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Spend less, enjoy holidays more - Times UnionThis year, Americans intend to spend less during the holiday season startlingly, strikingly less. U.S. shoppers say they are planning to spend an average of $431 for gifts, down from the $859 they planned to spend last year, according to the annual ...
Suthers cracks down on mortgage ads - Denver Business JournalThree Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...
Mitch Schnurman: Mortgage bailout is good for everybody - Fort Worth Star-TelegramIt sounds heartless, maybe even bitter, to ask the question: Why should we rescue people who aren’t making their home payments? Foreclosures are a huge problem, no doubt. Yet the vast majority of Americans are paying their mortgages on time, even ...
Suthers cracks down on mortgage fraud - Rocky Mountain NewsColorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago. Suthers said that Denver’s Arbor Financial Inc., 5280 ...
Message to Obama: Send loans fast - CNN MoneyUnable to get bank loans, A-2-Z Scuba owner Amy Rhodes is scrambling to keep her business on track. (CNNMoney.com) -- What could jump-start the economy? Affordable loans for small business. With bank lending almost frozen and consumer spending down ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...
Hedging Their Debts - US News and World ReportSan Francisco start-up Pay By Touch didn't take venture-capital money when it sought $130 million in new financing for its biometric fingerprint-reading system. The battered baker Krispy Kreme Doughnuts shunned banks when it wanted to refinance its ...
UPDATE 2-Baker Hughes shares slide on earnings miss - ReutersNEW YORK, Oct 22 (Reuters) - Baker Hughes Inc (BHI.N: Quote , Profile , Research , Stock Buzz ) shares tumbled on Wednesday after the oilfield services company's third-quarter profit fell short of Wall Street expectations because of damage from ...
Credit Crunch Video Gallery - CNBCAs U.S. CPI fell to a record low in October, Olivier Desbarres, director of FX strategy at Credit Suisse discusses the p... Big 3 on the Brink, Pt. 2 Insight on Detroit's discussions in Washington, with Dean Baker, Center for Economic & Policy ...
Best mortgage rates - Toronto StarCanadians received more proof yesterday of the global credit crunch hitting home after this country's biggest banks began hiking their residential mortgage rates in an effort to recoup higher funding costs from their customers. The interest rate ...
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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