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Obama Needs a Protest Movement - Common Dreams
The astonishing election of 2008 is over. Whatever else the future holds, the unchallenged domination of American national government by big business and the political right has been broken. Even more amazing, Americans have elected an African ...

Voices of the Evacuated - Santa Barbara Independent
del.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...

Digital Media - CNET News
Investment bank UBS has cut its estimates on digital-ad growth, in conjunction with gloominess about the overall advertising industry. The sector will continue to grow, a report said, but it will slow down significantly. "UBS estimates that Internet ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

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 ...

Calculating The Cost Of Wall Street's Rescue - Forbes
Consider the numbers: $29 billion for the Bear Stearns mess; $700 billion to buy spoiled assets; $200 billion to buy stock in Fannie Mae and Freddie Mac ; an $85 billion loan to AIG insurance; another $37.8 billion for AIG ; and $250 billion for bank ...

Bank Bonds Rise May Ease Pain of Refinancing $89 Billion Debt - Bloomberg
Oct. 15 (Bloomberg) -- A rally in bank bonds spurred by U.S. Treasury Secretary Henry Paulson 's rescue plan may ease the way for financial companies to refinance $89 billion of debt maturing through the end of the year. Bonds of Morgan Stanley ...

FRIEDLAND: Choosing between rule of law or rule of men - Rocky Mountain News
The current mortgage crisis gives us much to ponder. Many see it as part of the continuing historical debate between free-market vs. regulatory systems. And it certainly is. But there’s also one undeniable lesson to be learned here regardless of ...

The Communist Manifesto Turns 160 - Common Dreams
This year marks the 160th anniversary of The Communist Manifesto and capitalism-- a k a "free enterprise"--seems willing to observe the occasion by dropping dead. On Monday night, some pundits were warning that the ATMs might run dry and hinting ...

Slimy loan hits home - Independent News Online
COPAKE--For many in Columbia County the sub-prime mortgage mess seems abstract--something happening elsewhere--a sound bite on the national news. But for Kathleen Avery of Mountain View Road, the mortgage crisis is an unrelenting nightmare she ...

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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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