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Lenders sending dramatically fewer foreclosure notices - North Bay Business JournalRoundup of North Bay bank earnings Banking: Financial advisers urge clients to employ discipline Business Journal Q&A: Exchange Bank president looks ahead For local banks, credit still flows BANKING: Banker Glen Terry named new CEO of Vineyard Bank ...
On the move - Santa Rosa Press DemocratBrett Martinez, president and CEO of Redwood Credit Union in Santa Rosa, was named Board Chairman of the California Credit Union League during its recent annual convention in San Francisco. Click to enlarge Headquartered in Rancho Cucamonga, the ...
For local banks, credit still flows - North Bay Business JournalLenders sending dramatically fewer foreclosure notices Roundup of North Bay bank earnings Banking: Financial advisers urge clients to employ discipline Business Journal Q&A: Exchange Bank president looks ahead BANKING: Banker Glen Terry named new CEO ...
In the grip of debt - Santa Rosa Press Democrat1. Prepare a balance sheet showing income and expenses. 2. Curtail spending. 3. Make a list of all creditors, including minimum payments and interest rates. 4. Concentrate on paying off credit cards one at a time. Start with the lowest balance and ...
BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain NewsDemocratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...
US Economy--Recession, Depression, or Collapse? - Common Dreams"For Consumers, the Hits Keep Coming" a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers ...
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