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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Ms. Jordan is a former operations vice president at Bank of America, her job was eliminated in 2008. Prior to Bank of America, Jordan spent ...
Preview from Europe: Hank Speaks, Stocks Sink - Seekingalpha.comThe Dow Jones gave back almost 70% of last week’s historic gains in just one session yesterday as soon as end of the month rebalancing was out of the way. Financials, retailers and real estate stocks led the rout. Maybe it’s just me but I can’t ...
Reloading Another Rebound - ForbesAfter the market consolidates last week's gains, we could get a little lift heading toward the end of the year. The S&P 500 Index (SPX) rallied 12% last week, raising an interesting question: When did we last see the SPX exceed a weekly rally of 7 ...
NRG Energy Rejects Exelon's $6.2 Billion Offer - Wall Street JournalPower generator NRG Energy Inc. rejected a $6.2 billion buyout offer from Chicago-based Exelon Corp., saying the price "manifestly undervalues" NRG. NRG also expressed doubts about whether Exelon could finance the transaction. In an unsolicited bid ...
Voters say yes in Mayo, Boiling Springs fire districts; Holly Springs ... - Spartanburg Herald-JournalResidents in Spartanburg County faced several referendums, chose several commissioners, and one town elected a councilman. Boiling Springs Fire District voters on Tuesday approved a referendum allowing the district to issue $2 million in bonds to ...
Auto industry troubles leave UAW workers and suppliers struggling and ... - Cleveland Plain DealerCleveland auto parts worker Brian Garner paused as he lugged black steel tubes from baking oven to sorting bin. Garner, 50, is a line worker for Springco Metal Coating Inc., one of hundreds of Cleveland area companies that depend on a healthy auto ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
Mr. Bush, Come Tell the Ghosts in Queens Your Financial Plan - Common DreamsAs our lame-duck President began his televised speech about the financial meltdown Thursday in lower Manhattan, accountant Barbara Beaubrun sat in her house in southeast Queens, shaking her head in disbelief. "He's in the wrong place," Beaubrun ...
Boston Tea Party, 2008 - Common DreamsHow dare you throw that tea into Boston Harbor! Such is the anti-democratic arrogance of the fear-mongering pundits and politicians who tell us if we taxpayers don't instantly give the Wall Street banking bandits a $700-billion bailout, we are ...
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