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U.S. foreclosure filings up 71 percent in 3Q - KVALWASHINGTON (AP) - The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly 766,000 homes ...
GOT BONDS? - Register-GuardWe’ve got to work our way out of this economic slump, the top politicians from Gov. Ted Kulongoski to President-elect Barack Obama are saying these days. Massive pump-priming public works projects will keep Oregonians and their counterparts across ...
South Florida beats High Point 59-46 - FOX NewsTAMPA, Fla. — Aris Williams scored all of his 11 points in the second half, helping South Florida rally for a 59-46 victory against High Point on Tuesday night. Williams triggered a 17-4 run for South Florida (2-1) in the second half with eight ...
Illinois-Chicago beats Howard - FOX NewsWASHINGTON, D.C. — Scott VanderMeer scored 13 points and blocked five shots as Illinois-Chicago defeated Howard 68-54 on Tuesday night. The Flames (2-2) forced 12 second-half turnovers to pull away after trailing by four at the half. Robo Kreps ...
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 ...
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 ...
Election 2008: Hillary Clinton in the news - NewsdayFor Gov. David A. Paterson, there is more at stake than the choice of a U.S. senator to succeed Hillary Rodham Clinton pending a special election in 2010; there is also a statewide Democratic Party ticket to be shaped. WASHINGTON - Hillary Rodham ...
County votes heavy turnout - Hope StarHempstead County voters went to the polls today in droves, a prospect portended for the past two weeks as early voting took on seemingly record proportions, and local voters joined the nation in finalizing their political choices for 2008. Polls ...
Gov't considers changes to mortgage program - Buffalo NewsThe government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday. The program, included in a housing bill passed ...
Obama, McCain play who’s the socialist - Politico.comCINCINNATI, OHIO — A week after each candidate’s tax plan took center stage at the third presidential debate, the candidates continued to spar over Barack Obama’s comment that his plan would “spread the wealth around.” At a Wednesday press ...
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.
View all Terms