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News about Mortgages:
Good News! Only $6 B. in Big CMBS Loans To Mature in '09 - New York ObserverPropertyShark. It's extraordinary what passes for good news these days! But here you have it. Commercial Mortgage Alert is reporting that only $6 billion worth of CMBS loans worth $50 million or more each will mature in 2009, a quantity that the ...
Winthrop Realty Trust Q3 2008 Earnings Call Transcript - Seekingalpha.comGreetings and welcome to the Winthrop Realty Trust third quarter earnings release conference call. At this time, all participants are in a listen-only-mode. A brief question-and-answer session will follow the formal presentation. (Operator ...
Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.comRussia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Surviving - and thriving - Boston GlobeThere are two predictions that no businessperson in Boston is ready to make: how bad this recession is going to get, and how long it will last. "I'm afraid it's gonna be longer than six or 12 months," says Michael Bonney, chief executive of Cubist ...
Racetrack firm redeals its debt - Lexington Herald-LeaderMagna Entertainment Corp., the company that owns the host track for next weekend's Breeders' Cup championship races, announced late Wednesday that it again has renegotiated about $250 million in loans. But the company said it will not be able to sell ...
Business Notes - Lexington Herald-LeaderDelta to cut 40 flights a dayat Cincinnati airport next year Delta Air Lines plans to cut 12 percent of flights, or about 40 a day, out of the Cincinnati/Northern Kentucky International Airport , as the company restructures its hub, the airline said ...
U.S. mortgage applications ebb 17% - NewsdayU.S. mortgage applications fell last week to the lowest level in almost eight years as the worst financial crisis in seven decades dried up lending. The Mortgage Bankers Association's index of applications to purchase a home or refinance a loan ...
U.S. considers taking stakes in banks - International Herald TribuneWASHINGTON : Having tried without success to unlock frozen credit markets, the U.S. Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence in the financial system. Treasury officials say the just ...
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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