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UPDATE 1-Mexico's Cemex surges on debt refinancing hopes - ReutersMEXICO CITY, Nov 26 (Reuters) - Shares in Mexico's Cemex surged on Wednesday on optimism that the world's No. 3 cement maker may be nearing a deal to refinance part of the payments on $6.6 billion in debt due next year, analysts said. The company's ...
Hotels keep door shut to big rate cuts - Financial TimesUS travellers hoping that the global financial crisis would herald bargain Thanksgiving weekend hotel deals have been finding them hard to come by. However grim the outlook for the hospitality industry, the world's leading hotel groups say they will ...
Foreclosure: Nevadans hit hard in national crisis - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Sponsored by: - Reno GazetteAs of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
U.S. mortgage applications fall 16.6 pct - ReutersNEW YORK, Oct 22 (Reuters) - Demand for applications to buy homes and refinance mortgages sank 16.6 percent last week, a trade group said on Wednesday, in the heart of a financial crisis that has sapped consumer confidence. The Mortgage Bankers ...
Facing foreclosure, some just walk away - Delaware OnlineIn the spring of 2006, when the paralegal's parents retired and decided to move to Delaware to be closer to their grandchildren, buying a bigger home for the entire family seemed like a sensible thing to do. The collapse of the housing market ruined ...
UPDATE 1-General Growth shares plunge on default concerns - ForbesNEW YORK, Nov 11 (Reuters) - Shares of General Growth Properties Inc (nyse: GGP - news - people ) plunged 71 percent, on Tuesday after the second-largest U.S. mall owner expressed doubts that it could continue operating due to its looming near-term ...
Young Russian boys find new family in America - Daytona Beach News-JournalORMOND BEACH -- Two backpack-toting brothers strolled up the driveway kicking pine cones on their way home from the bus stop after a day at Ormond Beach Middle School. Seventh-grader Sasha and eighth-grader Dimitry were greeted by their dad, Richard ...
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 ...
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