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Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaThe economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Avon Jittery As It Prepares To Refinance Debt - Hartford CourantPHILIP SCHENCK, the Avon town manager, and Blythe Robinson, the assistant town manager, stand in front of the town hall complex. Avon on Tuesday hopes to sell $25.8 million in short-term notes in order to retire existing debt. But upheaval in the ...
Bangor Daily News Photo Store - Bangor Daily NewsWASHINGTON — Maine’s foreclosure rate is low compared with other states. But homeowners facing foreclosure still need help, state officials say. Of the 435 congressional districts nationally, Maine’s 1st and 2nd Districts rank 402nd and 388th ...
A Quick Guide to Resources for Homeowners - Magic City Morning StarMillions of Americans are painfully aware of the fact that mortgage foreclosures and delinquencies are at their highest level in more than 30 years. These problems in the mortgage market have seriously strained the overall U.S. economy and are ...
Rising foreclosures pressure home prices - MSNBCWASHINGTON - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses. The trend, which is putting ...
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 ...
U.S. Treasury Said to Invest in Nine Major U.S. Banks (Update3) - BloombergOct. 13 (Bloomberg) -- The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government's latest attempt to shore up confidence in the financial system ...
California Saved by Mom, Pop as Rates `Choke' Issuers (Update2) - BloombergOct. 17 (Bloomberg) -- California, the biggest U.S. state borrower, raised $5 billion to avert a cash shortage by turning to the bedrock of the municipal bond market: its own taxpayers. California, a bellwether for state and local government debt ...
Business Digest - Providence JournalGeneral Growth Properties, owner of the Providence Place mall, has reported a third-quarter loss and abandoned its third-quarter dividend. In the second quarter, it paid 50 cents a share. The Chicago-based company also cut its forecast for this year ...
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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