortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday. The fall in application volume is the latest sign of a struggling housing market. On Tuesday ...
Mortgage Rates for Best Borrowers Rise as Bonds Slump (Update1) - BloombergAug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years ...
US-Iraq Deal: All US Troops To Leave Iraq In 2011 - US News and World ReportWASHINGTON NEWS US-Iraq Deal: All US Troops To Leave Iraq In 2011 In a development with the potential to have a huge impact on US foreign policy and on the domestic political debate, American and Iraqi negotiators have apparently set a date for the ...
U.S. MBA's Mortgage Applications Index Fell 1.5% (Update1) - BloombergAug. 20 (Bloomberg) -- Mortgage applications in the U.S. declined last week to the lowest level since December 2000, further evidence that the housing market has yet to reach bottom, as fewer homeowners sought to refinance their loans The Mortgage ...
Consumers feel fallout from Fannie, Freddie - CNBCJeff Jaye, a mortgage broker in Northern California, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify ...
Option ARM fallout to surpass subprime mess - Boston GlobeInman News In a recent column , shortly after Washington Mutual announced it would no longer offer its option adjustable-rate mortgage (ARM) to home buyers, I noted that the program was a benefit to our family because it allowed us to adjust our ...
Post Properties Sells Post Oglethorpe(R) in Atlanta for $38.5 - MSN MoneyCentralPost Properties, Inc. PPS announced today the sale of its Post Oglethorpe ® apartment community located in Atlanta, GA for a gross sales price of approximately $38.5 million. Post Oglethorpe ® is a garden-style apartment community located in the ...
Fannie, Freddie fallout hitting home - Seattle TimesJeff Jaye, a Northern California mortgage broker, used to rely on homeowners looking to refinance their loans for more than two-thirds of his business. Today, he rarely bothers with those applications because he knows most homeowners can't qualify ...

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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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