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Alderwoman: ‘This is not terrible’ bills’ - Waynesville Daily GuideTimes will be tough next year for St. Robert, Finance Committee Chair-woman Theresa Cook acknowledged at a Thursday joint meeting of her committee and the city’s emergency services committee, but they’re not impossible. “We’re looking at this ...
Alan Greenspan on the mortgage crisis: "I didn't do it!" - SalonThe credit crisis must be endangering the Maestro's legacy. How else to explain Alan Greenspan's defensive analysis of how the markets went awry in "The Roots of the Mortgage Crisis," published in Wednesday's Wall Street Journal. As Greenspan sees it ...
Subprime's Black Tuesday? - SalonRepeat after me: On Tuesday, the "triple-B-minus-rated tranche of the ABX index" dropped to a new record low. Even if you have no idea what that means, it's kind of fun to say, although thinking about it too long may bring on a bad case of the heebie ...
Investment pumps up Life Time's stock value - Minneapolis Star Tribunewingkunt, that's how they remodeled. Most businesses are run by running a shell game. Borrow money from here, pay out money there and … read more have no "real" profits. And sometimes when the music stops, there are no more chairs left. Denny ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Why Does College Cost So Much, and Is It Worth It? - FOX News"Thank you for airing a program about real issues, real people, and real problems. Americans want to hear how to solve our everyday problems, not about other countries problems. We all struggle to pay bills and want to know how to afford to send our ...
A Hanging Offense - Wall Street JournalYesterday we noted a story about liberals, prompted by the election of Barack Obama, making sudden shows of patriotism after shunning such displays for the past eight years. We wondered if the same thing had happened on the other side--that is, if ...
City Beat - Free Lance-StarIt seems like everyone's asking who's to blame for our current economic woes. John McCain probably lost the election because he said the fundamentals of the economy were strong at a time when most Americans begged to differ. Conservative talking ...
Sheafe House demolition OK'd after judge rules time was up - CitizenErin Plummer/Staff Photo AN EXCAVATOR with Spears Brothers of Laconia tears apart the second building of the Sheafe Harbor House on Wednesday. The main building was demolished on Tuesday and the remaining building is scheduled for wrecking soon. The ...
Feds fast-track loan changes to save homes - Orlando SentinelThe U.S. government Tuesday launched its most ambitious effort yet to help the millions of Americans facing foreclosure on their homes. Federal housing officials and leaders of Fannie Mae and Freddie Mac -- the mortgage-finance giants now controlled ...
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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