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Stop low-cost housing drain - Detroit Free PressAddressing Congress nearly 75 years ago, President Franklin D. Roosevelt called adequate housing a right of every American family willing to work. Fifteen years later, the Housing Act of 1949 set national goals that included "a decent home and a ...
BofA could move jobs to Charlotte - Charlotte Business JournalBank of America Corp. will likely relocate 650 jobs from the bank’s namesake skyscraper in midtown Atlanta to Charlotte unless the building gets a major renovation. BentleyForbes Group , owner of Bank of America Plaza in Atlanta, and attorneys ...
The racing is over for the season but F1's off-track action is hotting ... - Daily TelegraphHowever, off-track, another battle is coming to a head and the prize at stake is even bigger – the future of F1 itself. The sport is dominated by billionaire investors and wealthy car companies, but the harsh realities of the economic downturn have ...
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 ...
Expert: Foreclosures ripped through some places like hurricanes - Visalia Times-DeltaWASHINGTON — It wasn't long ago that the downturn in housing was mainly focused in specific cities with artificially inflated prices. But the mortgage lending crisis that has pushed the nation's financial services sector into a meltdown has spread ...
Debts due piling up for public companies - Denver PostConsumers aren't the only ones struggling to juggle their debts coming due against the cash they have on hand during a tight credit market. At least 18 public companies in Colorado will have to figure out how to repay or refinance more than $6 ...
NIBC considers using Dutch bank guarantee plan - ReutersAMSTERDAM, Nov 14 (Reuters) - Dutch merchant bank NIBC is considering making use of an interbank loan guarantee plan from the Dutch government, which could make it the first Dutch financial to do so, NIBC's Chief Executive said on Friday. "We're ...
7 Ways for Obama to Save the Housing Market - US News and World ReportThe Great Housing Bailout of 2009 is coming. The recent announcement by Fannie Mae, Freddie Mac, and Citigroup that they plan to reduce mortgage payments for hundreds of thousands of borrowers facing foreclosures may well be just the beginning of ...
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 ...
Buy Real Estate Now - ForbesOn Halloween, Radar Logic published a new compendium of housing for the year ending in August. The results were frightening: House prices have held up in just a precious few cities (Milwaukee, up 3%; Columbus, flat; Charlotte, down 3%). All the big ...

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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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