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News about Mortgages:
Mortgage brokers seeing more refinancing - WRALRaleigh, N.C. — New numbers out Wednesday show national sales of new homes are at their lowest point in 18 years. But when it comes to pre-owned, the days of bargain hunting here may be over. The Federal Home Finance Agency reports prices are still ...
Debtors seek to refinance homes - Raleigh News & ObserverQueries soar as interest rates fall There were 245 messages waiting Monday morning for Chris Corchiani, the owner of DNJ Mortgage in Cary. That's 10 times the number he normally receives. Homeowners hoping to consolidate loans, ditch their adjustable ...
Loans came easily, then fell apart - Milwaukee Journal SentinelWhile earning a salary of $21,000 a year, Leesa Robinson landed on top of the real estate world in 2006, overseeing nearly $1 million in property. The 45-year-old single mom started buying houses after watching late-night infomercials and their tales ...
Credit crisis snarls Waverly Place - Raleigh News & ObserverDeveloper can't find a lender to bankroll his plan to make the Cary shopping center a modern mix of condos, stores and offices The $180 million redevelopment of Cary's Waverly Place shopping center is joining the list of projects delayed by the ...
R.H. Donnelley Receives Notice Regarding NYSE Listing - EarthtimesCARY, N.C. , Nov. 14 /PRNewswire-FirstCall/ -- R.H. Donnelley Corporation (NYSE: RHD), one of the nation's leading Yellow Pages and online local commercial search companies, was notified today by the New York Stock Exchange (NYSE) that the Company ...
Since you asked ... - SalonI am traveling on personal business so the column will be dark on Tuesday and Wednesday and will resume Thursday. Also: In Friday's column , I started out by saying I was not trained or qualified to diagnose anyone, and then I diagnosed someone. You ...
Rising foreclosures rock families - Northwest HeraldCary Bruce is on the edge of foreclosure. Janice Jones has been to the brink and back. In May 2004, Bruce, a McHenry native, and his wife bought a small house in Round Lake Beach where they live with four children. They bought the house before Bruce ...
R.H. Donnelley Reports Third Quarter Results - MSN MoneyCentralIn the news release, R.H. Donnelley RHD Reports Third Quarter Results today by R.H. Donnelley over PR Newswire, we are advised by the company that the second footnote following the Safe Harbor Provision, should read "amount of $22 million for $7 ...
Tough times for real estate agents, bankers - Northwest HeraldDuring the boom times, Jan Leider liked to take five vacations a year. Now, the president of Northwest Mortgage Services takes one. Leider's Crystal Lake business is off. She is selling about half the number of mortgages that she did during the first ...
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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