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Supertel Hospitality, Inc. Signs Three-Year Credit Facility With Great ... - MSN MoneyCentral
-- $14 million term loan at 5.5% fixed interest; -- $20 million revolver loan at prime rate, with a minimum of 4.5% interest; -- $2 million line of credit for a 60-day period; and -- $10 million facility for discretionary use to refinance other ...

UPDATE: Builders Soar On Lower Rates, But Pain Persists - CNN Money
NEW YORK -(Dow Jones)- Improved mortgage rates sent shares of home builders higher Wednesday, but no one thinks the residential crisis is over. As consumers raced to lock in lower rates, applications to refinance existing loans jumped 203.3% last ...

Geithner Seeks to Push FDIC’s Bair Out After Clashes (Update1) - Bloomberg
Dec. 4 (Bloomberg) -- Timothy Geithner , President-elect Barack Obama ’s choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office. Geithner, president of the Federal Reserve Bank of ...

Geithner May Seek to Push Bair Out After Clashes During Crisis - Daily Business Review
imothy Geithner, President-elect Barack Obama’s choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office. Geithner, president of the Federal Reserve Bank of New York, has argued Bair ...

Bulls outlast bears in Wednesday grudge match - Marketwatch
, , ) , an ETF that tracks the financial stocks in the S&P 500, closed up more than 5%, after being up and down several percentage points sat various times during the session. Data from the Mortgage Bankers Association Wednesday showed initial ...

More downbeat data set to push Wall St lower - Financial Times
The release of more downbeat economic data and glum corporate developments were to set to push Wall Street stocks lower on Wednesday. Private companies cut 250,000 jobs last month, worse than expected and the most since in seven years, according to a ...

BasePoint™ Releases Industry’s Only Solution Specifically Designed ... - Earthtimes
CARLSBAD, Calif. - (Business Wire) BasePoint Analytics®, a leading provider of scientific risk and fraud analytic scoring solutions, today announced the availability of the BasePoint DefaultRisk™ score, the industry’s only risk modeling solution ...

More grim data push Wall Street lower - Financial Times
Fresh signs that the year-long recession was deepening combined with glum corporate developments across a wide range of sectors on Wednesday to push Wall Street stocks lower. Service industries contracted in November at the fastest pace on record ...

Did PartyGaming Head Own Plane Used in Suitcase Scandal? - Gambling 911
The "Suitcase Scandal" or maletinazo (derived from the word maletín, which in Spanish means "suitecase") began when Guido Alejandro Antonini Wilson, a Venezuelan-US entrepreneur, arrived in Argentina on a private flight hired by Argentine and ...

US services mark record retreat - The Age
Service industries in the US contracted the most in at least 11 years, and a measure of private payrolls showed job losses accelerated, signaling the economy's decline deepened last month. The Institute for Supply Management's index of non ...

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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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